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Property profile & analytics
OFF-MARKET Estimated value $1,595,000
Office buildings

17925 Hwy 99 Lynnwood, WA 98037-3668

8,563 SF 0.34 ac lot Built 1980
Entity Owned 28-yr Hold Free & Clear
Property ID
US90-0942671
Property summary
AI-generated overview

This exceptional business opportunity presents the chance to acquire a well-established pawn shop in Lynnwood, Washington. Located at 17925 Highway 99 Unit 101, this thriving business occupies a 1,900 square foot leased space, offering ample display, office, and secure storage areas. The current lease allows for potential expansion up to 3,800 square feet, providing significant room for growth. The business boasts a prime location with excellent parking, ensuring high visibility and accessibility for customers. The seller, who has successfully operated the pawn shop for over 20 years, is semi-retired and offers two weeks of free training to the new owner. The sale includes a substantial inventory valued at $50,000, encompassing a diverse range of items such as jewelry, electronics, and tools. Furthermore, the sale price includes $20,000 worth of furniture, fixtures, and equipment (FF&E), and $10,000 in leasehold improvements. Currently operating Monday through Friday from 10:00 AM to 5:00 PM, the pawn shop benefits from limited competition in the area. Opportunities for expansion include offering loans, increasing inventory, implementing e-commerce strategies, and extending business hours. This turnkey operation is priced at $100,000 and represents a compelling investment for aspiring business owners seeking a profitable and established enterprise.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1980
Construction TYPE NOT SPECIFIED
Total area 8,563 SF
Lot 0.34 ac (14,810 SF)
Zoning code L6
APN 374300100603
UPID US90-0942671
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Farmers Insurance - Jon Hood Insurance Agency
  • Jay's Pawn Discount Store (Bike/Boat/Book/etc) Store
  • Hood Insurance Agency, Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$997k
Blend (final) Blend
$1.60M
Owner & transaction history
Lynnwood City (wa) · 28 yrs held
Lynnwood City (wa)
since 1997
1 recorded transaction
1997
Price N/A
Zoning & alternative use
L6 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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