Lynnwood Commercial Property For
4305 178th Lynnwood, WA 98037
4305 178th, Lynnwood, WA, 98037
$3,000,000
For Sale
$3,000,000
Commercial property in Lynnwood with recent updates and ample space.
Property Size6,575 SF
Price / SF$456.27
Days on Market450
Property Features for 4305 178th
General Information
- Standard status
- Active
- Size
- 6,575 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency
THE PREVIEW GROUP
(425) 774-2200
Listed by
MORGAN PARK
Source
Corcoran
Added: Apr 24, 2025 Checked: Jul 17 at 3:25 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 THE PREVIEW GROUP
Investment Insights
Based on property information with market context.
This commercial property features a building with a total area of 6575 square feet, situated on a 33,976.8 square foot lot. The property has been updated with a new water tank, furnace, carpet and tile flooring, toilets, interior and exterior paint, a larger electrical panel, light fixtures, and faucets. The parking lots have been redone, and the landscaping has been completely renovated.
Key Highlights
- Completely renovated with numerous new updates including water tank, furnace, carpet, tile floors, toilets, interior and exterior paint, electrical panel, light fixtures, and faucets.
- Substantial building size: 6,575 SF.
- Large lot size: 33,976.8 SF.
Local Financial Insights For Retail
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 | $142.0k | $21.60 |
| − Vacancy | −$9.7k | −$1.47 |
| EGI | $132.4k | $20.13 |
| − OpEx | −$39.7k | −$6.04 |
| NOI | $92.7k | $14.09 |
6,575 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,654 @ 7.0% cap · market cap 3.09%
Second Best
Industrial
$912.3K
$798.3K – $1.06M
NOI $63,860 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,356 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
Similar Off Market Nearby
- AFCO Credit Corporation — 3400 188th St SW, Lynnwood, WA 98037
FAQs
What type of property is this?
Parking lot & garage - Commercial property in Lynnwood with recent updates and ample space.
Where is this parking lot & garage located?
The property is located at 4305 178th Lynnwood, WA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Completely renovated with numerous new updates including water tank, furnace, carpet, tile floors, toilets, interior and exterior paint, electrical panel, light fixtures, and faucets.; Substantial building size: 6,575 SF.; Large lot size: 33,976.8 SF.
