Light Industrial Building with Paint
20626 50th Ave W, Lynnwood, WA 98036
For Sale
New
Contact for pricing
A gated, fenced site combines open shop space, offices, reception, and grade-level loading.
Property Size6,808 SF
Price / SF$286.43
Days on Market3
Property Features for 20626 50th Ave W
General Information
Standard status
Size
Property subtype
Listing Agency:
James & Associates Real Estate Inc.
(206) 510-4494
Listed By:
Brandon Connor
(206) 518-2940
Source:
Moodyscre
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:58PM
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 James & Associates Real Estate Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 6,808-square-foot light industrial building features a broad shop area alongside finished office and reception space. A dedicated paint room supports the property’s manufacturing configuration, and a grade-level loading door accommodates equipment and deliveries. The lot is fully fenced and gated.
Situated in Lynnwood, the property is near a light rail expansion and offers access to major arterials and regional transportation routes.
Situated in Lynnwood, the property is near a light rail expansion and offers access to major arterials and regional transportation routes.
Key Highlights
- 6,808‑square‑foot light industrial building
- Open shop area with built‑out office and reception space
- Dedicated paint room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,770
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,400
$1.5M
Cap Rate 7%
$1,096,714
$1.1M
Cap Rate 9%
$853,000
$853.0K
Market Conditions
NOI Build-Up for 6,808 SF
Gross rent
$129.1K $18.96/SF
− Vacancy
−$11.0K −$1.61/SF
EGI
$118.1K $17.35/SF
− OpEx
−$41.3K −$6.07/SF
NOI
$76.8K $11.28/SF
Area
Snohomish County, WA
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,400
Cap Rate 7%
$1,096,714
Cap Rate 9%
$853,000
Alternative Uses
Best Use
Flex RnD
$1.10M
$959.6K – $1.28M
NOI $76,770 @ 7.0% cap · market cap 3.94%
Second Best
Industrial
$944.6K
$826.5K – $1.10M
NOI $66,123 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $132,904 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,145
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A gated, fenced site combines open shop space, offices, reception, and grade-level loading.
Where is this manufacturing property located?
The property is located at 20626 50th 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: 6,808‑square‑foot light industrial building; Open shop area with built‑out office and reception space; Dedicated paint room
