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    12223 Mukilteo Speedway Mukilteo, WA 98087

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12223 Mukilteo Speedway

    Year built
    1957
    Property type
    Commercial real estate

    Description

    This unique 1,414 square foot property at 12223 Mukilteo Speedway in Mukilteo, WA, presents a rare opportunity for investors and entrepreneurs. Currently operating as a light industrial/office/retail space, this property offers significant flexibility. The existing 1,050 square foot house is in livable/rentable condition and is currently occupied by a month-to-month tenant generating $1,850 in monthly rental income. An attached 364 square foot garage provides additional space, easily adaptable for warehouse or office use. Ample parking is available on the site. The property sits on a 0-acre lot

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mukilteo
    County
    Snohomish
    State
    Washington
    Longitude
    -122.282
    Latitude
    47.887

    Comparable in this City

    • Value Estimation
      $370,000
      337 SF

      16303 Hwy 99th Ste 2b

      COMMERCIAL CONDOMINUIM • 337 SF
      16303 Hwy 99th Ste 2b, Lynnwood, WA 98087-1453
      View Details
    • Value Estimation by Request
      222 SF

      16303 Hwy 99th Ste 1a

      COMMERCIAL CONDOMINUIM • 222 SF
      16303 Hwy 99th Ste 1a, Lynnwood, WA 98087-1453
      View Details
    • Value Estimation
      $375,000
      792 SF

      16303 Hwy 99th Ste 1b

      COMMERCIAL CONDOMINUIM • 792 SF
      16303 Hwy 99th Ste 1b, Lynnwood, WA 98087-1453
      View Details
    • Value Estimation
      $445,000
      280 SF

      Lynnwood, WA 98087

      COMMERCIAL CONDOMINUIM • 280 SF
      Lynnwood, WA 98087
      View Details
    • Value Estimation by Request
      2.76 Acres

      16100-15900 Highway 99

      Multifamily properties • 120,225 SF
      16100-15900 Highway 99, North Lynnwood, WA 98087
      View Details
    • Value Estimation by Request

      15906 18Th Pl

      Land
      15906 18Th Pl, Lynnwood, WA 98087
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.76 Acres

      Lynnwood Terrace Development Site

      Prime Highway 99 location, mixed-use potential.
      16100-15900 Highway 99, North Lynnwood, WA 98087
      View Details
    • Contact for pricing

      Highway-99 Development Site

      2.76-acre development site with flexible commercial zoning.
      15900-16100 Highway 99, Lynnwood, WA 98087
      View Details
    • $2,299,999
      55,321 SF

      Commercially Zoned Lot on Highway

      Commercially zoned 1.27 acre lot on Highway 99.
      15315 Highway 99, Lynnwood, WA 98087
      View Details
    • $150,000

      Profitable Lynnwood Business Opportunity

      Established Food Business - Turnkey Operation
      11124 Bo Undisclosed, Lynnwood, WA 98087
      View Details
    • $2,080,000
      44,867 SF

      Residential Development Site For Sale

      Residential land suitable for townhome or lowrise apartment development.
      16126 Larch Way, Lynnwood, WA 98087
      View Details
    • $725,000

      Buildable Lot in Prime Location

      16,117 SF lot in Snohomish County, zoned MR.
      4130 148Th St, Lynnwood, WA 98087
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      57,778 SF

      Lynnwood Light Industrial Space Available

      9,586 SF light industrial space for lease in Lynnwood.
      12512 Beverly Park Rd, Lynnwood, WA 98087
      View Details
    • $2,100 /Mo

      Highwood Ridge Apartment with Garage

      Two-bedroom apartment in gated community with amenities and garage.
      15026 40Th Ave W, Lynnwood, WA 98087
      View Details
    • Contact for pricing
      978 SF

      Retail Space in Lynnwood, WA

      Retail space available for lease in Lynnwood, Washington.
      16006-16110 Ash Way, Lynnwood, WA 98087
      View Details
    • $20 SF/Yr
      2,052 SF

      Class A Office Building

      Professional office building with premier location and ample parking.
      1133 164Th St SW, Lynnwood, WA 98087
      View Details
    • $15 SF/Yr
      2,531 SF

      Retail Space on Highway 99

      Retail space available for lease on Highway 99.
      14920-14928 Highway 99, Lynnwood, WA 98087
      View Details
    • Contact for pricing
      49,453 SF

      Newberry Square Retail Space Available

      Lynnwood Retail: 3 Spaces, 842-1186 sq ft
      16108 Ash Way, Lynnwood, WA 98087
      View Details
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    Mukilteo, WA 98087
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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
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