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Property profile & analytics
FOR LEASE
Retail space

12926 Mukilteo Speedway Lynnwood, WA 98087

11,550 SF 1.52 ac lot Built 1987
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US90-1280992
12926 Mukilteo Speedway, Lynnwood, WA 98087 For Lease
$25 SF/Yr 900 SF available
12926 Mukilteo Speedway, Lynnwood, WA 98087
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Property summary
AI-generated overview

Park Pointe Plaza, located at 12926 Mukilteo Speedway in Lynnwood, WA 98087, presents a prime retail opportunity. This single-story, 83,376 square foot strip center, built in 1987, sits on a 1.52-acre lot in Snohomish County. Currently, there is 900 square feet of vacant space available for lease, ideal for a variety of retail businesses. The property boasts a high-traffic location, making it an excellent choice for businesses seeking strong visibility and customer access. The building's single-story design offers convenient access and ample parking. The property's multiple tenancy structure provides a diverse and vibrant shopping environment. This established center offers a chance to establish or expand your business in a thriving community. The property's location in Lynnwood, Washington provides easy access to major transportation routes and a strong customer base. With its convenient location and available space, Park Pointe Plaza is an exceptional opportunity for retail businesses seeking a prominent presence in a busy commercial area. The property's size and location make it an attractive option for businesses looking to establish a strong foothold in the Lynnwood market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction WOOD
Total area 11,550 SF
Lot 1.52 ac (66,211 SF)
Zoning code SK
APN 568700100500
UPID US90-1280992
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
  • Desilu's Pet Boutique LLC Pet Grooming Service
  • Animal Surgery & Care Center Veterinary Clinic
  • Nielsen Insurance Agency Insurance Agency
  • Wells Fargo Bank Bank Loan Service
  • Niko Teriyaki Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.51M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.19M
Owner & transaction history
Rhw Mukilteo II LLC
Rhw Mukilteo II LLC
since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2016
Price N/A
2011
Price N/A
2011
Price N/A
2001
Price N/A
1991
$4.4M
Zoning & alternative use
SK · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.5M +7.9%
Warehouse, storage $3.3M +2.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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