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    12512 Beverly Park Rd Lynnwood, WA 98087

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    For Lease
    $1.35 SF/Yr

    9,586 SF light industrial space for lease in Lynnwood.

    Type:Industrial
    Property size:
    57,778 SF
    Added:
    Nov 21, 2025
    Days on Market:
    135
    Last Refresh:
    Dec 3 at 5:14 am

    Property Features for 12512 Beverly Park Rd

    General Information

    Standard status
    Active
    Size
    57,778 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 12512 Beverly Park Rd Contact us

    We can help!

    Listing Contact
    Tina Batten

    Listing agent Tina Batten License #9694129

    Listing office Cherry Hill

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Cherry Hill

    Overview

    Lynnwood Light Industrial Space Available

    This 9,586 square foot light industrial space is conveniently located south of Paine Field in Lynnwood. Suite B1 includes 6,331 square feet of warehouse space, 2,240 square feet of first-floor office and restroom space, and 1,015 square feet of mezzanine office space. The warehouse features one dock truck door and one oversized grade-level truck door, along with a 24-foot clear height. Electrical service is provided by a 200 amp 277/480V 3-phase system. Note that additional mezzanine storage is available but is not included in the total square footage. The location provides easy access to area highways and freeways, with convenient access to Everett to the north and Seattle to the south. The largest tenants in the building are Leidos and Sherwin Williams Floor Covering.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coenzyme-A Technologies Physician Sherwin-Williams Floorcovering Store Carpet & Flooring Store Muscle Marketing USA, ... (Bike/Boat/Book/etc) Store MMUSA (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Bev Ed RV & Boat Storage — 12828 Beverly Park Rd, Mukilteo, WA 98275
    • Public Storage — 13505 Mukilteo Speedway, Lynnwood, WA 98087
    • Flight Line Storage — 13031 Beverly Park Rd, Lynnwood, WA 98087
    • Safe Harbour Storage — 12118 Cyrus Way, Mukilteo, WA 98275
    • Pack Rat Mini Storage — 12320 Mukilteo Speedway, Mukilteo, WA 98275

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.278185
    Latitude
    47.88431

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    FAQs

    What type of property is this?
    Warehouse - 9,586 SF light industrial space for lease in Lynnwood.
    Where is this warehouse located?
    The property is located at 12512 Beverly Park Rd Lynnwood, WA.
    What is the lease rate?
    The lease rate is $1.35 SF/Yr.
    What are key features of this property?
    This property features: Convenient location south of Paine Field in Lynnwood with easy access to area highways and freeways, providing convenient access to Everett and Seattle.; **9,586 SF light industrial space with a combination of warehouse, first‑floor office/restroom, and mezzanine office space.**; **High ceiling clearance of 24 feet, suitable for various industrial operations.**
    (856) 321-1212
    We can help!
    Listing Contact
    Tina Batten
    Real Estate License ID: 9694129
    Learn More
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    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
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