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    8004 Mukilteo Speedway Mukilteo, WA 98275
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    Property profile & analytics

    8004 Mukilteo Speedway Mukilteo, WA 98275

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    • Retail space
    • 6,720 SF
    • 0.84 lot acres
    For Lease
    $1,915,000
    View Listing →
    Mukilteo Mixed-Use Property For Sale For Lease
    $1,915,000
    9,872 SF

    Mukilteo Mixed-Use Property For Sale

    Mixed-use property with high visibility and flexible zoning.

    8004 Mukilteo Speedway, Mukilteo, WA
    View Listing
    Property ID
    US90-0504174
    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
    $1,915,000
    Cap Rate Potential
    4.1%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Gene Johnson Plumbing & Heating / HVAC Service / General Contractor
    • Swanson Stan L DDS / Dental Office
    • Zoom Drain / Plumbing Service / General Contractor
    • Maria Michael / Spa & Massage Center / Alternative Medicine Practice
    • Stephanie Heringer, LMP / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 8004 Mukilteo Speedway

    Year built
    1981
    Construction
    WOOD
    Lot size
    0.84 lot acres
    Property size
    6,720 SF
    Zone code
    CB
    Property type
    Retail space
    APN
    611600004901
    APU
    611600004901

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,325,000
      ML approach
      $2,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,580,000
      6.5%
      $1,455,000
      7%
      $1,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,798,000
      Market price range: $1.01M - $3.28M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,955,000
      Current use
      AUTO REPAIR, GARAGE
      $2,915,000
      Change: +49% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,780,000
      Change: +42% Conversion: Difficult
      MEDICAL BUILDING
      $2,625,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $2,395,000
      Change: +22% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,035,000
      Change: +4% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,940,000
      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
    -122.301
    Latitude
    47.9254
    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
    $14,264
    $851,800
    $1,128,200
    $1,980,000
    -
    $851,800
    $1,128,200
    $1,980,000

    Comparable in this City

    • Value Estimation
      $8,785,000
      39,807 SF

      11700 Mukilteo Speedway

      RETAIL STORES (PERSONAL SERVICES) • 39,807 SF
      11700 Mukilteo Speedway, Mukilteo, WA 98275-5432
      View Details
    • Value Estimation
      $1,265,000
      8,387 SF

      9999 Harbour Pl

      RETAIL STORES (PERSONAL SERVICES) • 8,387 SF
      9999 Harbour Pl, Mukilteo, WA 98275-4260
      View Details
    • Value Estimation
      $1,345,000
      9,356 SF

      11601 Harbour Pointe Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,356 SF
      11601 Harbour Pointe Blvd, Mukilteo, WA 98275-5262
      View Details
    • Value Estimation by Request
      2,144 SF

      403 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,144 SF
      403 Lincoln Ave, Mukilteo, WA 98275-1503
      View Details
    • Value Estimation
      $1,080,000
      7,250 SF

      11815 Mukilteo Speedway

      RETAIL STORES (PERSONAL SERVICES) • 7,250 SF
      11815 Mukilteo Speedway, Mukilteo, WA 98275-5438
      View Details
    • Value Estimation
      $560,000
      3,330 SF

      611 5th St

      RETAIL STORES (PERSONAL SERVICES) • 3,330 SF
      611 5th St, Mukilteo, WA 98275-1576
      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
    • $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
    • $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
    • 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
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    • Contact for pricing

      Industrial Property in Mukilteo

      Prime industrial and office investment opportunity in thriving Mukilteo Business Park.
      Mukilteo, 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
    • 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
    • $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

      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
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    Mukilteo, WA 98275
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    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
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