17414 Wa-527 Mill Creek, WA 98012
This exceptional 3.6-acre commercial land parcel, located at 17414 WA-527 in Mill Creek, Washington (zip code 98012, APN 27050700401300), presents a compelling investment opportunity. Currently zoned for Business & Industrial Park use, this fully entitled and permit-ready site offers significant potential. Previously occupied by a nursery, the property boasts excellent visibility and convenient access from WA-527, featuring two access points. A proposed plan outlines a three-story storage facility, addressing the undersupply of modern, climate-controlled storage in the Mill Creek area. The site's zoning allows for a range of commercial uses, including manufacturing, product assembly, wholesale sales, professional and business offices, healthcare facilities, and public facilities. While limited retail may be permitted to serve on-site tenants, the primary focus is on larger-scale commercial development. The absence of existing buildings or current income streams allows for complete customization and development according to the buyer's vision. This prime location in desirable Mill Creek offers a unique chance to capitalize on the area's growth and demand for commercial space. The asking price for this exceptional property is $3,600,000.
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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.