Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19031 33Rd Ave W Lynnwood, WA 98036

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,092 /Mo ($18 SF/Yr)

    Conveniently located office space near Alderwood Mall with ample parking.

    Property size:
    2,728 SF
    Lot size:
    2,728 SF

    Property Features for 19031 33Rd Ave W

    General Information

    Standard status
    Active
    Size
    2,728 SF

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Steve Balkman, Ccim
    Source: Corcoran

    Listing Agency: NAI PUGET SOUND PROPERTIES Listing Agent: Steve Balkman, Ccim

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

    Learn more

    Overview

    Lynnwood Office Space For Rent

    This commercial space is centrally located one block from Alderwood Mall and within walking distance of numerous amenities. The property features abundant surface parking, with a ratio of 3 spaces per 1,000 square feet. The property is professionally managed and maintained. NNN expenses are estimated at $9.58 per square foot. The tax ID number is 00372600100703. The property size is 2,728 square feet.
    Location Intelligence

    Current Use by Public Records

    KryptoScape Escape Rooms Arcade & Gaming Center Elisabeth Stipp, LMP Alternative Medicine Practice Jenderuss Forensic Accounting Accounting Firm Bella Voi Salon Hair Salon Radiance Nails @ Ultimate ... Nail Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.276927
    Latitude
    47.8255839

    Nearby Similar for Lease

    • New
      $2,520 /Mo
      1,260 SF

      Warehouse with Office Space

      Open warehouse space including office and restroom available for rent.
      19231 36Th Ave W, Lynnwood, WA 98036
      View Details
    • Contact for pricing

      Class A Office Space Available

      Six-story Class A office building with mountain views and modern amenities.
      19020 33Rd Ave W, Lynnwood, WA 98036
      View Details
    • $8,576 /Mo
      4,288 SF

      Warehouse with Office Space Available

      Open warehouse with office space for rent.
      19231 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $1,988 /Mo
      1,037 SF

      Lynnwood Office Suite For Rent

      Office suite featuring private offices and an open work area.
      19401 40Th Ave W, Lynnwood, WA 98036
      View Details
    • $3,528 /Mo
      5,040 SF

      Lynnwood Flex Space Available

      Flex space suitable for retail, manufacturing, or warehouse use.
      12407 Mukilteo Speedway, Lynnwood, WA 98087
      View Details
    • $4,025 /Mo
      2,100 SF

      Corner Office/Industrial Space Available

      Office and industrial space for rent on Highway 99.
      17925 Highway 99, Lynnwood, WA 98037
      View Details
    • $20 SF/Yr
      2,052 SF

      Class A Office Building

      Professional office building with premier location and ample parking.
      1133 164Th St SW, Lynnwood, WA 98087
      View Details
    • $27 SF/Yr
      3,041 SF

      Lynnwood Office/Warehouse Space Available

      Office and warehouse space in Lynnwood available for sublease.
      19109 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $23 SF/Yr
      1,865 SF

      Lynnwood Office Space Available

      Office space available for lease in Lynnwood, Washington.
      3400 188Th St SW, Lynnwood, WA 98037
      View Details
    • $23 SF/Yr
      2,753 SF

      Lynnwood Office Space Available

      Office space available for lease in Lynnwood, Washington.
      3500 188Th St SW, Lynnwood, WA 98037
      View Details
    • $2,376 /Mo
      891 SF

      Lynnwood Flex Space Available

      Flex space featuring office and warehouse components in Lynnwood, Washington.
      19109 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $1,300 /Mo
      780 SF

      Office Space Near Edmonds College

      Office spaces available in mixed-use building next to Edmonds College.
      19921 68Th Ave W, Lynnwood, WA 98036
      View Details

    FAQs

    What type of property is this?
    Office units - Conveniently located office space near Alderwood Mall with ample parking.
    Where is this office units located?
    The property is located at 19031 33Rd Ave W Lynnwood, WA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Abundant surface parking with a Ratio of 3/1,000 SF; - Centrally located one block from Alderwood Mall; - Walking distance to many amenities
    (425) 586-5606
    Request Owner's contact information
    19031 33Rd Ave W Lynnwood, WA 98036
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19031 33Rd Ave W
    Lynnwood, WA 98036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    19031 33Rd Ave W Lynnwood, WA 98036
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Balkman, Ccim
    (425) 586-5606
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!