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Property profile & analytics
FOR LEASE
Office buildings

2122 164Th St Southwest Lynnwood, WA 98087

24,798 SF 0.79 ac lot Built 2001
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US90-0899415
Property summary
AI-generated overview

This exceptional two-story office building in Lynnwood, WA, offers four available spaces ranging from 615 to 4,055 square feet. Located at 2122 164th St SW, 98087, this property boasts convenient access to I-5 and I-405 freeways, placing your business in a prime location. The building features a secure parking garage with a generous 3.0/1000 parking ratio, and the high-traffic area (25,722 vehicles daily on 164th St SW in 2022) ensures excellent visibility. Benefit from potential exterior signage opportunities to enhance your brand presence. The building is situated directly off the 164th St exit, adjacent to a park and ride, offering employees easy commuting options. The property benefits from local and responsive management and ownership. The lease rate is $17.75 per square foot per year, with estimated NNN expenses of $10.20 per square foot per year. There's even a possibility of including existing furniture in the lease. This is a fantastic opportunity for businesses seeking a well-located, functional, and secure office space in a thriving area. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2001
Construction TYPE NOT SPECIFIED
Total area 24,798 SF
Lot 0.79 ac (34,412 SF)
Zoning code SK
APN 372800100108
UPID US90-0899415
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
  • Axia Financial Financial Advisor
  • Ergometrics & Applied Personnel Research, Inc. Employment Agency Business Service Center
  • Washington Fair Plan Insurance Agency
  • C. Hudson Agency Insurance Agency
  • PROVAIL Employment Services - Snohomish County Satellite Office Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.99M
Owner & transaction history
Ergoproperties LLC · 12 yrs held
Ergoproperties LLC
since 2014
7 recorded transactions
2025
Price N/A
2021
Price N/A
2014
$2.3M
2011
$2.6M
2006
Price N/A
2006
$4.6M
1969
Price N/A
Zoning & alternative use
SK · 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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