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Property profile & analytics
FOR LEASE
Office buildings

5017 196Th St SW Lynnwood, WA 98036

11,346 SF 1.84 ac lot Built 1965
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-1152669
5017 196Th St SW, Lynnwood, WA 98036 For Lease
$3,025,000
5017 196Th St SW, Lynnwood, WA 98036
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Property summary
AI-generated overview

The Lynnwood Professional Center, located at 5017 196th St SW in Lynnwood, WA 98036, presents a compelling investment opportunity. This single-building, Class C office complex, built in 1965, offers a total of 13,089 square feet on a 1.84-acre lot. The property boasts 70 parking spaces, providing ample convenience for tenants and visitors. Currently, two suites are available for lease or sale. One suite offers 1,189 square feet of versatile space, ideal for medical professionals or various business services. A second, larger space of 1,811 square feet is also available in the basement, offering a "gray shell" condition with existing plumbing. Situated within Lynnwood's thriving commercial district, this property benefits from high visibility and convenient access to major transportation routes. The property is categorized as both Traditional Office and Medical Office space, making it suitable for a wide range of potential tenants. The property's location in Snohomish County, within the Lynnwood submarket, ensures strong potential for both occupancy and appreciation. This is an excellent opportunity to acquire a well-located commercial property in a growing area.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1965
Construction WOOD
Total area 11,346 SF
Lot 1.84 ac (80,150 SF)
Zoning code B1
APN 501700002802
UPID US90-1152669
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
  • Jianli Wang, ND Alternative Medicine Practice Acupuncture
  • Janice Balla Alternative Medicine Practice
  • Pascal Chih-Chao Lee Dental Office
  • CM Heating HVAC Service General Contractor
  • Lynnwood Dental Studio Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.32M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.03M
Owner & transaction history
Farland Holding LLC · 7 yrs held
Farland Holding LLC
since 2018
1 recorded transaction
2018
$2.5M
Zoning & alternative use
B1 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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