19221 36Th AveLynnwood, WA 98036

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 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.

• 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 Income

  $7,098,301

  Hospitality / Lodging

  $6,502,006

  Institutional / Educational

  $5,409,592

  Healthcare / Senior Housing

  $5,595,636

  Retail / Commercial

  $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

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