Financial
Distress signals
Property profile

4001 198Th St SW Lynnwood, WA 98036

FOR LEASE
Retail space
Property ID
US90-0893976
20,580 SF 1.51 ac lot Built 1977
Last sale Jun 2024 · $9,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use space situated in a newer development in Lynnwood, positioned within the future “Town Square” area. It is laid out to accommodate cafe or service-oriented business uses. The site is located about one block from the Lynnwood Convention Center, with freeway access approximately one block to the east and proximity to Alderwood Mall. The City of Lynnwood has planned a Town Square Park adjacent to the site.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$4.17M
Assessed land$3.56M
Assessed improvement$602k
Effective rate0.76%

Value estimate

· Sep 2026
$9.50M
$8.55M – $10.45M
AI approach$9.50M
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$3k
Operating expenses−$10k
NOI · 43,102.63% cap applied$16k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$281/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$133 – $420
Qualifying comparables3

Cap rate analysis

How does the asset earn?
43,102.63%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
42
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility15.0
Electrical Service12.0
Convenience Store11.7

Location

4001 198Th St SW Lynnwood, WA 98036
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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