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

    2707 192nd SW Pl Lynnwood, WA 98036

    • Commercial land
    • 2,144 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2022
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1171279
    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

    • Commercial land

    Property Details for 2707 192nd SW Pl

    Year built
    1964
    Lot size
    0.31 lot acres
    Property size
    2,144 SF
    Zone code
    MU
    Property type
    Commercial land
    APN
    560100000300
    APU
    560100000300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.27
    Latitude
    47.8243
    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
    $3,186
    $432,100
    $0.00
    $432,100
    -
    $432,100
    $0.00
    $432,100

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

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    • Value Estimation by Request
      0.07 Acres

      Lynnwood, WA 98036

      VACANT COMMERCIAL LAND • 0.07 Acres
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    • Value Estimation by Request
      0.04 Acres

      Lynnwood, WA 98036

      VACANT COMMERCIAL LAND • 0.04 Acres
      Lynnwood, WA 98036
      View Details
    • Value Estimation
      $22,000,000
      4.58 Acres

      19910 Poplar Way

      VACANT COMMERCIAL LAND • 1,038 SF
      19910 Poplar Way, Lynnwood, WA 98036-6940
      View Details
    • Value Estimation by Request
      0.29 Acres

      2716 192nd SW Pl

      VACANT COMMERCIAL LAND • 1,622 SF
      2716 192nd SW Pl, Lynnwood, WA 98036
      View Details
    • Value Estimation
      $3,110,000
      9.04 Acres

      4615 196th SW St

      VACANT COMMERCIAL LAND • 203,579 SF
      4615 196th SW St, Lynnwood, WA 98036-5561
      View Details

    Similar Nearby for Sale

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      Almost 1 acre of commercially zoned land for sale.
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      Prime Commercial Property Near Lynnwood Link

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      Prime Lynnwood Commercial Property

      1.5 acre commercial property with frontage on 196th St SW.
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    • $4,000,000
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      Lynnwood Land Acquisition Opportunity

      52,708 SF land in Lynnwood with significant development potential.
      5707 198Th St SW, Lynnwood, WA 98036
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      Commercial Land with Redevelopment Potential

      Land with excellent location, street presence, and parking.
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    Similar Nearby for Lease

    • $5,000 /Mo

      Pad Site For Lease

      Pad site for lease in College Mixed Use District.
      6808 196Th St SW, Lynnwood, WA 98036
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    • $23 SF/Yr
      73,073 SF

      Lynnwood Corporate Center Office Space

      Prime Lynnwood Office Suites, Multiple Sizes Available
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      11,419 SF

      Triton Court: Edmonds Retail/Office

      Prime Edmonds location, retail & office suites.
      19921 68Th Ave, Lynnwood, WA 98036
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    • Contact for pricing
      39,480 SF

      Lynnwood Retail Space For Lease

      Retail space available in high-traffic Lynnwood shopping center.
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    • $22 SF/Yr
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      Lynnwood Office Space Available

      Office space available for rent in Lynnwood, Washington.
      4100 194Th St SW, Lynnwood, WA 98036
      View Details
    • $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
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    2707 192nd SW Pl
    Lynnwood, WA 98036
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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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