Log In/Sign Up
Your email has been sent.
Prime 1.5 Acre Lynnwood Commercial Property 4815-4829 196th St SW 12,054 SF 100% Leased Retail Building Lynnwood, WA 98036 $6,525,000 ($541.31/SF) 3.06% Cap Rate
Executive Summary
Prime 1.5 Acre Lynnwood Commercial Property now available for the first time in 70+ years! Features 250 feet of frontage on 196th St SW, just a few blocks to Lynnwood Transit Center. City has recently upzoned to PCD (Planned Commercial Development) which allows for Mixed-Use/Multi-Family Residential, including 5/2 Construction with ground-floor retail, and no height or parking restrictions. Short walk to Light Rail Station.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,054 SF
Building Class
C
Year Built
1964
Price
$6,525,000
Price Per SF
$541.31
Cap Rate
3.06%
NOI
$199,665
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.50 AC
Zoning
B1, Lynnwood - City has recently upzoned to PCD (Planned Commercial Development) which allows for Mixed-Use/Multi-Family Residential, including 5/2 Construction with
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 005017-000-017-04 | Total Assessment | $3,506,000 (2026) |
| Land Assessment | $3,030,300 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $475,700 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
005017-000-017-04
Land Assessment
$3,030,300 (2026)
Improvements Assessment
$475,700 (2026)
Total Assessment
$3,506,000 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
