2122 164Th StLynnwood, WA 98087

Property Details for 2122 164Th St

Year built

2001

Construction

TYPE NOT SPECIFIED

Lot size

0.79 AC

Property size (Sq ft)

24,798 SF

Zone code

SK

Property type

Office buildings

APN

372800100108

APU

372800100108

Description

This exceptional two-story office building in Lynnwood, WA, offers four available spaces ranging from 615 to 4,055 square feet. Located at 2122 164th St SW, 98087, this property boasts convenient access to I-5 and I-405 freeways, placing your business in a prime location. The building features a secure parking garage with a generous 3.0/1000 parking ratio, and the high-traffic area (25,722 vehicles daily on 164th St SW in 2022) ensures excellent visibility. Benefit from potential exterior signage opportunities to enhance your brand presence. The building is situated directly off the 164th St exit, adjacent to a park and ride, offering employees easy commuting options. The property benefits from local and responsive management and ownership. The lease rate is $17.75 per square foot per year, with estimated NNN expenses of $10.20 per square foot per year. There's even a possibility of including existing furniture in the lease. This is a fantastic opportunity for businesses seeking a well-located, functional, and secure office space in a thriving area. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $6,688,884

  6.5%

  $6,174,354

  7%

  $5,733,329

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,537,929

  Geo Method

  $4,775,599

• Alternative Use

  Use

  Valuation

  Residential

  $7,656,199

  Hospitality

  $7,013,037

  Educational

  $5,834,764

  Medical

  $6,035,431

  Retail

  $9,076,300

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8495

Longitude

-122.262

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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