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    5017 196Th St Lynnwood, WA 98036

    Sponsored
    For Lease
    Contact for pricing

    Prime Lynnwood location, two suites available.

    Lot size:
    13,089 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Lynnwood Professional Center, located at 5017 196th St SW in Lynnwood, WA 98036, presents a compelling investment opportunity. This single-building, Class C office complex, built in 1965, offers a total of 13,089 square feet on a 1.84-acre lot. The property boasts 70 parking spaces, providing ample convenience for tenants and visitors. Currently, two suites are available for lease or sale. One suite offers 1,189 square feet of versatile space, ideal for medical professionals or various business services. A second, larger space of 1,811 square feet is also available in the basement, offering a "gray shell" condition with existing plumbing. Situated within Lynnwood's thriving commercial district, this property benefits from high visibility and convenient access to major transportation routes. The property is categorized as both Traditional Office and Medical Office space, making it suitable for a wide range of potential tenants. The property's location in Snohomish County, within the Lynnwood submarket, ensures strong potential for both occupancy and appreciation. This is an excellent opportunity to acquire a well-located commercial property in a growing area.

    Property Features for 5017 196Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,089 SF
    Class
    C

    Building Details

    Year Built
    1965
    Buildings
    1

    Unit(s) available at that property

    Space
    Basement
    Size
    1,811 SF
    Space
    Suite 206
    Size
    1,189 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Jianli Wang, ND Acupuncturist Janice Balla Chiropractor Pascal Chih-Chao Lee Dentist CM Heating Hvac Contractor Lynnwood Dental Studio Dental Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.30141916441
    Latitude
    47.821169895044

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    FAQs

    What type of property is this?
    Medical office - Prime Lynnwood location, two suites available.
    Where is this medical office located?
    The property is located at 5017 196Th St Lynnwood, WA.
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    Lynnwood, WA 98036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5017 196Th St Lynnwood, WA 98036
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