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Property profile & analytics
OFF-MARKET Estimated value $530,000
Office buildings

22905 56th W Ave Mountlake Terrace, WA 98043-3925

2,200 SF 0.21 ac lot Built 1953
Entity Owned ~ Est. High Equity
Property ID
US90-1589630
Property summary
AI-generated overview

This exceptional 2,200 square foot medical office building presents a prime investment opportunity in Mountlake Terrace, Washington. Located at 22905 56th Ave W, 98043, within the Town Center Revitalization Zone, this single-tenant property enjoys high visibility on a major thoroughfare, ensuring excellent foot and vehicle traffic. Built in 1952 and renovated in 1972, the one-story building offers four spacious, open-concept exam rooms, perfectly suited for a variety of medical uses. Three additional flexible rooms provide further versatility, adaptable to various needs. The property includes seven dedicated parking spaces, supplemented by ample street parking. Pre-installed dental plumbing and electrical systems make this space immediately ready for dental practices or other medical services. The property is situated in Snohomish County and offers a convenient location for patients and staff alike. This standalone building represents a rare opportunity to acquire a well-maintained, functional medical office space in a thriving urban center. The property's location within the revitalization zone suggests strong potential for future appreciation. Seven parking spaces are available on-site.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1953
Construction WOOD
Total area 2,200 SF
Lot 0.21 ac (9,148 SF)
Zoning code P1
APN 521800000200
UPID US90-1589630
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
  • Helfrich Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
$645k
Comparable Approach Comparable
by Request
Blend (final) Blend
$530k
Owner & transaction history
City Of Mountlake Terrace
City Of Mountlake Terrace
since 2026
4 recorded transactions
2026
Price N/A
2006
$499,000
2001
$240,000
1969
Price N/A
Zoning & alternative use
P1 · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $860,000 +9.5%
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