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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2027 196th St Swa Lynnwood, WA 98036-7073

    • Industrial properties
    • 26,864 SF
    OFF-MARKET
    Value Estimations
    $3,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1687377
    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.

    Current Use by Public Records

    • Mindful Mental and Behavioral Health PLLC / Crisis Center / Medical Clinic
    • Next Chapter Counseling / Counselor
    • Whitney Frank / Counselor
    • Lynnwood Lashes & Nails / Hair Salon / Nail Salon
    • Brazen and Bawdy Esthetics / Spa & Massage Center

    Property Details for 2027 196th St Swa

    Year built
    1986
    Construction
    TYPE NOT SPECIFIED
    Property size
    26,864 SF
    Property type
    Industrial properties
    APN
    1116200000100
    APU
    1116200000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,350,000
      6.5%
      $4,015,000
      7%
      $3,725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.261
    Latitude
    47.8212
    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
    $50,367
    $2,076,600
    $3,844,400
    $5,921,000
    -
    $2,076,600
    $3,844,400
    $5,921,000

    Comparable in this City

    • Value Estimation by Request
      59,445 SF

      2027-2031 196Th St

      Medical Office Space • 59,445 SF
      2027-2031 196Th St, Lynnwood, WA 98036
      View Details
    • Value Estimation
      $2,740,000
      20,204 SF

      5121 208th SW St

      INDUSTRIAL (GENERAL) • 20,204 SF
      5121 208th SW St, Lynnwood, WA 98036-7646
      View Details
    • Value Estimation
      $1,740,000
      14,752 SF

      6501 212th SW St

      INDUSTRIAL (GENERAL) • 14,752 SF
      6501 212th SW St, Lynnwood, WA 98036-7476
      View Details
    • Value Estimation
      $1,140,000
      9,829 SF

      19505 24th W Ave

      INDUSTRIAL (GENERAL) • 9,829 SF
      19505 24th W Ave, Brier, WA 98036-4849
      View Details
    • Value Estimation by Request
      1,476 SF

      20825 52nd W Ave

      CONSTRUCTION/CONTRACTING SERVICES • 1,476 SF
      20825 52nd W Ave, Lynnwood, WA 98036-7613
      View Details
    • Value Estimation
      $665,000
      4,813 SF

      21420 67th W Ave

      CONSTRUCTION/CONTRACTING SERVICES • 4,813 SF
      21420 67th W Ave, Lynnwood, WA 98036-7331
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lynnwood Industrial Buildings For Sale

      Two industrial buildings totaling 28,738 RSF on 1.54 acres.
      20215 Cedar Valley Rd, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      28,738 SF

      Lynnwood Industrial Buildings For Sale

      Two industrial buildings totaling 28,738 SF on 1.54 acres.
      20215-20217 Cedar Valley Rd, Lynnwood, WA 98036
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    • $2,500,000

      Adaptable Commercial Property Near I-5

      10,614 SF commercial property suitable for various business purposes.
      19420 21St Ave W, Lynnwood, WA 98036
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      10,614 SF

      Adaptable Commercial Space Near I-5

      10,614 SF commercial property suitable for various business purposes.
      19420 21St Ave W, Lynnwood, WA 98036
      View Details
    • $40,000
      1,075 SF

      Turnkey Selfie Studio in Lynnwood

      Profitable self-photo studio in a prime retail location.
      18910 28Th Ave W, Lynnwood, WA 98036
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    • $3,330,000
      15,976 SF

      Lynnwood Office Building Near Station

      15,976 SF office building near Lynnwood Light Rail Station.
      4720 200Th St SW, Lynnwood, WA 98036
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    Similar Nearby for Lease

    • Contact for pricing

      Lynnwood Industrial Property For Rent

      Industrial property available for rent in Lynnwood, Washington.
      5522 208Th St Southwest, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      1,747 SF

      Industrial Space Available for Rent

      1,747 SF industrial space for lease in Lynnwood, WA.
      6327 204Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      17,400 SF

      Lynnwood Freestanding Flex Building

      Freestanding flex building with office and warehouse space for lease.
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      6,240 SF

      Lynnwood Flex Space Available

      Flex space featuring offices, conference rooms, and break room.
      19203 36Th Ave W, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      1,729 SF

      Lynnwood Office/Warehouse Space Available

      Office and warehouse space in Lynnwood available for sublease.
      19109 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $31,450
      1,850 SF

      Industrial/Office Space Near Alderwood Mall

      Conveniently located industrial/office space with HVAC throughout.
      19019 36Th Ave W, Lynnwood, WA 98036
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.0k
    • Avg Time on site
      17 min
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    Lynnwood, WA 98036-7073
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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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