Two-Building Small-Bay Industrial
16531 13th Ave W, Lynnwood, WA 98037
For Sale
New
Contact for pricing
Nine grade-level doors serve industrial, flex, and retail showroom uses.
Property Size35,907 SF
Lot Size2.06 Acres
Price / SF$269.03
Days on Market5
Property Features for 16531 13th Ave W
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Drive-In Doors
Tenant in Place
Property Use
Building Details
Buildings
Listing Agency:
Northmarq Commercial, LLC
(206) 693-2239
Listed By:
Raymond Vara
(206) 584-6195
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:37PM
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 Northmarq Commercial, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 35,907-square-foot property occupies 2.06 acres and comprises two buildings. Building A contains three suites across 28,828 square feet; Building B has 7,079 square feet and is occupied by Summit Interiors. The park includes nine grade-level doors and parking at a rate of three stalls per 1,000 square feet. MacDonald-Miller Facility Solutions occupies 20,005 square feet, representing 58% of the park’s NOI, under a lease expiring in May 2036. The tenant completed a suite buildout in 2026 using its own capital.
The property is in Lynnwood, 0.3 miles from the I-5 interchange and directly behind Walmart. Three leases at the park were signed or renewed after September 2025, including an LOI. Summit Interiors’ lease runs through January 2030.
The property is in Lynnwood, 0.3 miles from the I-5 interchange and directly behind Walmart. Three leases at the park were signed or renewed after September 2025, including an LOI. Summit Interiors’ lease runs through January 2030.
Key Highlights
- 35,907 SF across two buildings on 2.06 acres
- Building A: 28,828 SF across three suites; Building B: 7,079 SF
- Nine grade‑level doors and parking at 3 stalls per 1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$416,686
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,333,720
$8.3M
Cap Rate 7%
$5,952,657
$6.0M
Cap Rate 9%
$4,629,844
$4.6M
Market Conditions
NOI Build-Up for 35,907 SF
Gross rent
$646.3K $18.00/SF
− Vacancy
−$51.1K −$1.42/SF
EGI
$595.3K $16.58/SF
− OpEx
−$178.6K −$4.97/SF
NOI
$416.7K $11.60/SF
Area
Snohomish County, WA
Vacancy
7.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,333,720
Cap Rate 7%
$5,952,657
Cap Rate 9%
$4,629,844
Alternative Uses
Best Use
Industrial
$5.95M
$5.21M – $6.94M
NOI $416,686 @ 7.0% cap · market cap 4.31%
Second Best
Flex RnD
$5.78M
$5.06M – $6.75M
NOI $404,904 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$10.01M
$8.76M – $11.68M
NOI $700,969 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
9
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 98037, WA
29,584
Population
12,032
Households
2.5
Avg Household Size
39
Median Age
37%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
5,101
Density / Sq Mi
$104,357
Median Household Income
$57,281
Median Earnings
$1,864
Median Rent
$683,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in Snohomish County, WA
Properties on Market for Industrial properties in Snohomish County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Nine grade-level doors serve industrial, flex, and retail showroom uses.
Where is this industrial property located?
The property is located at 16531 13th Ave W Lynnwood, WA.
What is the asking price?
The asking price for this property is $9,660,000.
What are key features of this property?
This property features: 35,907 SF across two buildings on 2.06 acres; Building A: 28,828 SF across three suites; Building B: 7,079 SF; Nine grade‑level doors and parking at 3 stalls per 1,000 SF
