Financial
Distress signals
Property profile

16504 9Th Ave SE Mill Creek, WA 98012

FOR LEASE
Commercial land
Property ID
US90-0875265
1.24 ac lot
Last sale Mar 2019 · $5,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Creekside Professional Building is a commercial office property in Snohomish County constructed in 2001. The building encompasses 19,070 square feet and is configured to accommodate multiple tenants, with a current tenant mix focused on medical and professional services. The property is located between I-5 and the Bothell–Everett Highway, providing access to the surrounding regional area, and includes 80 dedicated parking stalls. The building’s leasing structure is on a triple-net (NNN)

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$143
Tax billed · 2023
Assessed value$16k
Assessed land$16k
Effective rate0.88%

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$225k
NOI build-up
Gross scheduled income$112k
Vacancy & credit loss−$15k
Operating expenses−$24k
NOI · 279,296.15% cap applied$73k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,945/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$443 – $3,665

Cap rate analysis

How does the asset earn?
279,296.15%
$73k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB
The purpose of this district is to implement the community business land use designation of the comprehensive plan by locating commercial...
General categoryCOMMERCIAL
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store21.4
Wholesale Shop19.9
Auto Repair Shop19.3

Location

16504 9Th Ave SE Mill Creek, WA 98012
County assessor Recorded deeds · 3 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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