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    5116 196Th St SW Lynnwood, WA 98036

    For Sale
    $3,200,000

    Retail property with value-add opportunity near Lynnwood Light Rail.

    Property size:
    18,670 SF

    Property Features for 5116 196Th St SW

    General Information

    Size
    18,670 SF

    Building Details

    Year built
    1968

    Source: NAI PUGET SOUND PROPERTIES Agent BLAKE STEDMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property Near Highway 99

    This retail property is situated between Highway 99 and I-5, located off 196th Street SW. The property benefits from excellent visibility and proximity to Lynnwood Light Rail. It features tenants in place with a low vacancy rate, presenting a value-add opportunity at below-market rates. The property provides a parking ratio of 3 per 1,000. It consists of 10 units and has a size of 18670 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BestCPRSeattle - First Aid ... Adult Education School Family Christian Association Or Organization NW Floor Coverings Flooring Store Dr. Sue Lim Dentist Foundation First Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lynnwood Town Square, Alderwood Village, CoinMover Bitcoin ATM (Lynnwood Alderwood Mall Pkwy 76), Islamic Center Faizan-e-Madinah, BrooksMall.net

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3026722
    Latitude
    47.8207007

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    FAQs

    What type of property is this?
    Shopping center - Retail property with value-add opportunity near Lynnwood Light Rail.
    Where is this shopping center located?
    The property is located at 5116 196Th St SW Lynnwood, WA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Excellent visibility and proximity to Lynnwood Light Rail; - Value-add opportunity at below-market rates; - Tenants in place with low vacancy
    Request Owner's contact information
    5116 196Th St SW Lynnwood, WA 98036
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    Lynnwood, WA 98036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5116 196Th St SW Lynnwood, WA 98036
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