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Property profile & analytics
FOR SALE
Office buildings

20816 44Th Ave W Lynnwood, WA 98036

59,200 SF 3.33 ac lot Built 1990
Individually Owned Absentee Owner Free & Clear
Property ID
US90-1389867
20816 44Th Ave W, Lynnwood, WA 98036 For Sale
$9,800,000 59,200 SF
20816 44Th Ave W, Lynnwood, WA 98036
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Property summary
AI-generated overview

This exceptional investment opportunity presents a two-story, 59,219 square foot traditional office building located at 20816 44th Ave W, Lynnwood, WA 98036. The property, known as Northview Corporate Center Building C, sits on a 3.33-acre lot and features a multi-tenant occupancy with four credit-rated tenants under a NNN lease structure. The building offers ample parking with a ratio of 5 spaces per 1,000 square feet. This owner-user investment opportunity is priced at $13,800,000 and presents a value-add potential for the discerning investor. The property benefits from its strategic location in Lynnwood, a thriving urban center with easy access to a variety of amenities, including diverse dining, shopping, and entertainment options. Convenient access to public transportation, including bus routes and the new Link Light Rail, as well as major freeways (I-5 and I-405), further enhances its appeal. The property's APN is 27042100405200. There is no ground lease associated with this property. This is a single building offering a significant square footage in a highly desirable location. The building's prime location and strong tenant base make it an attractive investment prospect.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 59,200 SF
Lot 3.33 ac (145,055 SF)
Zoning code 42
APN 27042100405200
UPID US90-1389867
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
  • Lynnwood Business Licenses City Government Office
  • Northview Business Park Business Park
  • ChargePoint Charging Station Electric Vehicle Charging Station
  • DSHS Community Services - Region 2 Headquarters Association / Organization
  • Lynnwood Development & Business Services City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.31M
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.65M
Owner & transaction history
State Of Washington
State Of Washington
since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2020
Price N/A
2007
$8.7M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
42 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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