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    2027-2031 196Th St Lynnwood, WA 98036

    Sponsored
    For Lease
    $24 SF/Yr

    Versatile Lynnwood Office & Warehouse Space

    Lot size:
    59,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Lynnwood East Business Park offers a unique opportunity to lease flexible commercial space in Snohomish County, Washington. This two-building complex, constructed in 1986, totals 59,445 square feet and features a variety of space types, including traditional and creative office spaces, warehouse, and distribution areas, even accommodating medical office needs. The property is located at 2027-2031 196th Street SW, Lynnwood, WA 98036, offering convenient access. Units range from a minimum of 725 square feet to a maximum contiguous space of 4,367 square feet, with 5,092 square feet currently vacant. The buildings are two stories high, boasting impressive 22-foot ceilings in the warehouse areas. Features include grade-level and dock-high roll-up doors, and a clear-span warehouse layout. Ample parking is available. The property is ideally situated near the intersection of I-5 and I-405, providing excellent freeway access. Note that Net Net Net (NNN) lease terms exclude trash, water/sewer, gas, and electricity. Multiple tenancy options are available.

    Property Features for 2027-2031 196Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,445 SF
    Total Rate
    118890

    Building Details

    Year Built
    1986
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Suite R-1
    Size
    1,708 SF
    Rate per SF
    $28
    Space
    Suite B-105
    Size
    6,495 SF
    Rate per SF
    $24
    Property Profile Location Intelligence

    Current Use by Public Records

    Lynnwood East Business ... Business Park

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.26142618
    Latitude
    47.82129996

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    FAQs

    What type of property is this?
    Medical office - Versatile Lynnwood Office & Warehouse Space
    Where is this medical office located?
    The property is located at 2027-2031 196Th St Lynnwood, WA.
    What is the lease rate?
    The lease rate is $24-$28 SF/Yr.
    Request Owner's contact information
    2027-2031 196Th St Lynnwood, WA 98036
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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
    2027-2031 196Th St Lynnwood, WA 98036
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