Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18720 33Rd Ave West Lynnwood, WA 98037

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($7,788 /Mo)

    6,336 SF office space for lease in Lynnwood, WA.

    Property size:
    6,336 SF
    Lot size:
    6,336 SF

    Property Features for 18720 33Rd Ave West

    General Information

    Size
    6,336 SF

    We can help!

    Listing Contact
    Erik Larson
    Erik Larson
    Source: Cbre

    Listing Agency: CBRE Listing Agent: Erik Larson

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

    Learn more

    Property Insight Report

    Overview

    Lynnwood Office Space Available

    This commercial property offers 6,336 square feet of office space and is located in Lynnwood, Washington. The property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FireTeam - Ergometrics & Applied ... Instruction

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2787544
    Latitude
    47.8287941

    Nearby Similar for Lease

    • $3,717 /Mo
      1,784 SF

      Lynnwood Office Space Available

      Office space for rent featuring private offices and open area.
      19221 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $581 /Mo
      387 SF

      Prime Lynnwood Office Suite

      Private office suite for lease in a prime Lynnwood location.
      20102 Cedar Valley Rd, Lynnwood, WA 98036
      View Details
    • $1,703 /Mo
      1,135 SF

      Prime Lynnwood Office Space

      Private office suite for lease in a prime location.
      20102 Cedar Valley Rd, Lynnwood, WA 98036
      View Details
    • $1,376 /Mo
      635 SF

      Open Office Space Available

      Second floor office unit for rent.
      19221 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $1,449 /Mo
      966 SF

      Private Office Suite For Lease

      966 SF office suite in prime Lynnwood location.
      20102 Cedar Valley Rd, Lynnwood, WA 98036
      View Details
    • $5,642 /Mo
      2,604 SF

      Lynnwood Office Space Available

      Lease-ready office space with modern finishes near Alderwood Mall.
      3405 188Th St SW, Lynnwood, WA 98037
      View Details
    • $2,394 /Mo
      1,149 SF

      Office Space with Private Offices

      Second-floor office space featuring six private offices.
      19221 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $3,528 /Mo
      5,040 SF

      Lynnwood Flex Space Available

      Flex space suitable for retail, manufacturing, or warehouse use.
      12407 Mukilteo Speedway, Lynnwood, WA 98087
      View Details
    • $6,400 /Mo
      2,021 SF

      Retail Space Near Alderwood Mall

      Retail space in a high-traffic area near Alderwood Mall.
      3105 Alderwood Mall Blvd, Lynnwood, WA 98036
      View Details
    • $2,376 /Mo
      891 SF

      Lynnwood Flex Space Available

      Flex space featuring office and warehouse components in Lynnwood, Washington.
      19109 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $2,110 /Mo
      1,266 SF

      Move-in Ready Office Suite

      First floor office suite near transit and Alderwood Mall.
      4211 Alderwood Mall Blvd, Lynnwood, WA 98036
      View Details
    • $4,092 /Mo
      2,728 SF

      Lynnwood Office Space For Rent

      Conveniently located office space near Alderwood Mall with ample parking.
      19031 33Rd Ave W, Lynnwood, WA 98036
      View Details

    FAQs

    What type of property is this?
    Office units - 6,336 SF office space for lease in Lynnwood, WA.
    Where is this office units located?
    The property is located at 18720 33Rd Ave West Lynnwood, WA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - 6,336 SF of office space available.; - Located in Lynnwood, WA.; - Property is for lease.
    (425) 462-6954
    Request Owner's contact information
    18720 33Rd Ave West Lynnwood, WA 98037
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18720 33Rd Ave West
    Lynnwood, WA 98037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    18720 33Rd Ave West Lynnwood, WA 98037
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Erik Larson
    Erik Larson
    (425) 462-6954 (425) 455-8500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!