Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8217-8229 44Th Ave Mukilteo, WA 98275
    Back to Search
    Property profile & analytics

    8217-8229 44Th Ave, Mukilteo, WA 98275

    View on Map
    • Warehouses
    • 108,661 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mukilteo Business Park / Business Service Center / Corporate Office

    Property Details for 8217-8229 44Th Ave

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional Mukilteo, WA business park offers a diverse range of office and warehouse spaces, ideal for businesses seeking flexible solutions. Located at 8217-8229 44th Ave W, 98275, this six-building complex boasts a total of 108,661 square feet situated on a spacious 10.2-acre lot in Snohomish County. The property is professionally managed under new ownership, ensuring a high standard of maintenance and operational efficiency. Multiple tenancy options are available, with spaces ranging from a minimum of 1,705 square feet to a maximum contiguous space of 7,311 square feet. Currently, 12,983 square feet of space is vacant and ready for immediate occupancy. The park's strategic location offers convenient access to a nearby retail corridor, Paine Field/Boeing, and the Mukilteo Ferry Dock, providing excellent connectivity and accessibility for employees and clients. Ample parking is provided on-site, adding to the overall convenience and appeal of this well-maintained business park. The property's diverse space options cater to a wide variety of business needs, from traditional office spaces to combined office/warehouse configurations, making it an attractive option for companies of all sizes. This is a rare opportunity to secure prime commercial real estate in a thriving Mukilteo location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mukilteo
    County
    Snohomish
    State
    Washington
    Longitude
    -122.292
    Latitude
    47.9231

    Comparable in this City

    • Value Estimation by Request
      125,282 SF

      4351/4440 Chennault Beach Rd

      Distribution properties
      4351/4440 Chennault Beach Rd, Mukilteo, WA 98275
      View Details
    • Value Estimation by Request
      3,600 SF

      12600 Evergreen Dr

      WAREHOUSE, STORAGE
      12600 Evergreen Dr, Mukilteo, WA 98275-5712
      View Details
    • Value Estimation by Request
      1,920 SF

      801 Mukilteo Ln

      WAREHOUSE, STORAGE
      801 Mukilteo Ln, Mukilteo, WA 98275
      View Details
    • Value Estimation by Request
      3,240 SF

      12308 Mukilteo Speedway

      MINI-WAREHOUSE, STORAGE
      12308 Mukilteo Speedway, Mukilteo, WA 98275-5732
      View Details
    • Value Estimation
      $3,830,000
      25,448 SF

      11629 49th W Pl

      WAREHOUSE, STORAGE
      11629 49th W Pl, Mukilteo, WA 98275-4255
      View Details
    • Value Estimation
      $2,930,000
      756 SF

      13102 Beverly Park Rd

      WAREHOUSE, STORAGE
      13102 Beverly Park Rd, Mukilteo, WA 98275
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Property in Mukilteo

      Prime industrial and office investment opportunity in thriving Mukilteo Business Park.
      Mukilteo, WA 98275
      View Details
    • $4,500,000
      16,182 SF

      Harbour Pointe Industrial Building

      High-image industrial building with office space and loading docks.
      10727 47Th Pl W, Mukilteo, WA 98275
      View Details
    • $2,750,000
      196,020 SF

      Large Fenced Yard Near Boeing

      Fenced and gated asphalt yard suitable for parking or storage.
      4007 78Th St SW, Mukilteo, WA 98275
      View Details
    • $1,799,000
      3,700 SF

      Mukilteo Mixed-Use Landmark Property

      Turnkey income property with panoramic views and established tenants.
      731 2Nd St, Mukilteo, WA 98275
      View Details
    • $2,425,000
      9,872 SF

      Mukilteo Mixed-Use Property For Sale

      Well-located mixed-use property with high visibility and flexible zoning.
      8004 Mukilteo Speedway, Mukilteo, WA 98275
      View Details
    • $5,950,000
      25,100 SF

      Manufacturing Building Near Boeing Everett

      Well-maintained manufacturing building near Boeing Everett and Paine Field.
      13008 Beverly Park Rd, Mukilteo, WA 98275
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,536 SF

      Industrial Space Near Boeing Field

      Industrial space with office and warehouse components for lease.
      7929 44Th Ave W, Mukilteo, WA 98275
      View Details
    • $53,197,452
      6,397 SF

      Mukilteo Flex Space Available

      Flex space with warehouse and office components available for lease.
      12521 Evergreen Dr, Mukilteo, WA 98275
      View Details
    • Contact for pricing
      16,431 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with office component available for lease.
      4301 78Th St SW, Mukilteo, WA 98275
      View Details
    • $4,243 /Mo
      3,536 SF

      Mukilteo Flex Space Available

      Flex space near Boeing and Paine Fields available for lease.
      7929 44Th Ave W, Mukilteo, WA 98275
      View Details
    • $7,675 /Mo
      5,685 SF

      Mukilteo Flex Space Available

      5,685 SF flex space with office and warehouse.
      12521 Evergreen Dr, Mukilteo, WA 98275
      View Details
    • Contact for pricing
      24,644 SF

      Mukilteo Warehouse with Flexible Layout

      Adaptable warehouse space available for lease in Mukilteo, Washington.
      8225 44Th Ave W, Mukilteo, WA 98275
      View Details
    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.
    8217-8229 44Th Ave
    Mukilteo, WA 98275
    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
    8217-8229 44Th Ave, Mukilteo, WA, 98275
    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!