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    Property profile & analytics

    5017 196Th St Lynnwood, WA 98036

    • Office buildings
    • 11,346 SF
    • 1.84 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US90-1152669
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jianli Wang, ND / Alternative Medicine Practitioner / Acupuncturist
    • Janice Balla / Chiropractor
    • Pascal Chih-Chao Lee / Dentist
    • CM Heating / Furnace Repair Service / Heating Contractor
    • Lynnwood Dental Studio / Dentist / Dental Clinic

    Property Details for 5017 196Th St

    Year built
    1965
    Construction
    WOOD
    Lot size
    1.84 lot acres
    Property size
    11,346 SF
    Zone code
    B1
    Property type
    Office buildings
    APN
    501700002802
    APU
    501700002802

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.302
    Latitude
    47.8216
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,322
    $2,311,600
    $661,600
    $2,973,200
    -
    $2,311,600
    $661,600
    $2,973,200

    Comparable in this City

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    • Value Estimation by Request
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      19009 33rd W Ave

      PROFESSIONAL BUILDING • 24,203 SF
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      19505 52nd W Ave

      PROFESSIONAL BUILDING • 8,545 SF
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      7,380 SF

      21300 68th W Ave

      PROFESSIONAL BUILDING • 7,380 SF
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    • Value Estimation by Request
      7,816 SF

      20006 Cedar Vly Rd

      PROFESSIONAL BUILDING • 7,816 SF
      20006 Cedar Vly Rd, Lynnwood, WA 98036-6334
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    • Value Estimation by Request
      13,432 SF

      18908 Hwy 99

      PROFESSIONAL BUILDING • 13,432 SF
      18908 Hwy 99, Lynnwood, WA 98036-5218
      View Details

    Similar Nearby for Sale

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    • $11,000,000
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      Prime Commercial Property Near Lynnwood Link

      3.14 acres near Lynnwood Link Extension, great for redevelopment.
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    Similar Nearby for Lease

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      Retail, office, and warehouse spaces with high visibility.
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    • $24 SF/Yr
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    • Contact for pricing
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      Retail and office building with warehouse space near transit.
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      Prime Lynnwood Office Suites, Multiple Sizes Available
      19401 40Th Ave, Lynnwood, WA 98036
      View Details
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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
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