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Property profile & analytics
OFF-MARKET
Retail space

18520 33rd W Ave Lynnwood, WA 98037-4726

39,153 SF 16.47 ac lot Built 1980
Entity Owned ~ Est. High Equity
Property ID
US90-0833155
Property summary
AI-generated overview

Alderwood Plaza offers exceptional retail and restaurant opportunities in Snohomish County. This 175,387 square foot strip center boasts a prime location directly across from Alderwood Mall, a major 1.5 million square foot regional shopping destination, and a Loews 16-screen cinema. The property benefits from strong anchor tenants such as HomeGoods, Guitar Center, Big 5 Sporting Goods, Ross Dress for Less, and Albert Lee Appliance, ensuring high foot traffic and brand recognition. A robust restaurant presence is already established with Red Robin, Buffalo Wild Wings, and 85°C Bakery Cafe. Three suites are currently available, ranging from a minimum of 1,050 square feet to a maximum contiguous space of 22,255 square feet. The property sits on a 16.71-acre lot and offers excellent visibility and accessibility. The center draws customers from a wide area, serving over 140,000 households within a 5-mile radius, boasting an average household income exceeding $153,000. Currently, 24,670 square feet of space is vacant, presenting a unique opportunity for businesses seeking high-visibility locations in a thriving retail environment. This is an ideal location for businesses seeking to capitalize on the strong demographics and established retail presence of this premier shopping destination.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1980
Construction TYPE NOT SPECIFIED
Total area 39,153 SF
Lot 16.47 ac (717,433 SF)
Zoning code PRC
APN 27041500101000
UPID US90-0833155
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
  • SKECHERS Warehouse Outlet Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Alderwood Plaza Shopping Center & Mall
  • Ross Dress for Less Clothing Store Department Store
  • Amazon Locker - Token Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
G&i Xi Wa Retail LLC
G&i Xi Wa Retail LLC
since 2025
Last sale
$54.0M
7 recorded transactions
2025
$54.0M
2025
Price N/A
2024
Price N/A
2016
$41.0M
2005
Price N/A
2003
$21.0M
2000
Price N/A
Zoning & alternative use
PRC · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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