4211 Alderwood Mall BlvdLynnwood, WA 98036

Property Details for 4211 Alderwood Mall Blvd

Year built

1985

Construction

STEEL FRAME

Lot size

1.32 AC

Property size (Sq ft)

21,840 SF

Zone code

CC-C

Property type

Office properties

Property subtype

Office buildings

APN

372600701900

APU

372600701900

Description

This exceptional executive office space, located at 4211 Alderwood Mall Blvd in Lynnwood, WA 98036, offers a prime opportunity for businesses seeking a convenient and efficient workspace. The property, 4211 Corporate Center, is a Class C building constructed in 1985, featuring a single two-story structure encompassing 21,838 square feet situated on a 1.32-acre lot. Currently, there are multiple tenancies available, with a minimum divisible space of 1,009 square feet and a maximum contiguous space of 1,342 square feet. A total of 2,351 square feet is currently vacant. The building is zoned CC-C and is conveniently located near the intersection of Alderwood Mall Blvd and 44th Ave W, providing easy access to I-5, Hwy 99, and I-405. While the building does not offer elevators, it does include four parking spaces. One available suite features an open floor plan, three private offices, and a reception area. The submarket is CBA Lynnwood, within Snohomish County. This is an excellent opportunity for businesses seeking a well-located, flexible office space in a thriving area. Note that a current tenant is offering a six-month rent contribution for a suitable subtenant.

• CAP approach

  CAP return

  Valuation

  6%

  $5,891,008

  6.5%

  $5,437,854

  7%

  $5,049,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,638,776

  Geo Method

  $4,205,947

• Alternative Use

  Use

  Valuation

  Residential

  $6,742,938

  Hospitality

  $6,176,496

  Educational

  $5,138,772

  Medical

  $5,315,502

  Retail

  $7,993,644

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8179

Longitude

-122.29

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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