5903 244th St SW

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5903 244th St SW

Mountlake Terrace, WA 98043
Asking Price
$1.65M
Cap Rate
3.13%
Asset Type
Creative Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 5903 244th St SW in Mountlake Terrace, Washington.
  • The creative office space measures 2,954 square feet in total.
  • This commercial asset is currently listed for $1,650,000.
  • The property investment currently reflects a 3.13% cap rate.
  • The site encompasses a total of two separate tax lots.

What's Special

Professional teams seeking a flexible creative office environment will find this 2,954-square-foot space in Mountlake Terrace well-suited for their operations. Situated within a region that balances suburban stability with proximity to the robust Seattle metropolitan economy, the property serves as a functional headquarters for businesses requiring a distinct corporate presence. The layout facilitates collaborative workflows and provides a practical footprint for design studios, marketing agencies, or specialized consulting firms looking to establish a permanent base of operations in this established corridor. Comprising two tax lots, this asset offers a strategic acquisition for investors or owner-users focused on the Pacific Northwest commercial market. Mountlake Terrace continues to benefit from regional growth and improved infrastructure connectivity, making it a sustainable choice for office users. Given the current configuration, this building provides a clean, manageable interior environment ready for immediate business occupation or long-term portfolio holding.

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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597

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