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    19020 33Rd Ave W Lynnwood, WA 98036
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    Property profile & analytics

    19020 33Rd Ave W, Lynnwood, WA 98036

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    • Office buildings
    • 248,200 SF
    • 2.45 lot acres
    For Lease
    $28 SF/Yr
    View Listing →
    Lynnwood Office Space Available For Lease
    $28 SF/Yr

    Lynnwood Office Space Available

    Office units available for rent in Lynnwood, Washington.

    19020 33rd Ave W, Lynnwood, WA 98036
    View Listing
    Property ID
    US90-1183696
    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

    • Shawna Talley Loan Officer / Loan Service / Bank
    • Aecon Pacific Northwest / Construction Company / General Contractor
    • Atlas Mortgage Inc A Division of Pinnacle Capital Corp / Loan Service / Bank
    • Eddie Huynh | Movement Mortgage / Loan Service / Bank
    • Kathrin L. Ahl, M.D. / Physician / Medical Clinic

    Property Details for 19020 33Rd Ave W

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    2.45 lot acres
    Zone code
    BTP
    Property type
    Office buildings
    APN
    372600200401
    APU
    372600200401

    Description

    Redstone Corporate Center One offers exceptional executive office space for lease in Snohomish County. Currently, there are 40,298 square feet of vacant space available, perfect for businesses seeking flexible and modern office solutions. The available suites range in size from a comfortable 2,264 square feet to a substantial 9,693 square feet, providing options to accommodate various business needs and team sizes. This multi-tenant building presents a prime opportunity for companies looking to establish or expand their presence in a thriving business environment. The property is classified as an Executive Office building, suggesting high-quality finishes and amenities. The exact building size is not currently specified, but the significant amount of vacant space indicates a substantial building footprint. This location in Snohomish County offers easy access to key transportation routes and amenities, making it an attractive option for employees and clients alike. Interested parties are encouraged to inquire about lease terms and specific suite availability to find the perfect fit for their business requirements. The available space presents a unique opportunity to secure prime office space in a desirable location.

    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
    -122.279
    Latitude
    47.8259
    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
    $348,072
    $3,560,100
    $41,446,800
    $45,006,900
    -
    $3,560,100
    $41,446,800
    $45,006,900

    Comparable in this City

    • Value Estimation
      $6,405,000
      24,203 SF

      19009 33rd W Ave

      PROFESSIONAL BUILDING
      19009 33rd W Ave, Lynnwood, WA 98036-4717
      View Details
    • Value Estimation
      $2,205,000
      8,545 SF

      19505 52nd W Ave

      PROFESSIONAL BUILDING
      19505 52nd W Ave, Lynnwood, WA 98036-5409
      View Details
    • Value Estimation by Request
      7,380 SF

      21300 68th W Ave

      PROFESSIONAL BUILDING
      21300 68th W Ave, Lynnwood, WA 98036-7310
      View Details
    • Value Estimation
      $2,220,000
      7,816 SF

      20006 Cedar Vly Rd

      PROFESSIONAL BUILDING
      20006 Cedar Vly Rd, Lynnwood, WA 98036-6334
      View Details
    • Value Estimation
      $2,670,000
      13,432 SF

      18908 Hwy 99

      PROFESSIONAL BUILDING
      18908 Hwy 99, Lynnwood, WA 98036-5218
      View Details
    • Value Estimation
      $985,000
      2,740 SF

      5014 208th SW St

      PROFESSIONAL BUILDING
      5014 208th SW St, Lynnwood, WA 98036-7632
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Lynnwood Office Building Near Mall

      Office building in a business district near Alderwood Mall.
      18927 33Rd Ave W, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      17,832 SF

      Lynnwood Multi-Tenant Office Building

      Multi-tenant office building in Lynnwood with upside potential.
      19730 64Th Ave W, Lynnwood, WA 98036
      View Details
    • $3,000,000
      15,976 SF

      Lynnwood Value-Add Opportunity

      15,976 SF building near Lynnwood Light Rail Station.
      4720 200Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      9,530 SF

      Lake View Office Building

      9,530 SF office building with lake view for sale.
      20102 Cedar Valley Rd, Lynnwood, WA 98036
      View Details
    • $1,900,000
      6,466 SF

      Lynnwood Office Building For Sale

      Fully leased office building in Lynnwood with recent renovations.
      19910 50Th Ave W, Lynnwood, WA 98036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Classic Brick Office Building

      Multi-tenant office building in Lynnwood with upside potential.
      19730 64Th Ave W, Lynnwood, WA 98036
      View Details
    • Contact for pricing

      Corporate Office and Medical Facility

      High-image office/medical facility with access to I-5 and I-405.
      19401 40Th Ave W, Lynnwood, WA 98036
      View Details
    • Contact for pricing

      Class A Office Space

      Class A office space for rent in Lynnwood, WA.
      20700 44Th Ave W, Lynnwood, WA 98036
      View Details
    • $2,200 /Mo
      1,100 SF

      Lynnwood Retail/Office/Warehouse Space Available

      Mixed-use space with high visibility and traffic counts.
      5611 196Th St SW, Lynnwood, WA 98036
      View Details
    • $1,659 /Mo
      1,076 SF

      Lynnwood Commercial Space For Rent

      Commercial space with excellent access to I-5 and I-405.
      20818 44Th Ave W, Lynnwood, WA 98036
      View Details
    • $2,975 /Mo
      1,784 SF

      Lynnwood Office Space Available

      Office space for rent featuring private offices and open area.
      19221 36Th Ave W, Lynnwood, WA 98036
      View Details
    View Listing
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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.

    More about this property
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    19020 33Rd Ave W, Lynnwood, WA, 98036
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