2821 Argonne Rd & 9012 Millwood, WA 99212
This exceptional Millwood, WA property presents a unique investment opportunity. Located at the highly visible, lighted intersection of N Argonne Rd and E Grace, this offering encompasses two parcels totaling 22,000 square feet of land zoned C-2 (City of Millwood). The property includes two buildings: a main house at 2821 N Argonne Rd, featuring approximately 1,044 square feet on the main level and a 750-square-foot unfinished basement; and a second building at 9012 E Grace, comprising approximately 702 square feet of converted office space and a 550-square-foot finished lower-level office. Additionally, a detached garage offers approximately 625 square feet, and a metal shop building provides 1,340 square feet of space with an additional 560 square feet of upper-level storage and office area. The combined square footage of the buildings ranges from 550 to 1,340 square feet, with an asking price of $750,000 ($34.09 per square foot). The property is currently vacant, offering flexibility for immediate occupancy or redevelopment. Its strategic location, approximately two blocks south of Trent Avenue, benefits from a high traffic count of 34,300 vehicles at the Trent and Argonne intersection. This property is ideal for owner-occupancy, redevelopment, or as an income-generating investment. The property is offered AS-IS.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.