Office
19116 33rd Ave, Lynnwood, WA 98036
For Sale
$15,500,000
ACC zoning and an established office use define this Lynnwood property.
Property Size28,185 SF
Price / SF$549.94
Days on Market46
Property Features for 19116 33rd Ave
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
R.H. Cooke & Associates
Listed By:
Bob Cooke · License WA #12404
(509) 327-2282
Source:
Rhcooke.idxbroker
Added: Sep 26
Changed: Nov 3
Last Checked: Nov 10 at 5:15AM
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 R.H. Cooke & Associates
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 office building at 19116 33rd Ave in Lynnwood, Washington, contains 28,185 square feet. Built in 2001, the property is zoned ACC.
Key Highlights
- 28,185‑square‑foot office building
- Built in 2001
- Zoned ACC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$502,013
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,040,260
$10.0M
Cap Rate 7%
$7,171,614
$7.2M
Cap Rate 9%
$5,577,922
$5.6M
Market Conditions
NOI Build-Up for 28,185 SF
Gross rent
$771.1K $27.36/SF
− Vacancy
−$101.8K −$3.61/SF
EGI
$669.4K $23.75/SF
− OpEx
−$167.3K −$5.94/SF
NOI
$502.0K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,040,260
Cap Rate 7%
$7,171,614
Cap Rate 9%
$5,577,922
Alternative Uses
Best Use
Office B
$7.17M
$6.28M – $8.37M
NOI $502,013 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.86M
$6.88M – $9.17M
NOI $550,222 @ 7.0% cap · market cap 3.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,447
Businesses Nearby
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
$693,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Snohomish County, WA
Properties on Market for Office buildings in Snohomish County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - ACC zoning and an established office use define this Lynnwood property.
Where is this office building located?
The property is located at 19116 33rd Ave Lynnwood, WA.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: 28,185‑square‑foot office building; Built in 2001; Zoned ACC
