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Property profile & analytics
FOR LEASE
Office buildings

19221 36Th Ave W Lynnwood, WA 98036

22,991 SF 1.16 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-1176881
Property summary
AI-generated overview

Alderwood Business Campus, located at 19221 36th Ave W, Lynnwood, WA 98036, offers a prime opportunity for businesses seeking flexible office space in a thriving location. This two-story, six-building campus has recently undergone common area upgrades, ensuring a modern and professional environment. Five suites are currently available, ranging in size from 635 square feet to 5,758 square feet, catering to various business needs and scales. The campus boasts abundant parking, a significant advantage in a busy area. Its strategic location provides excellent access to major transportation arteries, including I-5 and I-405 freeways, minimizing commute times. Furthermore, the property is conveniently situated near the Lynnwood Transit Center and the new Link Light rail Station, offering multiple commuting options. The surrounding area is rich with amenities, including a variety of restaurants, financial institutions, the Lynnwood Convention Center, and the Alderwood Shopping Mall, providing employees with convenient access to services and leisure activities. Below-market sublease rates are currently available, with the option to execute a direct lease with the landlord. This presents a unique opportunity to secure high-quality office space at a competitive price point in a desirable location.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1987
Construction TYPE NOT SPECIFIED
Total area 22,991 SF
Lot 1.16 ac (50,530 SF)
Zoning code L4
APN 372600200601
UPID US90-1176881
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
  • Judy Gratton | Edge Group Team | eXp Realty Real Estate Agency
  • Kathleen M. Matkoski, PHD Physician Medical Clinic
  • Longevity Medical Clinic Medical Clinic
  • Hands for Living Physician
  • Kari Ketner Physician
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
Rh Alderwood Bc Associates LLC · 3 yrs held
Rh Alderwood Bc Associates LLC
since 2022
Last sale
$27.1M
6 recorded transactions
2022
$27.1M
2014
$16.4M
2011
Price N/A
2003
Price N/A
1997
Price N/A
1991
$830,000
Zoning & alternative use
L4 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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