Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 228Th Ave SE Sammamish, WA 98074

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $43,998

    Turnkey early education/daycare space in high-income Sammamish location.

    Property size:
    15,085 SF
    Lot size:
    15,085 SF

    Property Features for 120 228Th Ave SE

    General Information

    Standard status
    Active
    Size
    15,085 SF

    Building Details

    Year built
    2016

    We can help!

    Listing Contact
    Billy Poll, Ccim
    Source: Corcoran

    Listing Agency: NAI PUGET SOUND PROPERTIES Listing Agent: Billy Poll, Ccim

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

    Learn more

    Overview

    Sammamish Turnkey Education/Daycare Space

    This 15,085-square-foot space is suitable for early education, daycare, medical, or general office use. The property is located in a high-income area of Sammamish and previously operated as a Bright Horizons licensed daycare. The location provides easy drop-off and pick-up access and benefits from strong daytime traffic. Estimated NNN expenses are $9.73 per square foot.
    Location Intelligence

    Current Use by Public Records

    Day care centers

    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.

    Similar Places Nearby

    Cozy Nest Care, Wonderland Child Care, Sammamish Children's School, Joyful Discovery Preschool, Sammamish Hills Lutheran Preschool

    Location Insight

    • Map
    • Local Demand
    City
    Sammamish
    County
    King
    State
    Washington
    Longitude
    -122.0337383
    Latitude
    47.6103607

    Nearby Similar for Lease

    • $4,244 /Mo
      926 SF

      Retail Space in Busy Center

      In-line retail space available in a busy Sammamish center.
      2830 228Th Ave SE, Sammamish, WA 98075
      View Details
    • $35 SF/Yr

      Sammamish Early Education Center Space

      Turnkey early education space in high-income Sammamish location.
      120 228Th Ave SE, Sammamish, WA 98074
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in QFC Center

      Retail space available in QFC-anchored center on 228th Avenue.
      2902 228Th Ave SE, Sammamish, WA 98075
      View Details
    • Contact for pricing
      1,182 SF

      Sammamish Retail Space Available

      Retail space available for rent in Sammamish, Washington.
      22820-22830 NE 8Th St, Sammamish, WA 98074
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Sammamish Center

      Retail space for lease in QFC-anchored Sammamish shopping center.
      4570 Klahanie Dr SE, Sammamish, WA
      View Details
    • Contact for pricing
      3,200 SF

      Sammamish Home with Fenced Backyard

      Spacious Sammamish home featuring chef's kitchen and fenced backyard.
      922 274Th Pl SE, Sammamish, WA 98075
      View Details
    • Contact for pricing
      3,000 SF

      Sammamish Home with Lush Greenbelt

      Updated 4BR home on quiet cul-de-sac backing to greenbelt.
      23236 NE 21St Pl, Sammamish, WA 98074
      View Details

    FAQs

    What type of property is this?
    Day care center - Turnkey early education/daycare space in high-income Sammamish location.
    Where is this day care center located?
    The property is located at 120 228Th Ave SE Sammamish, WA.
    What is the lease rate?
    The lease rate is $43,998.
    What are key features of this property?
    This property features: - Turnkey Early Education/Daycare Space, previously Bright Horizons; - High-Income Sammamish Location; - Easy Drop-Off and Pick-Up Access
    (206) 853-8556
    Request Owner's contact information
    120 228Th Ave SE Sammamish, WA 98074
    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.
    120 228Th Ave SE
    Sammamish, WA 98074
    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
    120 228Th Ave SE Sammamish, WA 98074
    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

    We can help!
    Listing Contact
    Billy Poll, Ccim
    (206) 853-8556
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!