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    6306 202Nd St SW Lynnwood, WA 98036
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    Property profile & analytics

    6306 202Nd St SW, Lynnwood, WA 98036

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    • Manufacturing properties
    • 36,591 SF
    • 1.46 lot acres
    For Lease
    $15,796/Mo
    View Listing →
    Lynnwood Flex Space Available For Lease
    $15,796/Mo
    12,637 SF

    Lynnwood Flex Space Available

    Flex space featuring office and warehouse components for lease.

    6306 202nd St SW, Lynnwood, WA 98036
    View Listing
    Property ID
    US90-0756903
    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
    $19,745,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sea-Way Marine / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • Scott maas / Housing Complex

    Property Details for 6306 202Nd St SW

    Year built
    1981
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.46 lot acres
    Zone code
    L7
    Property type
    Manufacturing properties
    APN
    515400001314
    APU
    515400001314

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 27, 2022 — Evox Wa Lynnwood LLC — Deed · related $150M · Bmo Harris Bank NA
    Sep 2, 2022 — Evox Wa Lynn Wood LLC — Deed · related $200M · Bmo Harris Bank NA
    Jun 6, 2022 $19,800,000 Evox Wa Lynnwood LLC Smr Limited Liability Company Bargain And Sale Deed —
    May 10, 2022 — Smr Limited Liability Company Robert Linton Quit Claim Deed · related —
    Sep 24, 2003 — Smr LLC Linton,robert & Marlene Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $19,640,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $14,725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.319
    Latitude
    47.8152
    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
    $43,206
    $1,292,000
    $4,359,200
    $5,651,200
    -
    $1,292,000
    $4,359,200
    $5,651,200

    Comparable in this City

    • Value Estimation
      $1,345,000
      34,675 SF

      19210 33rd W Ave

      ASSEMBLY (LIGHT INDUSTRIAL)
      19210 33rd W Ave, Lynnwood, WA 98036-4749
      View Details
    • Value Estimation
      $785,000
      20,400 SF

      20621 52nd W Ave

      ASSEMBLY (LIGHT INDUSTRIAL)
      20621 52nd W Ave, Lynnwood, WA 98036-7611
      View Details
    • Value Estimation
      $19,745,000
      3,437 SF

      6324 202nd SW St

      ASSEMBLY (LIGHT INDUSTRIAL)
      6324 202nd SW St, Lynnwood, WA 98036-6065
      View Details
    • Value Estimation by Request
      12,480 SF

      20309 64th W Ave

      FOUNDRY, INDUSTRIAL PLANT
      20309 64th W Ave, Lynnwood, WA 98036
      View Details
    • Value Estimation by Request
      10,200 SF

      20623 52nd W Ave

      ASSEMBLY (LIGHT INDUSTRIAL)
      20623 52nd W Ave, Lynnwood, WA 98036
      View Details
    • Value Estimation
      $980,000
      18,986 SF

      2303 196th SW St

      ASSEMBLY (LIGHT INDUSTRIAL)
      2303 196th SW St, Lynnwood, WA 98036-7071
      View Details

    Similar Nearby for Sale

    • $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
      10,614 SF

      Adaptable Commercial Space Near I-5

      10,614 SF commercial property suitable for various business purposes.
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      28,738 SF

      Lynnwood Industrial Buildings For Sale

      Two industrial buildings totaling 28,738 SF on 1.54 acres.
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    • Contact for pricing

      Lynnwood Industrial Buildings For Sale

      Two industrial buildings totaling 28,738 RSF on 1.54 acres.
      20215 Cedar Valley Rd, Lynnwood, WA 98036
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      25,259 SF

      Highway 99 Commercial Buildings

      Two commercial buildings with showroom, offices, and service bays.
      20505-20515 Highway 99, Lynnwood, WA 98036
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    • $11,000,000
      28,560 SF

      Prime Commercial Property Near Lynnwood Link

      3.14 acres near Lynnwood Link Extension, great for redevelopment.
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    Similar Nearby for Lease

    • $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
    • $3,600 /Mo
      3,000 SF

      Industrial Space with Highway Access

      3,000 SF industrial space with easy highway access.
      5629 208Th St SW, Lynnwood, WA 98036
      View Details
    • $2,376 /Mo
      891 SF

      Lynnwood Flex Space Available

      Flex space featuring office and warehouse components in Lynnwood, Washington.
      19109 36Th Ave W, Lynnwood, WA 98036
      View Details
    • $11,333 /Mo
      8,000 SF

      Warehouse with Office and Showroom

      Colony Park warehouse space with office, showroom, and roll-up doors.
      19019 36Th Ave W, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      1,148 SF

      Lynnwood Warehouse Space Available

      Grade-level loading dead storage space in Lynnwood, Washington.
      6321 204Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      9,160 SF

      Lynnwood Warehouse with Office Space

      12,637 SF warehouse with office space for lease.
      6306-6327 202Nd St SW, Lynnwood, WA 98036
      View Details
    View Listing
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    Lynnwood, WA 98036
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    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
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    6306 202Nd St SW, Lynnwood, WA, 98036
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