Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6912 220Th St SW Mountlake Terrace, WA 98043

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,776 /Mo ($12 SF/Yr)

    Office space for rent with convenient highway access and parking.

    Property size:
    2,776 SF
    Lot size:
    2,776 SF

    Property Features for 6912 220Th St SW

    General Information

    Standard status
    Active
    Size
    2,776 SF

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Richard Peterson
    Richard Peterson
    Source: Corcoran

    Listing Agency: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Listing Agent: Richard Peterson

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

    Learn more

    Overview

    Mountlake Terrace Office Space Available

    This three-story office building, professionally managed with local ownership, offers 2776 square feet of space for rent. The property has undergone recent major building upgrades. Lobbies are located on both the first and second floors. Ample parking is available. Fiber internet is accessible. The location provides convenient access to I-5 and Highway 99.
    Location Intelligence

    Current Use by Public Records

    Elizabeth Brewer Physician CCER Association Or Organization Christina Natale, DPT Physician DispatchHealth Urgent Medical ... Medical Laboratory Hall Creek Office ... Business Service Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mountlake Terrace
    County
    Snohomish
    State
    Washington
    Longitude
    -122.326345
    Latitude
    47.7984621

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Redstone Corporate Center

      Flexible workspace in West Loop 200 S. Wacker
      6100 219Th St, Mountlake Terrace, WA 98043
      View Details
    • $12 SF/Yr
      9,741 SF

      Mountlake Terrace Office Space Available

      Three-story office building with recent upgrades and ample parking.
      6912 220Th St SW, Mountlake Terrace, WA 98043
      View Details
    • $3,200 /Mo
      1,200 SF

      Mountlake Terrace Retail Space Available

      1,200 SF retail space available for rent.
      22803 44Th Ave W, Mountlake Terrace, WA 98043
      View Details
    • $7,307 /Mo
      3,309 SF

      Class A Office Space Available

      High-quality office space with recent upgrades and ample parking.
      6100 219Th St SW, Mountlake Terrace, WA 98043
      View Details
    • $1,234 /Mo
      673 SF

      New Retail Space Available

      Small retail space in a new mixed-use building.
      23505 56Th Ave W, Mountlake Terrace, WA 98043
      View Details
    • $15 SF/Yr
      3,244 SF

      Mountlake Terrace Office Space Available

      Office space available for lease in Mountlake Terrace, WA.
      6405 218Th St SW, Mountlake Terrace, WA 98043
      View Details
    • $8,355 /Mo
      557 SF

      Mountlake Terrace Office Space Available

      Office unit available for lease in Mountlake Terrace, WA.
      6405 218Th St SW, Mountlake Terrace, WA 98043
      View Details
    • $1,736 /Mo
      1,157 SF

      Mountlake Terrace Commercial Space

      Commercial space available for lease in Mountlake Terrace, WA.
      6405 218Th St SW, Mountlake Terrace, WA 98043
      View Details
    • $12,685 /Mo
      6,089 SF

      Former Fitness Space Available

      6,089 SF end cap space, formerly a fitness center.
      22803 44Th Ave W, Mountlake Terrace, WA 98043
      View Details
    • Contact for pricing
      890 SF

      Mountlake Terrace Office Space Available

      Office space for rent in Mountlake Terrace, Washington.
      21905 64Th Ave W, Mountlake Terrace, WA 98043
      View Details
    • Contact for pricing
      1,271 SF

      Retail Space Near Light Rail

      Mixed-use retail spaces available near Terrace Station Light Rail.
      24015 Van Ry Blvd, Mountlake Terrace, WA
      View Details
    • Contact for pricing
      4,500 SF

      Mountlake Terrace Warehouse Space Available

      4,500 SF warehouse space for lease in Mountlake Terrace.
      6306 215Th St SW, Mountlake Terrace, WA 98043
      View Details

    FAQs

    What type of property is this?
    Office building - Office space for rent with convenient highway access and parking.
    Where is this office building located?
    The property is located at 6912 220Th St SW Mountlake Terrace, WA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Conveniently located near I-5 and Highway 99; - Recent major building upgrades; - Ample parking available
    (425) 260-4439
    Request Owner's contact information
    6912 220Th St SW Mountlake Terrace, WA 98043
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6912 220Th St SW
    Mountlake Terrace, WA 98043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6912 220Th St SW Mountlake Terrace, WA 98043
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Peterson
    Richard Peterson
    (425) 260-4439 (425) 454-4242 (206) 773-2677
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!