12138 Mukilteo SpeedwayMukilteo, WA 98275

Property Details for 12138 Mukilteo Speedway

Year built

2005

Construction

CONCRETE

Lot size

2.53 AC

Property size (Sq ft)

32,376 SF

Zone code

LI

Property type

Office properties

Property subtype

Office buildings

APN

441200001800

APU

441200001800

Description

This three-story, 32,861 square foot medical office building, constructed in 2005, offers prime leasing opportunities in Snohomish County. Located on Mukilteo Speedway, the property boasts excellent visibility and accessibility. Five individual suites are currently available, ranging in size from 2,331 to 6,479 square feet, providing flexibility for various medical practices. Ample parking is provided for patients and staff. The building's exterior signage is negotiable, offering excellent branding opportunities. The strategic location offers convenient access to Paine Field and Harbour Pointe, while also benefiting from the proximity to a vibrant array of retail and restaurant amenities. This is an exceptional opportunity for medical professionals seeking a modern, well-located space to establish or expand their practice. The single building features multiple tenancies and presents a strong investment opportunity in a thriving area. The building's modern design and convenient location make it an ideal choice for medical practices seeking a high-profile presence in a desirable community. Interested parties should inquire about available suite sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $8,732,934

  6.5%

  $8,061,170

  7%

  $7,485,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,841,439

  Geo Method

  $6,234,970

• Alternative Use

  Use

  Valuation

  Residential

  $9,995,850

  Hospitality

  $9,156,145

  Educational

  $7,617,806

  Medical

  $7,879,794

  Retail

  $11,849,920

Location Insight

City

Mukilteo

County

Snohomish

State

Washington

Latitude

47.8873

Longitude

-122.284

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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