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Financial
Distress signals
Property profile

4001 198Th St SW Lynnwood, WA 98036

FOR LEASE
Retail space
Property ID
US90-0893976
20,580 SF 1.51 ac lot Built 1977
Last sale Jun 2024 · $9,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use space located in a planned development in Lynnwood, in the area identified as the community’s future “Town Square.” It is configured for cafe or service-oriented business use. The site is positioned near the Lynnwood Convention Center, approximately one block away, and offers convenient access to major transportation routes, being about one block west of the freeway and within minutes of Alderwood Mall. The adjacent area includes planned development of a Town Square Park by the City of Lynnwood.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$4.17M
Assessed land$3.56M
Assessed improvement$602k
Effective rate0.76%

Value estimate

· Oct 2026
$9.50M
$8.55M – $10.45M
AI approach$9.50M
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$3k
Operating expenses−$10k
NOI · 43,102.63% cap applied$16k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$281/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$133 – $420
Qualifying comparables8

Cap rate analysis

How does the asset earn?
43,102.63%
$16k 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: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility15.0
Electrical Service12.0
Convenience Store11.7

Location

4001 198Th St SW Lynnwood, WA 98036
County assessor Recorded deeds · 6 transfers 8 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
3000 196th SW, Lynnwood, WA 98036-6926 $7,000,000 May 2025 13,440 SF
19620 Hwy 99, Lynnwood, WA 98036-5565 $44,100,000 Jul 2022 11,887 SF
2921 Alderwood Mall, Lynnwood, WA 98036-4737 $1,783,567 Apr 2021 10,184 SF
6501 196th SW, Lynnwood, WA 98036-5980 $1,203,370 Jan 2020 22,107 SF
2617 196th SW, Lynnwood, WA 98036-6962 $859,550 Dec 2019 38,870 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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