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Property profile

5903 244th SW St Mountlake Terrace, WA 98043

OFF-MARKET
Office buildings
Property ID
US90-3094261
2,954 SF 0.16 ac lot Built 1964
Last sale Apr 2023 · $1,285,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is located at the gateway to Mountlake Terrace, just off Interstate 5, adjacent to the Gateway Development and the newly constructed Terrace Station area. It includes an existing two-story office building on level topography, situated on two tax parcels and configured for multiple tenants (nine tenants total), with abundant on-site parking and street frontage on three sides that supports visibility and access. The site is within zoning that allows future redevelopment for up to 18…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$867k
Assessed land$452k
Assessed improvement$416k
Effective rate0.75%

Value estimate

· Oct 2026
$1.35M
$1.21M – $1.48M
AI approach$1.49M
CAP approach$865k
Submarket $/SF estimate$1.02M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$357/SF
County average, outlier-cleaned · 197 recorded sales of this use type
Observed band · Q1–Q3$251 – $532

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
F/T
F/T district and SDD district is outlined in Chapters 19.20 through 19.105 MTMC (Land Use Regulations). The procedure for processing site...
General categoryMIXED_USE
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store10.3
Furniture Store9.8
Pawn Shop9.8

Location

5903 244th SW St Mountlake Terrace, WA 98043-5451
County assessor Recorded deeds · 6 transfers Qualifying 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 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23914 56th W, Mountlake Terrace, WA 98043-5263 $1,515,000 Jun 2019 5,083 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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