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Property profile & analytics
FOR SALE
Manufacturing properties

19420 21St Ave W Lynnwood, WA 98036

8,614 SF 1.06 ac lot Built 1930
Trust Owned 17-yr Hold ~ Est. High Equity
Property ID
US90-1036400
19420 21St Ave W, Lynnwood, WA 98036 For Sale
$2,500,000 8,614 SF
19420 21St Ave W, Lynnwood, WA 98036
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Property summary
AI-generated overview

This exceptional 10,614 square foot industrial/office property, located at 19420 21st Ave W in Lynnwood, Washington, presents a compelling investment opportunity. Built in 1930 and extensively renovated in 2000, the property sits on a 1.06-acre lot (APN: 00372800801904) and is zoned GC. The asking price is $2,500,000, translating to $235.54 per square foot. Its versatile design makes it suitable for a variety of uses, including warehouse distribution, industrial operations, retail ventures, or manufacturing. The property benefits from its strategic location, offering easy access to major transportation arteries such as I-5 and I-405, ensuring efficient logistics and convenient commutes. This prime commercial real estate in Lynnwood, WA (zip code 98036) is situated just off 196th St SW, providing excellent visibility and accessibility. The property's substantial size and adaptable layout offer significant potential for a wide range of businesses seeking a well-established and conveniently located space in Snohomish County. This is a rare opportunity to acquire a well-maintained and strategically positioned industrial/office property in a thriving market.

Property profile
Verified
Property type Manufacturing properties
Use group LUMBER & WOOD PRODUCT MFG
Year built 1930
Construction WOOD
Total area 8,614 SF
Lot 1.06 ac (46,174 SF)
Zoning code SA
APN 372800801904
UPID US90-1036400
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
by Request
Blend (final) Blend
$960k
Owner & transaction history
Olds Trust · 17 yrs held
Olds Trust
since 2008
5 recorded transactions
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SA · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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