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    20215-20217 Cedar Valley Rd Lynnwood, WA 98036

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    For Sale
    $4,100,000

    Two industrial buildings totaling 28,738 SF on 1.54 acres.

    Property size:
    28,738 SF
    Lot size:
    1.55 Acres

    Property Features for 20215-20217 Cedar Valley Rd

    General Information

    Size
    28,738 SF
    Lot size
    1.55 Acres

    Source: Marcus & Millichap, Inc. Agent Joel Deis

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

    Overview

    Lynnwood Industrial Buildings For Sale

    Located in Lynnwood, WA, the property at 20215 & 20217 Cedar Valley Road features two industrial buildings totaling 28,738 square feet. Constructed in 1973, the buildings are situated on a 1.54-acre parcel, offering ample parking and maneuverability suitable for distribution purposes. The warehouses feature clear-span space, high ceilings, and ten grade-level doors ranging from 10 to 14 feet in height. The property is positioned between Interstate-5 and Highway 99, providing convenient access to major distribution routes. Additionally, the asset is within a 10-minute walk from the recently completed Link Light Rail station via the Scriber Creek Trail. One tenant occupies just under 60% of the rentable building area, with a lease extending through December 2025 and a one-year option to extend. This presents a near-term value-add opportunity or allows time for an owner-user to plan a move into the facility. Lynnwood has experienced consistent industrial rent growth over the past decade and is undergoing multifamily and commercial development.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    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

    Leisure Time Boat & RV Storage, Self-Storage at U-Haul, Public Storage, Trojan Storage of Lynnwood, Public Storage

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3009066
    Latitude
    47.8151813

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    FAQs

    What type of property is this?
    Warehouse - Two industrial buildings totaling 28,738 SF on 1.54 acres.
    Where is this warehouse located?
    The property is located at 20215-20217 Cedar Valley Rd Lynnwood, WA.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: - Excellent location with quick access to Interstate-5 and Highway 99 for convenient distribution.; - Proximity to the Link Light Rail station (sub-10-minute walk) via the Scriber Creek Trail.; - Two buildings totaling 28,738 RSF on a 1.54-acre parcel with ample parking and maneuverability.
    (206) 826-5750
    Request Owner's contact information
    20215-20217 Cedar Valley Rd 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
    20215-20217 Cedar Valley Rd Lynnwood, WA 98036
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