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    Property profile & analytics

    Mountlake Terrace, WA 98043

    • Commercial land
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 05, 2023
    $1,285,000
    Location Intelligence
    Property ID
    US90-2155254
    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.

    Current Use by Public Records

    • Commercial land

    Property Details

    Lot size
    0.12 lot acres
    Zone code
    F/T
    Property type
    Commercial land
    APN
    520500902200
    APU
    520500902200

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mountlake Terrace
    County
    Snohomish
    State
    Washington
    Longitude
    -122.312
    Latitude
    47.7779
    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
    $1,513
    $199,400
    $0.00
    $199,400
    -
    $199,400
    $0.00
    $199,400

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      Mountlake Terrace, WA 98043

      VACANT COMMERCIAL LAND • 0.33 Acres
      Mountlake Terrace, WA 98043
      View Details
    • Value Estimation by Request
      0.47 Acres

      21210 44th W Ave

      VACANT COMMERCIAL LAND • 0.47 Acres
      21210 44th W Ave, Mountlake Terrace, WA 98043-6521
      View Details
    • Value Estimation by Request
      0.12 Acres

      Mountlake Terrace, WA 98043

      VACANT COMMERCIAL LAND • 0.12 Acres
      Mountlake Terrace, WA 98043
      View Details
    • Value Estimation by Request
      0.51 Acres

      Mountlake Terrace, WA 98043

      VACANT COMMERCIAL LAND • 0.51 Acres
      Mountlake Terrace, WA 98043
      View Details
    • Value Estimation by Request
      0.20 Acres

      Mountlake Terrace, WA 98043

      INDUSTRIAL - VACANT LAND • 0.20 Acres
      Mountlake Terrace, WA 98043
      View Details
    • Value Estimation by Request
      0.18 Acres

      Mountlake Terrace, WA 98043

      INDUSTRIAL - VACANT LAND • 0.18 Acres
      Mountlake Terrace, WA 98043
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mountlake Terrace Development Assemblage Opportunity

      Unique development opportunity near future light rail station.
      6002-6006 232Nd Pl SW, Mountlake Terrace, WA 98043
      View Details
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      Spacious Flat Lot Near Transit

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      Large Flat Lot Near Transit

      50,530 SF lot near I-5 and transit center.
      24205-24225 56Th Ave W, Mountlake Terrace, WA 98043
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    • Contact for pricing
      2.95 Acres

      New Flex Space, I-90 Exit 11

      Modern flex warehouse, ±20,000 SF, I-90 access.
      6002 232Nd Pl, Mountlake Terrace, WA 98043
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    • $8,000,000
      31,170 SF

      Mountlake Terrace Land For Sale

      Land available in Mountlake Terrace, Washington.
      6810 220Th St SW, Mountlake Terrace, WA 98043
      View Details
    • Contact for pricing

      Leased Property Redevelopment Potential

      Fully leased commercial property near Mountlake Terrace Light Rail Station.
      5903 244Th St SW, Mountlake Terrace, WA 98043
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      4,500 SF

      Mountlake Terrace Warehouse Space Available

      4,500 SF warehouse space for lease in Mountlake Terrace.
      6306 215Th St SW, Mountlake Terrace, WA 98043
      View Details
    • $15 SF/Yr
      211,042 SF

      Mountlake Terrace Retail Space

      Restaurant Space Available, Prime Location
      23505 56Th Ave, Mountlake Terrace, WA 98043
      View Details
    • $25 SF/Yr
      384 SF

      Mountlake Terrace Office Space Available

      Office space for rent in well-maintained building near light rail.
      22725 44Th Ave W, Mountlake Terrace, WA 98043
      View Details
    • $33 SF/Yr
      890 SF

      Mountlake Terrace Office Space Available

      Office space for rent in Mountlake Terrace, Washington.
      21905 64Th Ave W, Mountlake Terrace, WA 98043
      View Details
    • $38 SF/Yr
      13,617 SF

      Terrace Station Retail Spaces

      Mountlake Terrace retail spaces available.
      24015 Van Ry Blvd, Mountlake Terrace, WA 98043
      View Details
    • $22 SF/Yr
      14,213 SF

      Regus Redstone: Prime Mountlake Terrace Office

      Class A Office Suites, Coworking Spaces Available
      6100 219Th St, Mountlake Terrace, WA 98043
      View Details
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    Realmo Value Estimation

    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.

    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.

    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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