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Property profile & analytics
OFF-MARKET
Commercial land
21210 44th W Ave Mountlake Terrace, WA 98043-6521
Entity Owned
20-yr Hold
Free & Clear
Property ID
US90-1894214
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.47 ac (20,473 SF)
Zoning code
BC
APN
27042800100200
UPID
US90-1894214
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
-
44th Market Grocery & Convenience Store Food Market
-
Mutual Combat Sports and fitness Sports School Gym & Fitness Center
-
Teriyaki Garden Restaurant
-
Byrd Garage Door Repair LLC. Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mount Treasure LLC · 20 yrs held
Mount Treasure LLC
since 2005
5 recorded transactions
Zoning & alternative use
BC · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the community business (BC) zoning district is to provide for small commercial areas to serve surrounding local neighborhoods. These regulations are intended to encourage: (A) convenient services and retail for nearby residents; (B) local business viability; and (C) an attractive physical environment that is oriented to pedestrians, visible to…
Zone name
Community Business
General category
COMMERCIAL
Zone area
19.84 ac
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 Mountlake Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountlake Terrace 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,161
Tax year 2023
Assessed value
$714,200
Assessed 2023
Previous assessed
$632,800
+12.9% YoY
Effective rate
0.72%
On assessed value
Assessed land
$714,200
Land market value
$714,200
Total market value
$714,200
Applied tax rate
610.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.47 ac (20,473 SF)
Zoning code
BC
APN
27042800100200
UPID
US90-1894214
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BC · Mountlake Terrace, WAZoning BC · permitted uses
BC · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the community business (BC) zoning district is to provide for small commercial areas to serve surrounding local neighborhoods. These regulations are intended to encourage: (A) convenient services and retail for nearby residents; (B) local business viability; and (C) an attractive physical environment that is oriented to pedestrians, visible to customers, suitable for mixed uses, and sensitive to the residential character of nearby neighborhoods. ( Ord. 2476
Zone name
Community Business
General category
COMMERCIAL
Zone area
19.84 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.47 ac
Current owner
From public records · entity-resolved
Mount Treasure LLC
Entity
Free & Clear · 20 yrs held
Mailing address
2511 149TH PL SW, LYNNWOOD, WA 98087-6348
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2005
$1,180,000
Mount Treasure LLC
Csk Investment II INC
Warranty Deed
—
Feb 23, 1998
$500,000
Tae J Hong
Miller,kenneth E
Grant Deed
$448,500 · City Bank
—
—
Tae J Hong
—
Deed Of Trust
related
$30,000 · Individual
—
—
Tae J Hong
—
Deed Of Trust
related
$473,000 · Us Bank
—
—
Tea J Hong
—
Deed Of Trust
related
$25,994 · City 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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