19221 36Th AveLynnwood, WA 98036
- Office properties
- 22,991 SF
Property Details for 19221 36Th Ave
- Year built
- 1987
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.16 AC
- Property size (Sq ft)
- 22,991 SF
- Zone code
- L4
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 372600200601
- APU
- 372600200601
Description
Alderwood Business Campus, located at 19221 36th Ave W, Lynnwood, WA 98036, offers a prime opportunity for businesses seeking flexible office space in a thriving location. This two-story, six-building campus has recently undergone common area upgrades, ensuring a modern and professional environment. Five suites are currently available, ranging in size from 635 square feet to 5,758 square feet, catering to various business needs and scales. The campus boasts abundant parking, a significant advantage in a busy area. Its strategic location provides excellent access to major transportation arteries, including I-5 and I-405 freeways, minimizing commute times. Furthermore, the property is conveniently situated near the Lynnwood Transit Center and the new Link Light rail Station, offering multiple commuting options. The surrounding area is rich with amenities, including a variety of restaurants, financial institutions, the Lynnwood Convention Center, and the Alderwood Shopping Mall, providing employees with convenient access to services and leisure activities. Below-market sublease rates are currently available, with the option to execute a direct lease with the landlord. This presents a unique opportunity to secure high-quality office space at a competitive price point in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,201,473
- 6.5%
- $5,724,436
- 7%
- $5,315,548
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,988,650
- Geo Method
- $4,427,607
-
Alternative Use
- Use
- Valuation
- Residential
- $7,098,301
- Hospitality
- $6,502,006
- Educational
- $5,409,592
- Medical
- $5,595,636
- Retail
- $8,414,922
Location Insight
- City
- Lynnwood
- County
- Snohomish
- State
- Washington
- Latitude
- 47.8242
- Longitude
- -122.281
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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