20102 Cedar Valley Rd Lynnwood, WA 98036
For Sale
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This exceptional investment opportunity presents a two-story, Class B office building situated in Lynnwood, Washington. The property, known as CEDAR VALLEY OFFICE PARK, boasts a total of 9,530 square feet, with 8,481 square feet of net rentable space, currently at 60% occupancy. The asking price is $2,595,000, translating to $272.30 per square foot. Built in 1978, the single building comprises ten units and offers a desirable lake view. The property sits on nearly one acre and includes 45 parking spaces. Its convenient location offers easy access to amenities and is within a short distance of the future Lynnwood Light Rail Station (projected completion 2024), part of the Lynnwood Link extension. The property is zoned NC and features a Snohomish County APN of 00608400300202. The building's diverse subtypes, including executive, medical, and traditional office spaces, cater to a wide range of potential tenants, presenting strong owner-use opportunities alongside existing rental income. The address is 20102 Cedar Valley Rd, Lynnwood, WA 98036. This property offers a unique blend of lakefront appeal, convenient location, and substantial income potential.
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Perkins, Derdowski & Associates, PLLC Accounting Firm Tax Preparation
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Rodney R. Moody Attorney At Law Law Firm
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Sierra Zweig Counselor Marriage Or Relationship Counselor
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Sandra Tallar Counselor
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Beth Friedland Counselor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PUD · Lynnwood, WALynnwood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.