Office/Warehouse with Secured
For Sale
Contact for pricing
6825 216th Street SW, Lynnwood, WA 98036
Office space plus warehouse with external loading, dock-height and grade-level doors, and secured covered dock access.
Property Size5,314 SF
Days on Market95
Property Features for 6825 216th Street SW
General Information
Standard status
Active
Size
5,314 SF
Property subtype
Office/Warehouse
Lease Term
NNN
Properties For Sale
at 6825 216th Street SW Contact us6825 216th St SW - Office
Size
5,314 SF
Type
Office Warehouse
Term
Negotiable
6825 216th St SW - Warehouse
Size
1,982 SF
Type
Warehouse/Distribution
Term
Negotiable
Listing Agency:
NAI Puget Sound Properties
Listed By:
Barry Kelly
(425) 586-5625
Source:
Nai-psp
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 28 at 5:53AM
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 NAI Puget Sound Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office/warehouse property offers 7,296 SF total, including 5,314 SF of office space and 1,982 SF of warehouse space. The warehouse features external grade loading that leads to a covered and secured dock, with 18’ clear height. Access is provided via dock-high and grade-level doors, supporting practical move-in and logistics needs.
The property is zoned Business and Technical Park (BTP) and provides immediate access to Hwy-99 and I-5 via 220th St SW. Availability is scheduled for September 2026.
The listing includes NNN expenses of $0.36 PSF for operating cost considerations.
The property is zoned Business and Technical Park (BTP) and provides immediate access to Hwy-99 and I-5 via 220th St SW. Availability is scheduled for September 2026.
The listing includes NNN expenses of $0.36 PSF for operating cost considerations.
Key Highlights
- 7,296 SF total with 5,314 SF office and 1,982 SF warehouse
- External grade loading with covered, secured dock access and 18’ clear height in the warehouse
- Dock‑high and grade‑level doors for flexible loading/unloading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,612
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,240
$1.0M
Cap Rate 7%
$737,314
$737.3K
Cap Rate 9%
$573,467
$573.5K
Market Conditions
NOI Build-Up for 5,314 SF
Gross rent
$79.7K $15.00/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$73.7K $13.88/SF
− OpEx
−$22.1K −$4.16/SF
NOI
$51.6K $9.71/SF
Area
Snohomish County, WA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,240
Cap Rate 7%
$737,314
Cap Rate 9%
$573,467
Alternative Uses
Best Use
Warehouse
$959.8K
$839.9K – $1.12M
NOI $67,188 @ 7.0% cap · market cap 5,375,040.00%
Second Best
Flex RnD
$856.0K
$749.0K – $998.7K
NOI $59,923 @ 7.0% cap · market cap 4,793,840.00%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,739 @ 7.0% cap · market cap 8,299,120.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,638
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Office space plus warehouse with external loading, dock-height and grade-level doors, and secured covered dock access.
Where is this flex space located?
The property is located at 6825 216th Street SW Lynnwood, WA.
What are key features of this property?
This property features: 7,296 SF total with 5,314 SF office and 1,982 SF warehouse; External grade loading with covered, secured dock access and 18’ clear height in the warehouse; Dock‑high and grade‑level doors for flexible loading/unloading
