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    2518 196th SW St Lynnwood, WA 98036-6970

    • Drug stores
    • 16,314 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-2711347
    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

    • Bartell Drugs / Pharmacy / Drug Store
    • Bartell Drugs Pharmacy / Pharmacy
    • Rite Aid Pharmacy / Pharmacy
    • Deirdre Gately / General Practitioner / Physician Assistant
    • Amazon Hub Locker - Everest / Mailing Service / E-Commerce Service

    Property Details for 2518 196th SW St

    Year built
    2015
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.77 lot acres
    Property size
    16,314 SF
    Property type
    Drug stores
    APN
    27042300211000
    APU
    27042300211000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.268
    Latitude
    47.8203
    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
    $32,636
    $1,293,300
    $3,070,700
    $4,364,000
    -
    $1,293,300
    $3,070,700
    $4,364,000

    Comparable in this City

    • Value Estimation by Request
      13,800 SF

      20725 Hwy 99

      DRUG STORE, PHARMACY • 13,800 SF
      20725 Hwy 99, Lynnwood, WA 98036-7454
      View Details
    • Value Estimation by Request
      14,224 SF

      19507 Hwy 99

      DRUG STORE, PHARMACY • 14,224 SF
      19507 Hwy 99, Lynnwood, WA 98036-5236
      View Details
    • Value Estimation
      $1,020,000
      3,200 SF

      20715 50th W Ave

      DRUG STORE, PHARMACY • 3,200 SF
      20715 50th W Ave, Lynnwood, WA 98036-7608
      View Details
    • Value Estimation by Request
      23,433 SF

      19515 44th W Ave

      RETAIL STORES (PERSONAL SERVICES) • 23,433 SF
      19515 44th W Ave, Lynnwood, WA 98036-5619
      View Details
    • Value Estimation by Request
      47,550 SF

      19225 Alderwood Mall Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 47,550 SF
      19225 Alderwood Mall Pkwy, Lynnwood, WA 98036-4870
      View Details
    • Value Estimation by Request
      30,050 SF

      Lynnwood, WA 98036

      GROCERY, SUPERMARKET • 30,050 SF
      Lynnwood, WA 98036
      View Details

    Similar Nearby for Sale

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      Prime Commercial Property Near Lynnwood Link

      3.14 acres near Lynnwood Link Extension, great for redevelopment.
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      8,400 SF

      Lynnwood Retail Center For Sale

      Three-tenant retail center with high visibility and traffic.
      6812-6820 196Th St SW, Lynnwood, WA 98036
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    • $3,200,000
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      Retail Property Near Highway 99

      Retail property with value-add opportunity near Lynnwood Light Rail.
      5116 196Th St SW, Lynnwood, WA 98036
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      Retail Property Near Alderwood Mall

      Retail property conveniently located near highways, transit, and Alderwood Mall.
      5105 200Th St SW, Lynnwood, WA 98036
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    Similar Nearby for Lease

    • $21 SF/Yr
      8,562 SF

      Retail Space in Lynnwood, WA

      Retail property available for lease in Lynnwood, Washington.
      4114 198Th St SW, Lynnwood, WA 98036
      View Details
    • $20 SF/Yr
      3,283 SF

      Retail/Office/Warehouse Space Available

      Retail, office, and warehouse spaces with high visibility.
      5611 196Th St SW, Lynnwood, WA 98036
      View Details
    • $19 SF/Yr
      2,180 SF

      Retail Space Available For Lease

      Former Chiropractic Office, suitable for service retail with good parking.
      6501 196Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      20,133 SF

      Retail/Office Building Near Light Rail

      Retail and office building with warehouse space near transit.
      19320 33Rd Ave W, Lynnwood, WA 98036
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    • 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
    • $38 SF/Yr
      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

    Property Visit Statistics

    • Visits by month
      46.4k
    • Visitors by month
      31.3k
    • Avg Time on site
      13 min
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    Lynnwood, WA 98036-6970
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    Realmo Value Estimation

    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.

    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.

    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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