Flexible Office
18927 33rd Ave W Lynnwood, WA 98036
For Sale
Contact for pricing
Office building with strong street presence and parking, featuring a flexible floor plate adaptable to many operational needs.
Property Size4,904 SF
Price / SF$397.63
Days on Market869
Property Features for 18927 33rd Ave W
General Information
Standard status
Active
Size
4,904 SF
Property subtype
OFFICE
Listing Agency:
Lee & Associates Commercial Real Estate Services
(206) 915-7061
Listed By:
Jeff Tillman
(206) 915-7061
Source:
Moodyscre
Added: Mar 14, 2024
Changed: Jul 28
Last Checked: Jul 29 at 3:23PM
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 Lee & Associates Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This office building is offered for sale with an emphasis on street presence, parking, and a flexible floor plate. The layout is described as adaptable to most occupancy and operational needs, making it suitable for a range of office configurations.
The public remarks also note the possibility of remodel or redevelopment for buyers who choose to pursue updates or a new direction for the site.
Overall, the asset presents a practical office option with flexibility in how the space can be used, along with the opportunity to consider interior or property-level improvements.
The public remarks also note the possibility of remodel or redevelopment for buyers who choose to pursue updates or a new direction for the site.
Overall, the asset presents a practical office option with flexibility in how the space can be used, along with the opportunity to consider interior or property-level improvements.
Key Highlights
- Office building with strong street presence
- Parking available on‑site
- Flexible floor plate adaptable to many occupancy and operational needs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.2k | $27.36 |
| − Vacancy | −$17.7k | −$3.61 |
| EGI | $116.5k | $23.75 |
| − OpEx | −$29.1k | −$5.94 |
| NOI | $87.3k | $17.81 |
4,904 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,347 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,735 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with strong street presence and parking, featuring a flexible floor plate adaptable to many operational needs.
Where is this office building located?
The property is located at 18927 33rd Ave W Lynnwood, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Office building with strong street presence; Parking available on‑site; Flexible floor plate adaptable to many occupancy and operational needs
