Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    6501 196Th St SW Lynnwood, WA 98036

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr ($3,451 /Mo)

    Former Chiropractic Office, suitable for service retail with good parking.

    Property size:
    2,180 SF
    Lot size:
    2.02 Acres

    Property Features for 6501 196Th St SW

    General Information

    Size
    2,180 SF
    Lot size
    2.02 Acres

    We can help!

    Listing Contact
    Richard Kemp
    Source: Moodyscre

    Listing Agent: Richard Kemp

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

    Learn more

    Property Insight Report

    Overview

    Retail Space Available For Lease

    This 2,180 square-foot retail space, formerly a chiropractic office, is available for lease. The property benefits from a good traffic count, reasonable NNN charges, and ample parking. It is suitable for service retail businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Y S Lee ... Martial Arts School Salon Celebrations Beauty Salon Lifeplus Health Centers Chiropractor Stephanie Kimball Massage Therapist Speedy Signs Sign Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3212395
    Latitude
    47.8222145

    Nearby Similar for Lease

    • Contact for pricing
      2,763 SF

      Highway 99 Retail/Office Endcap

      Renovated retail/office space with high exposure and flexible layout.
      18023 Highway 99, Lynnwood, WA 98037
      View Details
    • Contact for pricing
      4,700 SF

      Well-Equipped Dental Office Sublease

      Prime Lynnwood location, move-in ready, ideal for dental/medical users.
      6101 200Th St SW, Lynnwood, WA 98036
      View Details
    • $27 SF/Yr
      3,041 SF

      Lynnwood Office/Warehouse Space Available

      Office and warehouse space in Lynnwood available for sublease.
      19109 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $27 SF/Yr
      26,066 SF

      Alderwood Business Campus: Lynnwood, WA

      Versatile Office & Industrial Space Available
      19101 36Th Ave, Lynnwood, WA 98036
      View Details
    • $20 SF/Yr
      11,419 SF

      Triton Court: Edmonds Retail/Office

      Prime Edmonds location, retail & office suites.
      19921 68Th Ave, Lynnwood, WA 98036
      View Details
    • $1.35 SF/Yr
      57,778 SF

      Lynnwood Light Industrial Space Available

      9,586 SF light industrial space for lease in Lynnwood.
      12512 Beverly Park Rd, Lynnwood, WA 98087
      View Details
    • $23 SF/Yr
      73,073 SF

      Lynnwood Corporate Center Office Space

      Prime Lynnwood Office Suites, Multiple Sizes Available
      19401 40Th Ave, Lynnwood, WA 98036
      View Details
    • $1.15 SF/Yr
      23,743 SF

      Hwy 99 Office & Warehouse Space

      Prime Snohomish County location, flexible space available.
      15615 Highway 99, Lynnwood, WA 98087
      View Details
    • $1.00 SF/Yr
      10,644 SF

      Small Bay Warehouse with Office

      Small bay warehouse with office space in Lynnwood, Washington.
      6116 211Th St SW | Lynnwood, Lynnwood, WA 98036
      View Details
    • $23 SF/Yr
      17,832 SF

      Castle Building: Lynnwood Office Space

      Prime Lynnwood Office, Ample Parking, Near Transit
      19730 64Th Ave, Lynnwood, WA 98036
      View Details
    • $12 SF/Yr
      11,194 SF

      Lynnwood Office Campus: 5 Suites Available

      Modern Office Space, I-5 Access, Abundant Parking
      19221 36Th Ave, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      182,000 SF

      Northview Center: Lynnwood Office Space

      Class A Office, Lynnwood; 8 Suites Available
      20700 44Th Ave, Lynnwood, WA 98036
      View Details

    FAQs

    What type of property is this?
    Retail space - Former Chiropractic Office, suitable for service retail with good parking.
    Where is this retail space located?
    The property is located at 6501 196Th St SW Lynnwood, WA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Former chiropractic office, **suitable for service retail**.; - Good traffic count.; - Reasonable NNN (Triple Net Lease).
    (206) 505-9430
    Request Owner's contact information
    6501 196Th St SW Lynnwood, WA 98036
    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.
    6501 196Th St SW
    Lynnwood, WA 98036
    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
    6501 196Th St SW Lynnwood, WA 98036
    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
    Richard Kemp
    (206) 505-9430
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.