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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Warehouses
5631 208th SW St Lynnwood, WA 98036-7513
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-0807627
Property summary
AI-generated overview
This exceptional 18,000-square-foot warehouse, located at 5631 208th St SW Suite B in Lynnwood, Washington, presents a significant opportunity for businesses seeking ample space in a prime location. The property is a single-tenant industrial building, offering complete flexibility and control. The warehouse boasts two dock-high doors and three drive-in doors, ensuring efficient loading and unloading of goods. This facilitates seamless operations for a variety of industrial uses. Situated in Snohomish County, with a 98036 zip code, this location provides convenient access to major transportation routes, streamlining logistics and distribution. The entire 18,000 square feet is currently vacant, ready for immediate occupancy. This presents a unique chance to customize the space to perfectly suit your operational needs. The property's address is 5631 208th St SW, Suite B, Lynnwood, WA. This is an ideal space for businesses requiring substantial storage, manufacturing, or distribution capabilities. Contact us today to schedule a viewing and explore the possibilities this warehouse offers.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
18,800 SF
Lot
1.63 ac (71,003 SF)
Zoning code
L7
APN
27042100305500
UPID
US90-0807627
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
-
cambell nissan everett Auto Repair Shop
-
Aqualine Pool & Spa inc. General Contractor
-
Turner Exhibits, Inc. Construction Company
-
Eagle Pipe Heating & Air HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.59M
Owner & transaction history
Vizcaya Holdings LLC · 13 yrs held
Vizcaya Holdings LLC
since 2013
4 recorded transactions
Zoning & alternative use
L7 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynnwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynnwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,939
Tax year 2023
Assessed value
$3,668,000
Assessed 2023
Previous assessed
$2,779,000
+32.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$2,196,700
Assessed improvement
$1,471,300
Land market value
$2,196,700
Improvement market value
$1,471,300
Total market value
$3,668,000
Applied tax rate
452.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
18,800 SF
Lot
1.63 ac (71,003 SF)
Zoning code
L7
APN
27042100305500
UPID
US90-0807627
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
L7 · Lynnwood, WA
Zoning L7 · permitted uses
L7 · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynnwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Vizcaya Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 772533, EAGLE RIVER, AK 99577-2533
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2016
—
Vizcaya Holdings LLC
—
Deed
related
$980,000 · Prime Pacific Bank NA
May 14, 2013
$843
Vizcaya Holdings LLC
Galvez,eduardo & Teresa
Quit Claim Deed
related
—
—
—
Eduarso F Galvez
—
Deed Of Trust
related
$1,200,000 · Prime Pacific Bank NA
—
—
Eduardo F Galvez
—
Deed Of Trust
related
$400,000 · Prime Pacific Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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