Highway Mixed-Use
For Sale
Contact for pricing
5710 196th Street SW, Lynnwood, WA 98036
Showroom property in Lynnwood’s Highway Mixed Use zoning district.
Property Size24,261 SF
Price / SF$342.11
Days on Market50
Property Features for 5710 196th Street SW
General Information
Standard status
Active
Size
24,261 SF
Total Parking Spaces
132
Property subtype
Retail
Zoning
Highway Mixed Use
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$578,196
Building Details
Year Built
1967
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
First Western Properties, Inc. Tacoma
Listed By:
Justin Holmes · License #WA
(253) 447-2282
Source:
Crexi
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 14 at 10:59PM
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 First Western Properties, Inc. Tacoma
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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.
This showroom property is located at 5710 196th Street SW in Lynnwood, Washington. The asset is classified as a showroom and carries Highway Mixed Use zoning, supporting its commercial positioning along a designated mixed-use corridor.
Built in 1967, the property is associated with Krafter's Land Cabinetry, a cabinetry and home-improvement supplier founded in 2020 with multiple Washington locations. Its Lynnwood operation serves the North Puget Sound region.
Built in 1967, the property is associated with Krafter's Land Cabinetry, a cabinetry and home-improvement supplier founded in 2020 with multiple Washington locations. Its Lynnwood operation serves the North Puget Sound region.
Key Highlights
- Highway Mixed Use zoning
- Showroom classification
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$341,882
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,837,640
$6.8M
Cap Rate 7%
$4,884,029
$4.9M
Cap Rate 9%
$3,798,689
$3.8M
Market Conditions
NOI Build-Up for 24,261 SF
Gross rent
$524.0K $21.60/SF
− Vacancy
−$35.6K −$1.47/SF
EGI
$488.4K $20.13/SF
− OpEx
−$146.5K −$6.04/SF
NOI
$341.9K $14.09/SF
Area
Snohomish County, WA
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,837,640
Cap Rate 7%
$4,884,029
Cap Rate 9%
$3,798,689
Alternative Uses
Best Use
Retail
$4.88M
$4.27M – $5.70M
NOI $341,882 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.77M
$5.92M – $7.89M
NOI $473,618 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
531k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 24%
Groceries 20%
Superstores 14%
Costco Wholesale
Superstores
75,248 visits/mo
0.3 miles
Trader Joe's
Groceries
60,800 visits/mo
0.2 miles
Safeway
Groceries
44,504 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
42,714 visits/mo
0.2 miles
Chick-fil-A
Dining
38,574 visits/mo
0.2 miles
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 Retail in West region
Similar Off Market Nearby
- Jafar Co. — 20505 Hwy 99, Lynnwood, WA 98036
- Gemini Tile & Marble LLC — 20101 66th Pl W, Lynnwood, WA 98036
- Hanningtons Carpet Installs — 6623 196th St SW, Lynnwood, WA 98036
- Great Floors — 5501 196th Pl SW, Lynnwood, WA 98036
- NW Floor Coverings — 5116 196th St SW UNIT 201, Lynnwood, WA 98036
Frequently Asked Questions
What type of property is this?
Showroom - Showroom property in Lynnwood’s Highway Mixed Use zoning district.
Where is this showroom located?
The property is located at 5710 196th Street SW Lynnwood, WA.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: Highway Mixed Use zoning; Showroom classification; Built in 1967
