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Property profile & analytics
OFF-MARKET Estimated value $3,810,000
Automotive properties

3930 196th SW St Lynnwood, WA 98036-5733

23,950 SF 1.13 ac lot Built 1974
Entity Owned ~ Est. High Equity
Property ID
US90-1301169
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 23,950 SF
Lot 1.13 ac (49,223 SF)
Zoning code 42
APN 372600701106
UPID US90-1301169
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
  • Josh Underhills Family Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.81M
Owner & transaction history
Ballard Lynnwood LLC
Ballard Lynnwood LLC
since 2026
Last sale
$4.5M
5 recorded transactions
2026
$4.5M
2018
Price N/A
2008
Price N/A
2008
$3.0M
1974
Price N/A
Zoning & alternative use
42 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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