Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    649 5Th St Mukilteo, WA 98275
    Back to Search
    Property profile & analytics

    649 5Th St Mukilteo, WA 98275

    View on Map
    • Retail space
    • 3,942 SF
    • 0.15 lot acres
    For Lease
    $500/Mo
    View Listing →
    Prime Office Space in Mukilteo For Lease
    $500/Mo
    282 SF

    Prime Office Space in Mukilteo

    Office space with Puget Sound views in historic Mukilteo.

    649 5th St, Mukilteo, WA
    View Listing
    Property ID
    US90-1313641
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,470,000
    Cap Rate Potential
    3.8%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Catrina Shaw-Sherman Real Estate Broker / Real Estate Agency
    • Express Air Inc / Corporate Office
    • Fred Baxter & Associates / Architect
    • Micki A Hazen, CPA PLLC / Accounting Firm / Tax Preparation
    • Nurturing Health Massage, LLC / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 649 5Th St

    Year built
    2001
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    3,942 SF
    Zone code
    Q2
    Property type
    Retail space
    APN
    459800600600
    APU
    459800600600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,475,000
      ML approach
      $1,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,181,000
      Market price range: $592k - $1.93M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,150,000
      Current use
      AUTO REPAIR, GARAGE
      $1,710,000
      Change: +49% Conversion: Difficult
      MEDICAL BUILDING
      $1,540,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $1,405,000
      Change: +22% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,195,000
      Change: +4% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,140,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mukilteo
    County
    Snohomish
    State
    Washington
    Longitude
    -122.303
    Latitude
    47.9445
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,376
    $340,400
    $960,600
    $1,301,000
    -
    $340,400
    $960,600
    $1,301,000

    Comparable in this City

    • Value Estimation
      $540,000
      2,850 SF

      11706 Mukilteo Speedway

      RETAIL STORES (PERSONAL SERVICES) • 2,850 SF
      11706 Mukilteo Speedway, Mukilteo, WA 98275-5431
      View Details
    • Value Estimation by Request
      2,800 SF

      12704 Mukilteo Speedway

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      12704 Mukilteo Speedway, Mukilteo, WA 98275-5720
      View Details
    • Value Estimation by Request
      2,400 SF

      12516 Evergreen Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      12516 Evergreen Dr, Mukilteo, WA 98275-5710
      View Details
    • Value Estimation
      $2,140,000
      15,486 SF

      10924 Mukilteo Speedway

      RETAIL STORES (PERSONAL SERVICES) • 15,486 SF
      10924 Mukilteo Speedway, Mukilteo, WA 98275-5022
      View Details
    • Value Estimation by Request
      1,336 SF

      610 5th St

      RETAIL STORES (PERSONAL SERVICES) • 1,336 SF
      610 5th St, Mukilteo, WA 98275-1504
      View Details
    • Value Estimation by Request
      0.70 Acres

      8221 Mukilteo Speedway

      RETAIL STORES (PERSONAL SERVICES) • 0.70 Acres
      8221 Mukilteo Speedway, Mukilteo, WA 98275-2920
      View Details

    Similar Nearby for Sale

    • $2,750,000
      196,020 SF

      Large Fenced Yard Near Boeing

      Fenced and gated asphalt yard suitable for parking or storage.
      4007 78Th St SW, Mukilteo, WA 98275
      View Details
    • $2,425,000
      9,872 SF

      Mukilteo Mixed-Use Property For Sale

      Well-located mixed-use property with high visibility and flexible zoning.
      8004 Mukilteo Speedway, Mukilteo, WA 98275
      View Details
    • Contact for pricing

      Industrial Property in Mukilteo

      Prime industrial and office investment opportunity in thriving Mukilteo Business Park.
      Mukilteo, WA 98275
      View Details
    • $3,000,000
      142,006 SF

      Land Near Speedway and Boeing

      3.26 acre property near freeway access and local amenities.
      Harbour Pl, Mukilteo, WA 98275
      View Details
    • Contact for pricing

      Move-In Ready Office/Flex Space

      Class A office/flex space with Puget Sound views.
      6500 Harbour Heights Pkwy, Mukilteo, WA 98275
      View Details
    • $1,900,000
      87,120 SF

      Everett Industrial Yard For Sale

      Industrial yard in established corridor with access to freight infrastructure.
      7901 40Th Ave W, Everett, WA 98275
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,159 SF

      Retail Space in Mukilteo, WA

      Retail space available for lease in Mukilteo, Washington.
      12502 Mukilteo Speedway, Mukilteo, WA 98275
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space with Corner Exposure

      Retail space with great exposure, currently built out as salon.
      12199 Village Center Pl, Mukilteo, WA 98275
      View Details
    • $20 SF/Yr
      2,579 SF

      Retail Space in Mukilteo, WA

      Retail space available for lease in Mukilteo, Washington.
      13024 Beverly Park Rd, Mukilteo, WA 98275
      View Details
    • Contact for pricing
      1,260 SF

      Retail Space Near Boeing

      Prime retail location near Boeing and Paine Field.
      10100 Mukilteo Speedway, Mukilteo, WA 98275
      View Details
    • Contact for pricing

      Retail/Office Space Near Paine Field

      Retail and office spaces with high visibility near Paine Field.
      12502 Mukilteo Speedway, Mukilteo, WA 98275
      View Details
    • $2,940 /Mo
      1,260 SF

      Retail Space on Mukilteo Speedway

      Prime retail location near Boeing and Paine Field.
      10100 Mukilteo Speedway, Mukilteo, WA 98275
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    649 5Th St
    Mukilteo, WA 98275
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    649 5Th St, Mukilteo, WA, 98275
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!