Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bothell Flex Space Available Title is generated by Realmo AI

    11822 North Creek Parkway N, Bothell, WA 98011

    View on Map
    Claim this Listing
    For Lease
    $20 SF/Yr $95,000/Mo (calc)

    Turnkey office and warehouse space in North Creek Business Park.

    Type:Office
    Property size:
    57,000 SF
    Added:
    Nov 22, 2025
    Days on Market:
    189
    Last Refresh:
    May 9 at 1:53 am

    Property Features for 11822 North Creek Parkway N

    General Information

    Standard status
    Active
    Size
    57,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 11822 North Creek Parkway N Contact us

    We can help!

    Listing Contact
    Blake Stedman
    Blake Stedman

    Listing agent Blake Stedman License #WA2495

    Listing office NAI Puget Sound Properties

    Listing date Nov 22, 2025

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties

    HighLights

    • Turnkey professional space ready for immediate occupancy.
    • Unique blend of office and warehouse/flex/light lab/tech capabilities.
    • Located in the heart of the North Creek Business Park, a premier business corridor in Bothell.
    • Flexible lease term options available until 4/30/2032.
    • Robust power: 400a / 208v, 3‑Phase Power.
    • Includes 3 grade‑level loading doors for operational access.

    Overview

    This turnkey professional space is ready for immediate occupancy and is situated in one of Bothell’s premier business corridors, specifically in the heart of the North Creek Business Park. Suites 106-108 in Building 6 offer a blend of professional office and warehouse/flex/light lab/tech capabilities. The space available is approximately 6,462 square feet. The property features secured badge access, 12 office cubes, full HVAC, upgraded flooring, and robust electrical distribution. It also includes 7 private offices, 4 restrooms, a break room with a kitchenette, and a furnished conference room. Operational access is facilitated by 3 grade-level loading doors. The property has 400a / 208v, 3-Phase Power. The lease expires on 4/30/2032, with flexible term length options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eurofins Product Testing ... Laboratory DirectAMS Laboratory Lori's Deli & Espresso Food Market Terminix Garden Center Decker Firm Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    Snohomish
    State
    Washington
    Longitude
    -122.183
    Latitude
    47.776

    Nearby Similar for Lease

    • Sponsored
      $129-$9,174/Mo
      11-1,292 SF

      WA, Bothell - 17th Ave SE

      22232 2 Ct, Unit 98021, Bothell, WA 98021
      View Details
    • $129-$8,136/Mo
      11-1,292 SF

      Canyon Park West

      22722 29Th Dr, Unit 100, Bothell, WA 98021
      View Details
    • $22 SF/Yr
      1,890 SF

      Prime Commercial Office Space Available

      Modern office space with ample parking and excellent location.
      24003 Bothell Everett Hwy, Bothell, WA 98012
      View Details
    • $20 SF/Yr
      6,462 SF

      Bothell Flex Space Available

      Turnkey flex space in premier Bothell business corridor.
      11822 North Creek Parkway N, Bothell, WA 98011
      View Details
    • $6,959/Mo
      3,212 SF

      Light-Filled Office Space Available

      Office space featuring private offices, conference room, and open area.
      19515 Creek Pkwy, Bothell, WA 98011
      View Details
    • $1,500/Mo
      720 SF

      Renovated Office Space Available

      720 SF office space in a renovated professional building.
      18012 Bothell Everett Highway, Bothell, WA 98012
      View Details
    • $22 SF/Yr
      3,877 SF

      Bothell Office Space Available Now

      Prime commercial location with modern, customizable office spaces and amenities.
      24003 Bothell Everett Hwy, Bothell, WA 98012
      View Details
    • $5,313/Mo
      1,518 SF

      Bothell Mixed-Use Retail Space

      Vibrant retail space near Biotech Corridor and University of Washington.
      19116 Beardslee Blvd, Bothell, WA 98011
      View Details
    • $7,500/Mo
      3,020 SF

      Bothell Single Tenant Office Building

      Single tenant office building with yard space in downtown Bothell.
      9606 NE 180th St, Bothell, WA 98011
      View Details
    • $6,000/Mo
      3,000 SF

      Versatile Warehouse, Office, Retail Suite

      Warehouse, office, and retail suite located off Bothell Everett Highway.
      17514 Bothell Way NE, Bothell, WA 98011
      View Details
    • $1,312/Mo
      656 SF

      Bothell Office Space For Rent

      Private office space in Bothell's active business district.
      1729 208th St SE, Bothell, WA 98012
      View Details
    • $1,200/Mo
      690 SF

      Bothell Stand-Alone Office/Retail Building

      Stand-alone Bothell office/retail building with drive-thru access for lease.
      23920 Bothell Everett Hwy, Bothell, WA
      View Details

    FAQs

    What type of property is this?
    Office units - Turnkey office and warehouse space in North Creek Business Park.
    Where is this office units located?
    The property is located at 11822 North Creek Parkway N Bothell, WA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Turnkey professional space ready for immediate occupancy.; Unique blend of office and warehouse/flex/light lab/tech capabilities.; Located in the heart of the North Creek Business Park, a premier business corridor in Bothell.
    (425) 652-1722
    We can help!
    Listing Contact
    Blake Stedman
    Blake Stedman
    Real Estate License ID: WA2495
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11822 North Creek Parkway N, Bothell, WA 98011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!