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    Property profile & analytics

    15906 18Th Pl Lynnwood, WA 98087

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1016223
    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

    • Commercial real estate

    Property Details for 15906 18Th Pl

    Property type
    Commercial real estate

    Description

    This exceptional 29,185 square foot commercial and residential land parcel presents a unique development opportunity in Lynnwood, Washington. Located at 15906 18th Pl W, 98087, this property boasts Urban Center zoning, offering significant flexibility for various projects. Its strategic location across from Ash Way Park and Ride and the planned future Light Rail Station ensures high visibility and accessibility. The site benefits from reduced parking requirements, streamlining the development process. Proximity to major transportation arteries, including I-5 and I-405 corridors, Paine Field Airport, Boeing, and Alderwood Mall, enhances its appeal to a wide range of potential uses. The asking price is $1,500,000. Currently utilized as a single-family rental, the property offers immediate income potential while awaiting redevelopment. The lease on the existing structure expires August 31, 2024, providing a clear timeline for future plans. This is an exceptional investment opportunity for developers, builders, and investors seeking a prime location in a thriving community. The property is situated in Snohomish County and offers significant potential for a variety of commercial and residential developments.

    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
    -122.2583285
    Latitude
    47.8541481

    Comparable in this City

    • Contact for pricing
      2.76 Acres

      Lynnwood Terrace Development Site

      Prime Highway 99 location, mixed-use potential.
      16100-15900 Highway 99, North Lynnwood, WA 98087
      View Details
    • Contact for pricing

      Highway-99 Development Site

      2.76-acre development site with flexible commercial zoning.
      15900-16100 Highway 99, Lynnwood, WA 98087
      View Details
    • $2,299,999
      55,321 SF

      Commercially Zoned Lot on Highway

      Commercially zoned 1.27 acre lot on Highway 99.
      15315 Highway 99, Lynnwood, WA 98087
      View Details
    • $2,080,000
      44,867 SF

      Residential Development Site For Sale

      Residential land suitable for townhome or lowrise apartment development.
      16126 Larch Way, Lynnwood, WA 98087
      View Details
    • $725,000

      Buildable Lot in Prime Location

      16,117 SF lot in Snohomish County, zoned MR.
      4130 148Th St, Lynnwood, WA 98087
      View Details
    • Contact for pricing

      Highway 99 Development Site

      2.76-acre development site with flexible commercial zoning.
      16100 Highway 99, Lynnwood, WA 98087
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.76 Acres

      Lynnwood Terrace Development Site

      Prime Highway 99 location, mixed-use potential.
      16100-15900 Highway 99, North Lynnwood, WA 98087
      View Details
    • Contact for pricing

      Highway-99 Development Site

      2.76-acre development site with flexible commercial zoning.
      15900-16100 Highway 99, Lynnwood, WA 98087
      View Details
    • $2,299,999
      55,321 SF

      Commercially Zoned Lot on Highway

      Commercially zoned 1.27 acre lot on Highway 99.
      15315 Highway 99, Lynnwood, WA 98087
      View Details
    • $2,080,000
      44,867 SF

      Residential Development Site For Sale

      Residential land suitable for townhome or lowrise apartment development.
      16126 Larch Way, Lynnwood, WA 98087
      View Details
    • $725,000

      Buildable Lot in Prime Location

      16,117 SF lot in Snohomish County, zoned MR.
      4130 148Th St, Lynnwood, WA 98087
      View Details
    • Contact for pricing

      Highway 99 Development Site

      2.76-acre development site with flexible commercial zoning.
      16100 Highway 99, Lynnwood, WA 98087
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Highwood Ridge Apartment with Garage

      Two-bedroom apartment in gated community with amenities and garage.
      15026 40Th Ave W, Lynnwood, WA 98087
      View Details
    • $1.35 SF/Yr
      57,778 SF

      Lynnwood Light Industrial Space Available

      9,586 SF light industrial space for lease in Lynnwood.
      12512 Beverly Park Rd, Lynnwood, WA 98087
      View Details
    • Contact for pricing
      978 SF

      Retail Space in Lynnwood, WA

      Retail space available for lease in Lynnwood, Washington.
      16006-16110 Ash Way, Lynnwood, WA 98087
      View Details
    • $20 SF/Yr
      2,052 SF

      Class A Office Building

      Professional office building with premier location and ample parking.
      1133 164Th St SW, Lynnwood, WA 98087
      View Details
    • $15 SF/Yr
      2,531 SF

      Retail Space on Highway 99

      Retail space available for lease on Highway 99.
      14920-14928 Highway 99, Lynnwood, WA 98087
      View Details
    • Contact for pricing
      49,453 SF

      Newberry Square Retail Space Available

      Lynnwood Retail: 3 Spaces, 842-1186 sq ft
      16108 Ash Way, Lynnwood, WA 98087
      View Details
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    15906 18Th Pl
    Lynnwood, WA 98087
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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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