Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Stevens Development Opportunity Title is generated by Realmo AI

    8229 20th St SE, Lake Stevens, WA 98258

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    9,148 SF site near Highway 2 and 20th St SE.

    Type:LAND
    Lot size:
    0.21 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    28
    Last Refresh:
    May 8 at 3:28 am

    Property Features for 8229 20th St SE

    General Information

    Standard status
    Active
    Lot size
    0.21 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tej Asher
    Tej Asher

    Listing agent Tej Asher License #20111567

    Listing office First Western Properties, Inc.

    Listing date Apr 29, 2026

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of First Western Properties, Inc.

    HighLights

    • High‑visibility location at the gateway to Lake Stevens.
    • Development opportunity on a 9,148 SF site.
    • CD zoning supports professional, retail, or service‑oriented businesses.
    • Located near the intersection of Highway 2 and 20th St SE.
    • Caters to traffic entering Lake Stevens from Everett and surrounding areas.
    • Positioned in a high‑growth corridor.

    Overview

    This 9,148 SF site presents a development opportunity in Lake Stevens. Situated near the intersection of Highway 2 and 20th St SE, the location offers high visibility, serving as a gateway for traffic entering Lake Stevens from Everett and the surrounding region. The CD zoning supports a variety of professional, retail, or service-oriented uses, allowing businesses to capitalize on this high-growth corridor.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Stevens
    County
    Snohomish
    State
    Washington
    Longitude
    -122.1197262
    Latitude
    47.97844

    Nearby Similar for Sale

    • $350,000

      Lake Stevens Vacant Land Parcel

      Vacant mixed-use land parcel in rapidly expanding Lake Stevens.
      7304 20th Street SE, Lake Stevens, WA 98258
      View Details
    • $350,000

      Lake Stevens Vacant Land Parcel

      Vacant mixed-use land parcel in rapidly expanding Lake Stevens.
      7304 20th Street SE, Lake Stevens, WA 98258
      View Details
    • $3,150,000

      Lake Stevens Vacant Land Parcels

      Two prime commercial land parcels in rapidly growing Lake Stevens.
      14 and 26 99th Ave SE, Lake Stevens, WA 98258
      View Details
    • $3,150,000
      92,373 SF

      Lake Stevens Vacant Land Parcels

      Two prime commercial land parcels in rapidly growing Lake Stevens.
      14 and 26 99th Ave SE, Lake Stevens, WA 98258
      View Details
    • $575,000

      Lake Stevens Development Opportunity

      16,587 SF parcel zoned CD in Lake Stevens.
      1925 99th Ave SE, Lake Stevens, WA 98258
      View Details
    • $4,200,000

      Prime Commercial Land Opportunity

      3.77-acre commercial land with high visibility and flexible zoning.
      9615 S Lake Stevens Rd, Lake Stevens, WA
      View Details
    • $4,750,000
      11,550 SF

      NNN Leased Petco in Washington

      Single-tenant Petco in Lake Stevens with 10-year lease extension.
      9004 Vernon Rd, Lake Stevens, WA 98258
      View Details
    • $1,149,950
      43,560 SF

      Prime Commercial Land Opportunity

      One acre commercial land parcel in South Lake Stevens.
      2427 Lake Stevens Rd, Lake Stevens, WA 98258
      View Details
    • $1,300,000

      Prime Land in Lake Stevens

      1.38 acres of commercial land with high visibility and access.
      10520 20th St Se, Lake Stevens, WA, 98258-4744
      View Details
    • $510,000

      Prime Vacant Lot in Downtown

      Vacant lot in downtown Lake Stevens, zoned Neighborhood Business.
      12203 North Lakeshore Drive, Lake Stevens, WA 98258
      View Details
    • $500,000

      Lake Stevens Frontier Air Park

      39.08 acre lot in a gated aviation community.
      123 xx 123rd Avenue NE, Lake Stevens, WA 98258
      View Details
    • $1,149,950

      Prime Commercial Land Opportunity

      One-acre commercial land parcel in South Lake Stevens.
      2427 S Lake Stevens Rd, Lake Stevens, WA 98258
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9,148 SF site near Highway 2 and 20th St SE.
    Where is this commercial land located?
    The property is located at 8229 20th St SE Lake Stevens, WA.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: High‑visibility location at the gateway to Lake Stevens.; Development opportunity on a 9,148 SF site.; CD zoning supports professional, retail, or service‑oriented businesses.
    (425) 320-8834 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tej Asher
    Tej Asher
    Real Estate License ID: 20111567
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    8229 20th St SE, Lake Stevens, WA 98258
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!