Lynnwood Office Building For
19910 50th Ave W Lynnwood, WA 98036
19910 50th Ave W, Lynnwood, WA, 98036
$1,900,000
For Sale
$1,900,000
Fully leased office building in Lynnwood with recent renovations.
Property Size6,466 SF
Lot Size0.49 Acres
Price / SF$293.84
Days on Market99
Property Features for 19910 50th Ave W
General Information
- Standard status
- Active
- Size
- 6,466 SF
- Lot size
- 0.49 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1982
Listing Agency
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(425) 454-4242
Listed by
STUART WILLIAMS
Source
Corcoran
Added: Apr 9 Checked: Jul 16 at 6:04 am
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.
The Scriber Business Center is a fully leased office building located in Lynnwood. The property includes a 6,466 square foot office building situated on a 21,344 square foot parcel. The building offers visibility and access along 50th Ave W. Recent renovations include the lobby, bathrooms, parking lot, heat pump system, and unit upgrades. There are 24 surface parking stalls available. This property is suitable for investors and owner-users.
Key Highlights
- Fully leased office building providing immediate income.
- Recently renovated lobby, bathrooms, parking lot, and heat pump system.
- Excellent visibility and access along 50th Ave W.
Local 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 | $176.9k | $27.36 |
| − Vacancy | −$23.4k | −$3.61 |
| EGI | $153.6k | $23.75 |
| − OpEx | −$38.4k | −$5.94 |
| NOI | $115.2k | $17.81 |
6,466 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,168 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,228 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gillin Law Group, ...
Law Firm
New Paths
Alternative Medicine Practice
Wald Imports Ltd
Big Box & Wholesale Store
Northwest Multiple Listing ...
Real Estate Agency
시애틀 여행사-케이맥스 투어
Travel Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully leased office building in Lynnwood with recent renovations.
Where is this office building located?
The property is located at 19910 50th Ave W Lynnwood, WA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Fully leased office building providing immediate income.; Recently renovated lobby, bathrooms, parking lot, and heat pump system.; Excellent visibility and access along 50th Ave W.
