4008 133Rd PlMill Creek, WA 98012

Property Details for 4008 133Rd Pl

Year built

2020

Construction

WOOD

Property size (Sq ft)

171,451 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

1213600000101

APU

1213600000101

Description

This exceptional Class A office property, Farmhouse Row, offers 38,598 square feet of brand new, versatile space in Mill Creek, WA. Located within the Farm Shoppes, this development boasts two single-story buildings with 35 individual suites, ranging in size from approximately 696 to 2037 square feet. Each suite features modern interiors with bold colors, fully furnished kitchens with stainless steel appliances and quartz countertops, individually controlled heat, and a washer/dryer. Covered parking is available, and the property offers convenient access to a fitness center, community room, den with free Wi-Fi, theater, walking trail, and package lockers. The property's prime location provides easy access to medical offices, restaurants, an Amazon Go store, a pet store, other retail options, and a gym. The entire 38,598 square foot building is currently available for lease. The building was constructed in 2023 and features an 18-foot ceiling height. The property is situated at 4008 133rd St SE, Mill Creek, WA 98012, within the Seattle, WA submarket cluster. The load factor is 1, and there are a total of two parking spaces. Property taxes are $0 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $57,345,412

  6.5%

  $52,934,228

  7%

  $49,153,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $80,780,608

  Geo Method

  $51,177,952

• Alternative Use

  Use

  Valuation

  Residential

  $52,934,228

  Hospitality

  $48,487,468

  Educational

  $40,341,004

  Medical

  $41,728,392

  Retail

  $62,752,672

Location Insight

City

Mill Creek

County

Snohomish

State

Washington

Latitude

47.8763

Longitude

-122.179

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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