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    12404 Ml, Unit Spur Lake Stevens, WA

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    For Lease
    $31 SF/Yr ($1,872 /Mo)

    Elevated restaurant space with lake views and outdoor patio.

    Property size:
    725 SF
    Lot size:
    0.10 Acres

    Property Features for 12404 Ml

    General Information

    Size
    725 SF
    Lot size
    0.10 Acres

    Source: NAI Puget Sound Properties Agent Blake Stedman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Restaurant Opportunity

    This property offers an elevated restaurant opportunity with lakefront views. The available spaces include 725 square feet on the first floor and 1,648 square feet on the third floor. An additional outdoor patio is included. The property is in core and shell condition. The lease rate is $30 to $31 per square foot per year, NNN.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Lake Stevens
    County
    Snohomish
    State
    Washington
    Longitude
    -122.0637425
    Latitude
    48.015098

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    FAQs

    What type of property is this?
    Restaurant - Elevated restaurant space with lake views and outdoor patio.
    Where is this restaurant located?
    The property is located at 12404 Ml, Unit Spur Lake Stevens, WA.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: - Elevated restaurant opportunity with lakefront views; - Additional outdoor patio included; - Total square footage of 2,373 SF (725 SF on 1st floor and 1,648 SF on 3rd floor)
    (425) 652-1722
    Request Owner's contact information
    12404 Ml, Unit Spur Lake Stevens, WA
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12404 Ml, Unit Spur Lake Stevens, WA
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