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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12926 Mukilteo Speedway Lynnwood, WA 98087

    • Retail space
    • 11,550 SF
    • 1.52 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1280992
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 12926 Mukilteo Speedway

    Year built
    1987
    Construction
    WOOD
    Lot size
    1.52 lot acres
    Property size
    11,550 SF
    Zone code
    SK
    Property type
    Retail space
    APN
    568700100500
    APU
    568700100500

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,715,000
      6.5%
      $2,505,000
      7%
      $2,325,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,245,000
      Current use
      COMMERCIAL (GENERAL)
      $3,500,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,335,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.28
    Latitude
    47.8804
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,954
    $1,331,800
    $3,408,200
    $4,740,000
    -
    $1,331,800
    $3,408,200
    $4,740,000

    Comparable in this City

    • Value Estimation
      $850,000
      4,912 SF

      14928 Hwy 99

      RETAIL STORES (PERSONAL SERVICES) • 4,912 SF
      14928 Hwy 99, Lynnwood, WA 98087
      View Details
    • Value Estimation
      $1,615,000
      8,238 SF

      2820 164th SW St

      RETAIL STORES (PERSONAL SERVICES) • 8,238 SF
      2820 164th SW St, Lynnwood, WA 98087-3218
      View Details
    • Value Estimation
      $1,325,000
      6,131 SF

      2902 164th SW St

      RETAIL STORES (PERSONAL SERVICES) • 6,131 SF
      2902 164th SW St, Lynnwood, WA 98087-3201
      View Details
    • Value Estimation
      $2,085,000
      16,646 SF

      13624 Hwy 99

      RETAIL STORES (PERSONAL SERVICES) • 16,646 SF
      13624 Hwy 99, Lynnwood, WA 98087-1606
      View Details
    • Value Estimation
      $1,860,000
      12,222 SF

      14608 Hwy 99

      RETAIL STORES (PERSONAL SERVICES) • 12,222 SF
      14608 Hwy 99, Lynnwood, WA 98087-5500
      View Details
    • Value Estimation
      $670,000
      4,000 SF

      15526 Hwy 99

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      15526 Hwy 99, Lynnwood, WA 98087-2341
      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
    • $3,300,000
      23,743 SF

      Lynnwood Warehouse: Hwy 99 Exposure

      Prime industrial warehouse, high visibility.
      15615 Highway 99, Lynnwood, WA 98087
      View Details
    • $1,515,423

      Highway 99 Corner Lot

      30,927 SF lot with high traffic frontage on Highway 99.
      4425 164Th St SW, Lynnwood, WA 98087
      View Details
    • $3,300,000
      12,056 SF

      Retail, Showroom, and Warehouse Space

      Retail, showroom, and warehouse spaces available near Highway 99.
      15615 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

    Similar Nearby for Lease

    • 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
    • $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
    • $28 SF/Yr
      900 SF

      Retail Space in Lynnwood

      900 SF retail space available for lease.
      12926 Mukilteo Speedway, 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
    • $0.21 SF/Yr

      Gravel Yard/Parking Lot For Lease

      Graveled storage yard/parking lot with over 2 acres of usable area.
      3417-3429 132Nd St SW | Lynnwood, Lynnwood, WA 98087
      View Details
    • $0.21 SF/Yr

      Gravel Yard/Parking Lot for Lease

      Flat, graveled storage yard or parking lot with flexible lease terms.
      3417-3429 132Nd St SW, Lynnwood, WA 98087
      View Details
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    Lynnwood, WA 98087
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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