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    Property profile & analytics

    6501 196Th St SW Lynnwood, WA 98036

    • Retail space
    • 22,107 SF
    • 1.90 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimation
    $1,470,000
    Last Sale
    Jan 03, 2020
    $1,203,370
    Location Intelligence
    Property ID
    US90-0669023
    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.

    Current Use by Public Records

    • Y S Lee Martial Arts / Martial Arts School
    • Salon Celebrations / Beauty Salon / Beauty
    • Lifeplus Health Centers / Chiropractor / Wellness Program
    • Stephanie Kimball / Reflexologist / Massage Therapist
    • Speedy Signs / Sign Shop

    Property Details for 6501 196Th St SW

    Year built
    1979
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.90 lot acres
    Property size
    22,107 SF
    Zone code
    42
    Property type
    Retail space
    APN
    27041700400400
    APU
    27041700400400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,555,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,115,000
      6.5%
      $1,245,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,155,000
      Geo Method
      $1,290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,130,000
      Retail
      $1,235,000
      Mixed-Use
      $1,395,000
      Hospitality
      $1,090,000
      Educational
      $1,295,000
      Residential Income
      $1,350,000
      Energy
      $1,085,000
      Income-Based Land
      $1,295,000
      Food Service
      $1,125,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.321
    Latitude
    47.8222
    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
    $40,825
    $2,133,700
    $3,261,300
    $5,395,000
    -
    $2,133,700
    $3,261,300
    $5,395,000

    Comparable in this City

    • Value Estimation by Request
      23,433 SF

      19515 44th W Ave

      RETAIL STORES (PERSONAL SERVICES) • 23,433 SF
      19515 44th W Ave, Lynnwood, WA 98036-5619
      View Details
    • Value Estimation by Request
      47,550 SF

      19225 Alderwood Mall Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 47,550 SF
      19225 Alderwood Mall Pkwy, Lynnwood, WA 98036-4870
      View Details
    • Value Estimation by Request
      31,500 SF

      Lynnwood, WA 98036

      RETAIL STORES (PERSONAL SERVICES) • 31,500 SF
      Lynnwood, WA 98036
      View Details
    • Value Estimation by Request
      6,900 SF

      3925 196th SW St

      RETAIL STORES (PERSONAL SERVICES) • 6,900 SF
      3925 196th SW St, Lynnwood, WA 98036-5798
      View Details
    • Value Estimation by Request
      37,040 SF

      3115 196th SW St

      RETAIL STORES (PERSONAL SERVICES) • 37,040 SF
      3115 196th SW St, Lynnwood, WA 98036-6959
      View Details
    • Value Estimation by Request
      55,071 SF

      7500 196th SW St

      RETAIL STORES (PERSONAL SERVICES) • 55,071 SF
      7500 196th SW St, Lynnwood, WA 98036-5090
      View Details

    Similar Nearby for Sale

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      Prime Commercial Property Near Lynnwood Link

      3.14 acres near Lynnwood Link Extension, great for redevelopment.
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    • $2,295,000
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      Lynnwood Retail Center For Sale

      Three-tenant retail center with high visibility and traffic.
      6812-6820 196Th St SW, Lynnwood, WA 98036
      View Details
    • $2,495,000

      Retail Property Near Alderwood Mall

      Retail property conveniently located near highways, transit, and Alderwood Mall.
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      Retail Property Near Highway 99

      Retail property with value-add opportunity near Lynnwood Light Rail.
      5116 196Th St SW, Lynnwood, WA 98036
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    Similar Nearby for Lease

    • $20 SF/Yr
      3,283 SF

      Retail/Office/Warehouse Space Available

      Retail, office, and warehouse spaces with high visibility.
      5611 196Th St SW, Lynnwood, WA 98036
      View Details
    • $19 SF/Yr
      2,180 SF

      Retail Space Available For Lease

      Former Chiropractic Office, suitable for service retail with good parking.
      6501 196Th St SW, Lynnwood, WA 98036
      View Details
    • Contact for pricing
      20,133 SF

      Retail/Office Building Near Light Rail

      Retail and office building with warehouse space near transit.
      19320 33Rd Ave W, Lynnwood, WA 98036
      View Details
    • $21 SF/Yr
      8,562 SF

      Retail Space in Lynnwood, WA

      Retail property available for lease in Lynnwood, Washington.
      4114 198Th St SW, Lynnwood, WA 98036
      View Details
    • $38 SF/Yr
      1,453 SF

      Retail Space in Mixed-Use Development

      Retail space in Lynnwood's future Town Square, near convention center.
      4001 198Th St SW, Lynnwood, WA 98036
      View Details
    • $45 SF/Yr
      3,900 SF

      Retail Space on Highway 99

      Retail space available for rent on Highway 99.
      19709-19723 Highway 99, Lynnwood, WA 98036
      View Details
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    6501 196Th St SW
    Lynnwood, WA 98036
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    Realmo Value Estimation

    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.

    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.

    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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