19221 36Th AveLynnwood, WA 98036

  • Office properties
  • 22,991 SF
For Lease
$12.50/SF/YR View listing

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
19221 36Th Ave, Lynnwood, Washington

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

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
$36,637
$1,745,100
$3,077,000
$4,822,100
-
$1,745,100
$3,077,000
$4,822,100

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