Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3930 196th SW St Lynnwood, WA 98036-5733
    Back to Search
    Property profile & analytics

    3930 196th SW St, Lynnwood, WA 98036-5733

    View on Map
    • Automotive properties
    • 23,950 SF
    • 1.13 lot acres
    Off-Market
    Last Sale Jan 26, 2026
    $4,520,000
    Property ID
    US90-1301169
    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
    $3,810,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Josh Underhills Family Furniture / Furniture & Home Goods / Home Decor Store

    Property Details for 3930 196th SW St

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.13 lot acres
    Zone code
    42
    Property type
    Automotive properties
    APN
    372600701106
    APU
    372600701106

    Description

    This exceptional 23,950-square-foot storefront property, located at 3930 196th St SW in Lynnwood, Washington, 98036, presents a unique investment opportunity. Currently vacant, this two-story building, constructed in 1974, offers a flexible layout ideal for a variety of uses. The main floor features a spacious, open retail showroom area, perfect for showcasing products or creating a dynamic customer experience. An upper-level mezzanine, accessible via multiple stairwells and a hydraulic freight escalator, provides additional space, potentially for offices, storage, or expanded retail display. The mezzanine boasts a full ceiling height, maximizing usable area. The property's zoning allows for building heights up to 350 inches and floor area ratios (FARs) up to 10.0, suggesting significant potential for future high-density redevelopment. This presents a compelling opportunity for long-term growth and value appreciation. The seller will require a short-term leaseback post-closing. The asking price is $6,300,000. This prime Lynnwood location offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and forward-thinking developers. Don't miss this chance to acquire a substantial property with immense potential in a thriving Washington market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.287
    Latitude
    47.8205
    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
    $33,360
    $2,540,400
    $1,832,600
    $4,373,000
    -
    $2,540,400
    $1,832,600
    $4,373,000

    Comparable in this City

    • Value Estimation
      $625,000
      2.58 Acres

      Lynnwood, WA 98036

      VEHICLE SALES, RENTALS
      Lynnwood, WA 98036
      View Details
    • Value Estimation by Request
      7,850 SF

      4730 196th SW St

      VEHICLE SALES, RENTALS
      4730 196th SW St, Lynnwood, WA 98036-5517
      View Details
    • Value Estimation
      $1,250,000
      18,122 SF

      19909 40th W Ave

      VEHICLE SALES, RENTALS
      19909 40th W Ave, Lynnwood, WA 98036-6704
      View Details
    • Value Estimation by Request
      6,161 SF

      19332 60th W Ave

      VEHICLE SALES, RENTALS
      19332 60th W Ave, Lynnwood, WA 98036-5112
      View Details
    • Value Estimation
      $565,000
      7,080 SF

      20420 Hwy 99

      VEHICLE SALES, RENTALS
      20420 Hwy 99, Lynnwood, WA 98036-7450
      View Details
    • Value Estimation
      $2,355,000
      2,400 SF

      20907 Hwy 99

      VEHICLE SALES, RENTALS
      20907 Hwy 99, Lynnwood, WA 98036-7380
      View Details

    Similar Nearby for Sale

    • 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
    • $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
      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
      2,688 SF

      Highway Frontage Used Car Lot

      Well-located used car lot with highway frontage.
      18823 Highway 99, Lynnwood, WA 98036
      View Details
    • $4,022 /Mo
      1,270 SF

      Mixed-Use Space in Future Town Square

      Mixed-use space near Lynnwood Convention Center and future Town Square.
      4001 198Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      1,100 SF

      Retail/Office/Warehouse Space Available

      Retail, office, and warehouse spaces with high visibility.
      5611 196Th St SW, Lynnwood, WA 98036
      View Details
    • $2,200 /Mo
      1,100 SF

      Lynnwood Retail/Office/Warehouse Space Available

      Mixed-use space with high visibility and traffic counts.
      5611 196Th St SW, Lynnwood, WA 98036
      View Details
    • $1,659 /Mo
      1,076 SF

      Lynnwood Commercial Space For Rent

      Commercial space with excellent access to I-5 and I-405.
      20818 44Th Ave W, Lynnwood, WA 98036
      View Details
    • $1,300 /Mo
      780 SF

      Office Space Near Edmonds College

      Office spaces available in mixed-use building next to Edmonds College.
      19921 68Th Ave W, 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.
    3930 196th SW St
    Lynnwood, WA 98036-5733
    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
    3930 196th SW St, 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!