Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Office buildings
12003 Mukilteo Speedway Mukilteo, WA 98275-5733
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0801895
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1996
Construction
WOOD
Total area
8,950 SF
Lot
0.73 ac (31,799 SF)
Zoning code
LI
APN
820000000500
UPID
US90-0801895
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SAS Petroleum Inc. Gas Station
-
PACE America, Inc. Corporate Office
-
S & S Petroleum Inc Corporate Office
-
Harbour-Pointe Mortgage Loan Service Bank
-
Eye Level Learning Center Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.87M
Owner & transaction history
Ssa Real Estate Holdings LLC · 8 yrs held
Ssa Real Estate Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
LI · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+45.3%
Auto repair, garage
$3.9M
+21.7%
Apartment house (5+ units)
$3.7M
+16.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,835,000
6.5%
$2,615,000
7%
$2,430,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,190,000
Current use
RESTAURANT
$4,640,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,885,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$3,495,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,715,000
Change: -15% · Conversion: Easy
RETAIL STORES
$2,605,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,585,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$321 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,922
Tax year 2023
Assessed value
$2,006,000
Assessed 2023
Previous assessed
$1,714,400
+17.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$666,500
Assessed improvement
$1,339,500
Land market value
$666,500
Improvement market value
$1,339,500
Total market value
$2,006,000
Applied tax rate
2,310.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
8,950 SF
Lot
0.73 ac (31,799 SF)
Zoning code
LI
APN
820000000500
UPID
US90-0801895
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Mukilteo, WA
Zoning LI · permitted uses
LI · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Ssa Real Estate Holdings LLC
Entity
Mailing address
12003 MUKILTEO SPEEDWAY STE #101, MUKILTEO, WA 98275-5733
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
$1,785,000
Ssa Real Estate Holdings LLC
Ptft Mukilteo LLC
Warranty Deed
$1,338,750 · Coastal Community Bank
Jul 31, 2017
—
Ptft Mukilteo LLC
—
Trustees Deed
related
$600,000 · Edward Mizrahi
May 31, 2017
—
Ptft Mukilteo LLC
—
Trustees Deed
related
$1,100,000 · Edward Mizrahi
Aug 28, 2015
—
Ptft Mukilteo LLC
Hasson Family Trust
Warranty Deed
—
May 15, 2007
$2,570,000
Hasson Family Trust
Johnson,kevin R & Lucinda M
Warranty Deed
$1,530,000 · Genworth Life Insurance Co
May 7, 2007
—
Kevin R Johnson
Win-5 LLC
Quit Claim Deed
related
—
Oct 30, 1998
—
Win 5 LLC
—
Grant Deed
related
$975,000 · Interwest Bank
Apr 16, 1998
—
Win 5 LLC
—
Grant Deed
related
$40,657 · Interwest Bank
Jul 25, 1995
$130
Win-5 LLC
Johnson,kevin R & Lucinda M
Quit Claim Deed
related
—
Oct 28, 1993
$196,000
Kevin R Johnson
Harbour Pointe V
Grant Deed
—
Oct 28, 1993
$49,000
Mark A Sandler
Harbour Pointe V
Grant Deed
—
—
—
Win 5 LLC
—
Deed Of Trust
related
$50,000 · Pacific Northwest Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12003 Mukilteo Speedway?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
