Financial
Distress signals
Property profile

5611 196Th St SW Lynnwood, WA 98036

FOR LEASE
Office buildings
Property ID
US90-1122597
5,763 SF 0.52 ac lot Built 1972
Last sale Apr 2025 · $1,875,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This mixed-use property is configured to support retail, office, flex, and warehouse uses. It includes an approximately 1,100-square-foot retail/office space on the top floor with two private offices and one bathroom. The ground floor contains an approximately 2,183-square-foot flex retail/warehouse area featuring 10-foot ceilings and a grade-level roll-up door. The property totals approximately 3,283 square feet and is positioned along a roadway with reported high traffic counts (approximately 28,900 vehicles per day).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$1.55M
Assessed land$659k
Assessed improvement$887k
Effective rate0.77%

Value estimate

· Sep 2026
$1.67M
$1.50M – $1.84M
CAP approach$1.69M
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 159,430.00% cap applied$32k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$609/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$229 – $845
Qualifying comparables11

Cap rate analysis

How does the asset earn?
159,430.00%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
42
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop11.0
Tailor Shop10.8
Wine and Liquor Store9.5

Location

5611 196Th St SW Lynnwood, WA 98036
County assessor Recorded deeds · 5 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5925 203rd SW, Lynnwood, WA 98036 $3,900,000 May 2025 7,212 SF
21300 68th W, Lynnwood, WA 98036-7310 $500,000 Jul 2024 7,380 SF
6226 196th SW, Lynnwood, WA 98036-5959 $900,000 Jul 2022 6,364 SF
21316 66th W, Lynnwood, WA 98036-7327 $1,500,000 Jun 2022 6,000 SF
6327 204th SW, Lynnwood, WA 98036-6271 $19,800,000 Jun 2022 3,600 SF
19815 44th W, Lynnwood, WA 98036-6707 $2,200,000 Dec 2020 5,162 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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