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Property profile & analytics
OFF-MARKET
Estimated value
$6,530,000
Medical Office Space
6808 220th SW St, Mountlake Terrace, WA 98043-2187
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-1266841
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
31,791 SF
Lot
1.04 ac (45,302 SF)
Zoning code
P5
APN
27042900301100
UPID
US90-1266841
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
-
Eddie Garage Door Repair Hardware & Home Improvement Production Facility
-
Northwest Pain Management Associates PLLC Dr. Geoffrey L. Tyson, MD Physician
-
Bates Susan MD Physician Medical Clinic
-
Pacific Spine Care Physician
-
Tamara A. Dow, BS Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.16M
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$6.53M
Owner & transaction history
Mountlake Terrace City (wa) · 26 yrs held
Mountlake Terrace City (wa)
since 1999
5 recorded transactions
Zoning & alternative use
P5 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,760,000
6.5%
$7,160,000
7%
$6,650,000
Blend value · Realmo final
$6.53M
Range $5.88M – $7.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$205 / 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
$76,818
Tax year 2023
Assessed value
$10,756,300
Assessed 2023
Previous assessed
$10,181,000
+5.7% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,296,200
Assessed improvement
$9,460,100
Land market value
$1,296,200
Improvement market value
$9,460,100
Total market value
$10,756,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
3
Bathrooms
1
Total area
31,791 SF
Lot
1.04 ac (45,302 SF)
Zoning code
P5
APN
27042900301100
UPID
US90-1266841
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
P5 · Mountlake Terrace, WA
Zoning P5 · permitted uses
P5 · 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
2000
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Mountlake Terrace City (wa)
Entity
Mailing address
6808 220TH ST SW STE #300, MOUNTLAKE TERRACE, WA 98043-2187
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
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
Jan 18, 2017
—
220th Street Office Building LLC
—
Deed
related
$4,300,000 · Genworth Life Insurance Company
Oct 8, 1999
—
220th Street Office Building
—
Grant Deed
related
$3,580,000 · Us Bank
Sep 1, 1999
—
Mountlake Terrace City (wa)
220th Street LLC
Grant Deed
related
—
Feb 5, 1999
—
220th Street Office Bld INC
Zappone,philip J & Julie M
Quit Claim Deed
related
—
May 24, 1996
$300,000
Hilip J Zappone
Astor Sandling Estate
Grant Deed
$255,000 · Individual
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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