Lynnwood Flex Space For
15701 Hwy 99 Lynnwood, WA 98087
15701 Hwy 99, Lynnwood, WA, 98087
$1,290,000
For Sale
$1,290,000
Flex space building with office and industrial features available for purchase.
Property Size5,215 SF
Price / SF$247.36
Days on Market899
Property Features for 15701 Hwy 99
General Information
- Standard status
- Active
- Size
- 5,215 SF
Building Details
- Year Built
- 1956
Listing Agency
ROSEN-HARBOTTLE COMMERCIAL R.E
Listed by
CALEB FARNWORTH, CCIM
Source
Corcoran
Added: Feb 2, 2024 Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROSEN-HARBOTTLE COMMERCIAL R.E
Investment Insights
Based on property information with market context.
This flex space property is available for sale and is located within a UC zone. The building has a total area of 5,215 square feet, which includes 1,008 square feet of office space. The property is situated on a 10,086 square foot lot. It features one grade-level loading door and a 9-foot clear height. The building is equipped with 400 amps of electrical power and pneumatic air. Recent upgrades have been made to the building.
Key Highlights
- Owner/User opportunity in a UC zone.
- Substantial 5,215 SF building on a 10,086 SF lot.
- Features 400 amps of electrical power.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.9k | $18.96 |
| − Vacancy | −$8.4k | −$1.61 |
| EGI | $90.5k | $17.35 |
| − OpEx | −$31.7k | −$6.07 |
| NOI | $58.8k | $11.28 |
5,215 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$840.1K
$735.1K – $980.1K
NOI $58,807 @ 7.0% cap · market cap 4.56%
Second Best
Industrial
$723.6K
$633.1K – $844.2K
NOI $50,651 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,806 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
John's Auto Glass ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- La Malquerida Mexican Gourmet — 5326 176th St SW, Lynnwood, WA 98037
FAQs
What type of property is this?
Flex space - Flex space building with office and industrial features available for purchase.
Where is this flex space located?
The property is located at 15701 Hwy 99 Lynnwood, WA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Owner/User opportunity in a UC zone.; Substantial 5,215 SF building on a 10,086 SF lot.; Features 400 amps of electrical power.
