Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20715 50th W Ave Lynnwood, WA 98036-7608
    Property profile & analytics

    20715 50th W Ave, Lynnwood, WA 98036-7608

    View on Map
    • Drug stores
    • 3,200 SF
    • 0.48 lot acres
    Off-Market
    Last Sale Aug 5, 2020
    $826,135
    Property ID
    US90-1679862
    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
    $895,000
    Show details
    Cap Rate Potential
    4.2%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Proctor Sales Inc / Construction Company
    • Combustion & Control / Construction Company / General Contractor

    Property Details for 20715 50th W Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.48 lot acres
    Zone code
    LI
    Property type
    Drug stores
    APN
    619500001000
    APU
    619500001000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2024 — 50th Ave LLC — Deed · related $763k · Washington Trust Bank
    Aug 14, 2020 — 50th Ave LLC — Deed · related $412k · Jp Morgan Chase Bk
    Aug 5, 2020 $826,135 50th Ave LLC Tri Pac Bargain And Sale Deed $221k · Jpmorgan Chase Bank NA
    Dec 27, 2011 — Martin LLC II Tri Pac General Ptshp Quit Claim Deed · related —
    Aug 22, 1994 — Steam Vac Systems INC Halliday,elizabe Quit Claim Deed · related —
    — — Tri-pac General Partnership — Deed Of Trust · related $60k · First Interstate Bank Washingt
    — — 50th Ave LLC — Deed Of Trust · related $412k · Jp Morgan Chase Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,065,000
      ML approach
      $1,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $695,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $946,000
      Market price range: $427k - $1.34M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $900,000
      Current use
      MEDICAL BUILDING
      $1,250,000
      Change: +39% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $970,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $925,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3
    Latitude
    47.8109
    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
    $6,522
    $485,000
    $354,800
    $839,800
    -
    $485,000
    $354,800
    $839,800

    Comparable in this City

    • Value Estimation
      $2,390,000
      13,800 SF

      20725 Hwy 99

      DRUG STORE, PHARMACY
      20725 Hwy 99, Lynnwood, WA 98036-7454
      View Details
    • Value Estimation
      $2,455,000
      16,314 SF

      2518 196th SW St

      DRUG STORE, PHARMACY
      2518 196th SW St, Lynnwood, WA 98036-6970
      View Details
    • Value Estimation
      $2,705,000
      14,224 SF

      19507 Hwy 99

      DRUG STORE, PHARMACY
      19507 Hwy 99, Lynnwood, WA 98036-5236
      View Details
    • Value Estimation
      $4,540,000
      24,183 SF

      19500 Hwy 99

      RETAIL STORES (PERSONAL SERVICES)
      19500 Hwy 99, Lynnwood, WA 98036-5237
      View Details
    • Value Estimation
      $2,650,000
      22,270 SF

      19500 Hwy 99

      RETAIL STORES (PERSONAL SERVICES)
      19500 Hwy 99, Lynnwood, WA 98036-5237
      View Details
    • Value Estimation
      $1,900,000
      11,960 SF

      4210 196th SW St

      RETAIL STORES (PERSONAL SERVICES)
      4210 196th SW St, Lynnwood, WA 98036-6726
      View Details

    Similar Nearby for Sale

    • $11,000,000
      28,560 SF

      Prime Commercial Property Near Lynnwood Link

      3.14 acres near Lynnwood Link Extension, great for redevelopment.
      5026 196Th St SW, Lynnwood, WA 98036
      View Details
    • $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
      View Details
    • Contact for pricing

      Lynnwood Commercial Property For Sale

      Prime 1.5-acre commercial property with mixed-use potential near transit.
      4829 196Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      25,259 SF

      Highway 99 Commercial Buildings

      Two commercial buildings with showroom, offices, and service bays.
      20505-20515 Highway 99, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      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
    • $2,295,000
      8,400 SF

      Lynnwood Retail Center For Sale

      Three-tenant retail center with high visibility and traffic.
      6812 196Th St SW, Lynnwood, WA 98036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,794 SF

      Retail Center Near I-5, I-405

      Retail space in high-traffic area near major highways.
      19220 Alderwood Mall Pkwy, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      12,002 SF

      High Visibility Corner Retail Space

      Retail space available in high-traffic Lynnwood location.
      3611 196Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      2,021 SF

      Retail Space Near Alderwood Mall

      Retail space available in high-traffic Alderwood Towne Center.
      3105-3225 Alderwood Mall Blvd, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      8,250 SF

      Retail Space on Highway 99

      Retail space available for lease on Highway 99.
      20321 Highway 99, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      3,730 SF

      Retail Space in Downtown Lynnwood

      Retail space near I-5, Alderwood Mall, and future light rail.
      19505-19515 44Th Ave W, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      1,453 SF

      Retail Space in Mixed-Use Development

      Retail space in Lynnwood's future Town Square, near convention center.
      4001 198Th St SW, Lynnwood, WA 98036
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20715 50th W Ave
    Lynnwood, WA 98036-7608
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20715 50th W Ave, Lynnwood, WA, 98036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!