Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical-Dental Building Overlooking Lake Washington Title is generated by Realmo AI

    5723 Bothell Way Northeast, Kenmore, WA 98028

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Purpose-built medical-dental building with lake views and convenient access.

    Type:Healthcare
    Property size:
    8,602 SF
    Lot size:
    0.51 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 18 at 9:14 am

    Property Features for 5723 Bothell Way Northeast

    General Information

    Standard status
    Active
    Size
    8,602 SF
    Lot size
    0.51 Acres
    Property subtype
    Healthcare

    We can help!

    Listing Contact
    Ric Brandt

    Listing agent Ric Brandt

    Listing office CBRE

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE

    HighLights

    • Stunning views overlooking Lake Washington.
    • Purpose‑built medical‑dental building.
    • Convenient access to nearby restaurants, shops, and public transportation.
    • Strategic location: ±10 minutes from I‑405 and ±15 minutes from I‑5.
    • Time‑saving connectivity to Sound Transit Light Rail (±15 Minutes).
    • Located on a ±0.51‑acre lot.

    Overview

    Uplake Professional Center is a medical-dental building with a gross area of approximately 8,602 square feet (8,400 square feet per Rent Roll) situated on a lot of approximately 0.51 acres overlooking Lake Washington. Originally developed for the current ownership's uses, the property offers views and convenient access to nearby restaurants, shops, and public transportation. The location provides connectivity to Sound Transit Light Rail (approximately 15 minutes) and convenient access to the densely populated communities on the Eastside and in North Seattle. It is strategically located approximately 10 minutes from I-405 and approximately 15 minutes from I-5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenmore
    County
    King
    State
    Washington
    Longitude
    -122.26707
    Latitude
    47.757898

    Nearby Similar for Sale

    • $829,000
      2,000 SF

      Kenmore Commercial/Medical Office Building

      2,000 SF commercial/medical office building in Kenmore for sale.
      6443 181st St, Kenmore, WA 98028
      View Details
    • $879,000
      2,000 SF

      Kenmore Commercial/Medical Office Building

      Commercial/medical office building in Kenmore with flexible layout.
      6443 NE 181st Street, Kenmore, WA 98028
      View Details
    • $795,000
      1,504 SF

      Mixed-Use Property with Lake Views

      Two-story mixed-use property in Kenmore with lake views.
      18023 62nd Ave NE, Kenmore, WA 98028
      View Details
    • $2,500,000
      4,840 SF

      Kenmore Stand Alone Retail Building

      Stand-alone building with ample parking, suitable for retail or redevelopment.
      8020 NE Bothell Way, Kenmore, WA 98028
      View Details
    • Contact for pricing
      36,183 SF

      Kenmore Apartment Community Investment

      41-unit apartment community in Kenmore, Washington with value-add potential.
      7206 NE 182nd St, Kenmore, WA 98028
      View Details

    FAQs

    What type of property is this?
    Medical center - Purpose-built medical-dental building with lake views and convenient access.
    Where is this medical center located?
    The property is located at 5723 Bothell Way Northeast Kenmore, WA.
    What are key features of this property?
    This property features: Stunning views overlooking Lake Washington.; Purpose‑built medical‑dental building.; Convenient access to nearby restaurants, shops, and public transportation.
    (425) 462-6901
    We can help!
    Listing Contact
    Ric Brandt
    Learn More
    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
    5723 Bothell Way Northeast, Kenmore, WA, 98028
    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!