Lake View Office
For Sale
$2,595,000
20102 Cedar Valley Rd, Lynnwood, WA 98036
9,530 SF office building with lake view for sale.
Property Size9,530 SF
Lot Size1.00 Acre
Price / SF$272.30
Days on Market195
Property Features for 20102 Cedar Valley Rd
General Information
Standard status
Active
Size
9,530 SF
Class
B
Lot size
1.00 Acre
Property subtype
Office
Zoning
NC
Building Details
Building Size
9,530 SF
Year Built
1978
Listing Agency:
RE/MAX
Listed By:
Jenny Liu , MBA · License #22024760
(425) 230-7538
Source:
Remaxcommercial
Added: Mar 27
Changed: Sep 8
Last Checked: Oct 5 at 3:00PM
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 RE/MAX
Investment Insights
Based on property information with market context.
This 9,530 square foot office building offers a lake view and includes 45 parking spaces. The property is situated on a lot that is nearly one acre. It is located a short distance from the upcoming Lynnwood Light Rail Station, which is scheduled for completion in 2024. The Lynnwood Link project will extend light rail from Northgate into Snohomish County, serving four stations: Shoreline South/148th, Shoreline North/185th, Mountlake Terrace, and Lynnwood City Center.
Key Highlights
- Lakefront office building with lake views
- 9,530 SF office building on nearly 1 acre lot
- 45 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,742
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,394,840
$3.4M
Cap Rate 7%
$2,424,886
$2.4M
Cap Rate 9%
$1,886,022
$1.9M
Market Conditions
NOI Build-Up for 9,530 SF
Gross rent
$260.7K $27.36/SF
− Vacancy
−$34.4K −$3.61/SF
EGI
$226.3K $23.75/SF
− OpEx
−$56.6K −$5.94/SF
NOI
$169.7K $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%
$3,394,840
Cap Rate 7%
$2,424,886
Cap Rate 9%
$1,886,022
Alternative Uses
Best Use
Office B
$2.42M
$2.12M – $2.83M
NOI $169,742 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,043 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,222
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - 9,530 SF office building with lake view for sale.
Where is this office building located?
The property is located at 20102 Cedar Valley Rd Lynnwood, WA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Lakefront office building with lake views; 9,530 SF office building on nearly 1 acre lot; 45 parking spaces
