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    18910 28Th Ave W Lynnwood, WA 98036
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    Property profile & analytics

    18910 28Th Ave W Lynnwood, WA 98036

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    • Retail space
    • 11,470 SF
    • 0.63 lot acres
    For Lease
    $1,490,000
    View Listing →
    High Exposure Retail Shopping Center For Lease
    $1,490,000

    High Exposure Retail Shopping Center

    Retail shopping center with freeway visibility near Alderwood Mall.

    18910 - 18930 28th Ave W, Lynnwood, WA 98036
    View Listing
    Property ID
    US90-2505207
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home Alliance / Home Appliance Store
    • Spriggs Charles B DDS / Dental Office
    • Trujillo G DDS / Dental Office
    • Villa Insurance Group / Insurance Agency
    • Chop It Up Barbershop / Barber Shop

    Property Details for 18910 28Th Ave W

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.63 lot acres
    Property size
    11,470 SF
    Zone code
    LA
    Property type
    Retail space
    APN
    372600100207
    APU
    372600100207

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.271
    Latitude
    47.827
    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
    $17,090
    $878,400
    $1,382,700
    $2,261,100
    -
    $878,400
    $1,382,700
    $2,261,100

    Comparable in this City

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      6,048 SF

      4028 196th SW St

      RETAIL STORES (PERSONAL SERVICES) • 6,048 SF
      4028 196th SW St, Lynnwood, WA 98036-6770
      View Details
    • Value Estimation
      $4,100,000
      25,154 SF

      4926 196th SW St

      RETAIL STORES (PERSONAL SERVICES) • 25,154 SF
      4926 196th SW St, Lynnwood, WA 98036-6405
      View Details
    • Value Estimation
      $2,900,000
      26,188 SF

      18811 28th W Ave

      RETAIL STORES (PERSONAL SERVICES) • 26,188 SF
      18811 28th W Ave, Lynnwood, WA 98036-4709
      View Details
    • Value Estimation
      $905,000
      7,456 SF

      19312 60th W Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,456 SF
      19312 60th W Ave, Lynnwood, WA 98036-5103
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    • Value Estimation
      $1,115,000
      5,712 SF

      19716 Hwy 99

      RETAIL STORES (PERSONAL SERVICES) • 5,712 SF
      19716 Hwy 99, Lynnwood, WA 98036
      View Details
    • Value Estimation
      $1,305,000
      22,107 SF

      6501 196th SW St

      RETAIL STORES (PERSONAL SERVICES) • 22,107 SF
      6501 196th SW St, Lynnwood, WA 98036-5980
      View Details

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    • Contact for pricing
      2,112 SF

      Remodeled Mixed-Use Building in Lynnwood

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      Adaptable Commercial Property Near I-5

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      Lynnwood Commercial Property For Sale

      Prime 1.5-acre commercial property with mixed-use potential near transit.
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      10,614 SF

      Adaptable Commercial Space Near I-5

      10,614 SF commercial property suitable for various business purposes.
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      Remodeled Mixed-Use Building in Lynnwood

      Remodeled mixed-use building in a fast-growing commercial hub.
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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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      1,200 SF

      Retail Space in Lynnwood, WA

      Retail property available for lease in Lynnwood, Washington.
      4114 198Th St SW, Lynnwood, WA 98036
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      1,100 SF

      Retail/Office/Warehouse Space Available

      Retail, office, and warehouse spaces with high visibility.
      5611 196Th St SW, Lynnwood, WA 98036
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      8,250 SF

      Retail Space on Highway 99

      Retail space available for lease on Highway 99.
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      1,231 SF

      Retail Space in Mixed-Use Development

      Retail space in Lynnwood's future Town Square, near convention center.
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      1,605 SF

      Retail Space on Highway 99

      Retail space available for rent on Highway 99.
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    • Contact for pricing
      3,730 SF

      Retail Space in Downtown Lynnwood

      Retail space near I-5, Alderwood Mall, and future light rail.
      19505-19515 44Th Ave W, Lynnwood, WA 98036
      View Details
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    Lynnwood, WA 98036
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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