Downtown Office Building
For Sale
$985,000
10107 Woodinville Dr, Bothell, WA 98011
Two-story office building totals 2,584 RSF with 8 parking stalls in downtown Bothell.
Property Size2,584 SF
Price / SF$381.19
Days on Market96
Property Features for 10107 Woodinville Dr
General Information
Standard status
Active
Size
2,584 SF
Total Parking Spaces
8
Property subtype
Office - General Office
Building Details
Year Built
1983
Stories
2
Listing Agency:
Leibsohn & Company
(206) 999-3483
Listed By:
Royce Cottle · License #WA 73374
Source:
Commercialcafe
Added: May 17
Changed: Jul 21
Last Checked: Aug 18 at 5:01AM
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 Leibsohn & Company
Investment Insights
Based on property information with market context.
This owner/user office building is offered for sale with two floors totaling 2,584 RSF. The property includes 8 parking stalls, supporting convenient on-site parking for staff and visitors.
Located in downtown Bothell, the building provides an in-town setting for an owner-occupied office or a buyer looking for an office asset within the area.
With its two-floor layout and dedicated parking count, the property is positioned as a straightforward office purchase for an organization seeking a compact, downtown footprint.
Located in downtown Bothell, the building provides an in-town setting for an owner-occupied office or a buyer looking for an office asset within the area.
With its two-floor layout and dedicated parking count, the property is positioned as a straightforward office purchase for an organization seeking a compact, downtown footprint.
Key Highlights
- Owner/user office building in downtown Bothell, WA
- Two floors totaling 2,584 RSF
- Includes 8 parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,025
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,500
$920.5K
Cap Rate 7%
$657,500
$657.5K
Cap Rate 9%
$511,389
$511.4K
Market Conditions
NOI Build-Up for 2,584 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.7K $27.36/SF
− Vacancy
−$9.3K −$3.61/SF
EGI
$61.4K $23.75/SF
− OpEx
−$15.3K −$5.94/SF
NOI
$46.0K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$920,500
Cap Rate 7%
$657,500
Cap Rate 9%
$511,389
Alternative Uses
Best Use
Office B
$657.5K
$575.3K – $767.1K
NOI $46,025 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.6K
$630.6K – $840.7K
NOI $50,444 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 98011, WA
27,897
Population
12,424
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
3,929
Density / Sq Mi
$127,445
Median Household Income
$77,467
Median Earnings
$2,223
Median Rent
$888,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building totals 2,584 RSF with 8 parking stalls in downtown Bothell.
Where is this office building located?
The property is located at 10107 Woodinville Dr Bothell, WA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Owner/user office building in downtown Bothell, WA; Two floors totaling 2,584 RSF; Includes 8 parking stalls
