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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Parking lots & garages
23120 56th W Ave Mountlake Terrace, WA 98043
Entity Owned
Free & Clear
Property ID
US90-1277130
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,590 SF
Lot
2.14 ac (93,218 SF)
Zoning code
BC/D
APN
521900500600
UPID
US90-1277130
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
City Of Mountlake Terrace
City Of Mountlake Terrace
since 2026
7 recorded transactions
Zoning & alternative use
BC/D · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$72 / SF
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
$24,699
Tax year 2023
Assessed value
$3,457,400
Assessed 2023
Previous assessed
$2,784,900
+24.1% YoY
Effective rate
0.71%
On assessed value
Assessed land
$3,365,900
Assessed improvement
$91,500
Land market value
$3,365,900
Improvement market value
$91,500
Total market value
$3,457,400
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
NONE
Stories
1
Total area
27,590 SF
Lot
2.14 ac (93,218 SF)
Zoning code
BC/D
APN
521900500600
UPID
US90-1277130
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BC/D · Mountlake Terrace, WA
Zoning BC/D · permitted uses
BC/D · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountlake Terrace. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
2.14 ac
Current owner
From public records · entity-resolved
City Of Mountlake Terrace
Entity
Free & Clear · 0 yrs held
Mailing address
13401 NE BEL RED RD STE A7, BELLEVUE, WA 98005-2322
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$313
City Of Mountlake Terrace
23120 56th Ave LLC
Warranty Deed
—
Sep 18, 2018
$8,200,000
23120 56th Ave LLC
Mountlake Village LLC
Warranty Deed
—
Mar 23, 2017
$2,500,000
Mountlake Village LLC
Bottman,barbara A
Grant Deed
related
—
Oct 17, 2016
$2,500,000
Mountlake Terrace LLC
Bottman,barbara A
Warranty Deed
—
Nov 22, 1999
—
Roger J Bottman
—
Grant Deed
related
$875,000 · Interwest Bank
Sep 23, 1999
$1,250,000
Roger J Bottman
Supermarket Development Corp
Grant Deed
—
May 7, 1999
$160,000
Supermarket Development Corp
Saint Gervais LLC
Quit Claim Deed
related
—
May 7, 1999
$105,000
Carol Deane Trust
Realty & Equipment Corp
Trustees Deed
—
May 7, 1999
—
Saint Gervants LLC
Carol Deane Trustee
Trustees Deed
related
—
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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