Adaptable Commercial Space Near
For Sale
Contact for pricing
19420 21st Ave W, Lynnwood, WA 98036
10,614 SF commercial property suitable for various business purposes.
Property Size10,614 SF
Price / SF$235.54
Days on Market909
Property Features for 19420 21st Ave W
General Information
Standard status
Active
Size
10,614 SF
Property subtype
Industrial
Zoning
GC
Building Details
Year Built
1930
Year Renovated
2000
Listing Agency:
Coldwell Banker Commercial Danforth Seattle
Listed By:
Michael Fear · License #WA
(206) 755-8856
Source:
Crexi
Added: May 1, 2024
Changed: Oct 25
Last Checked: Oct 26 at 4:47PM
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 Coldwell Banker Commercial Danforth Seattle
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, located just off 196th St SW, offers 10,614 square feet of adaptable space. The property is suitable for warehouse distribution, industrial, retail, or manufacturing purposes. Its location provides convenient proximity to both I-5 and I-405, offering access to key transportation routes.
Key Highlights
- 10,614 sq ft of adaptable space suitable for Warehouse Distribution, Industrial, Retail, or Manufacturing.
- Convenient proximity to I‑5 and I‑405 highways.
- Premier commercial property location just off 196th St SW.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,198
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,683,960
$2.7M
Cap Rate 7%
$1,917,114
$1.9M
Cap Rate 9%
$1,491,089
$1.5M
Market Conditions
NOI Build-Up for 10,614 SF
Gross rent
$169.4K $15.96/SF
− Vacancy
−$11.5K −$1.09/SF
EGI
$157.9K $14.87/SF
− OpEx
−$23.7K −$2.23/SF
NOI
$134.2K $12.64/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,683,960
Cap Rate 7%
$1,917,114
Cap Rate 9%
$1,491,089
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,198 @ 7.0% cap · market cap 5.37%
Second Best
Flex RnD
$1.71M
$1.50M – $1.99M
NOI $119,688 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,204 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98036, WA
42,248
Population
17,228
Households
2.5
Avg Household Size
39
Median Age
39%
College-Educated
92%
High-School Grad
9.6 sq mi
ZIP Area
4,401
Density / Sq Mi
$89,566
Median Household Income
$54,455
Median Earnings
$1,686
Median Rent
$693,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Juicy Jun's Barbeque and Catering Express — 2516 200th Pl SW, Lynnwood, WA 98036
Frequently Asked Questions
What type of property is this?
Flex space - 10,614 SF commercial property suitable for various business purposes.
Where is this flex space located?
The property is located at 19420 21st Ave W Lynnwood, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,614 sq ft of adaptable space suitable for Warehouse Distribution, Industrial, Retail, or Manufacturing.; Convenient proximity to I‑5 and I‑405 highways.; Premier commercial property location just off 196th St SW.
