Financial
Distress signals
Property profile

6912 220Th St SW Mountlake Terrace, WA 98043

FOR LEASE
Office buildings
Property ID
US90-1439218
26,624 SF 1.34 ac lot Built 1985
Last sale Nov 2017 · $6,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This three-story office building is located in Mountlake Terrace, Washington, and contains 9,741 square feet of office space. The building includes lobby areas on both the first and second floors and is equipped with access to fiber internet. Parking is available for tenants and visitors. The property has undergone recent major upgrades. It is positioned with convenient access to I-5 and Highway 99.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$62k
Tax billed · 2023
Assessed value$8.74M
Assessed land$1.79M
Assessed improvement$6.94M
Effective rate0.71%

Value estimate

· Sep 2026
$5.77M
$5.19M – $6.34M
CAP approach$7.78M
Sales comparison$4.02M
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$10k
Operating expenses−$16k
NOI · 412,033.33% cap applied$49k

Realmo valuation models over county records and 3 qualifying comparable sales.

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
Qualifying comparables3

Cap rate analysis

How does the asset earn?
412,033.33%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI/OP
LI/OP) district lying north of 220th Street Southwest, as depicted on the Official Zoning Map as "S.O.A.B.", in addition to the zoning re...
General categoryINDUSTRIAL
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 Store15.8
Realty agency15.3
Storage Facility13.9

Location

6912 220Th St SW Mountlake Terrace, WA 98043
County assessor Recorded deeds · 8 transfers 3 qualifying comp sales 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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