Property profile

2027-2031 196Th St Lynnwood, WA 98036

OFF-MARKET
Warehouses
59,445 SF Built 1986
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Year built 1986
Total area 59,445 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Park

Location

2027-2031 196Th St Lynnwood, WA 98036
Lynnwood metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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