Bothell Flex Building For
For Sale
$10,770,000
Pending
19201 120th Avenue NE, Bothell, WA 98011
Flex building in North Creek market, suitable for various uses.
Property Size59,830 SF
Days on Market324
Property Features for 19201 120th Avenue NE
General Information
Standard status
Pending
Size
59,830 SF
Property subtype
Commercial
Building Details
Year Built
1991
Listing Agency:
COLLIERS INTERNATIONAL WA, LLC
(425) 453-4546
Listed By:
DAVID GUNTHER
Source:
Corcoran
Added: Sep 11, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:35AM
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 COLLIERS INTERNATIONAL WA, LLC
Investment Insights
Based on property information with market context.
Located at 19201 120th Avenue NE in Bothell, WA, The Wright Group Building presents an opportunity for either an owner-user or investor in the North Creek market. This flex building, totaling 59830 square feet, is suitable for a variety of owner-occupiers and investors. Its location provides access to multiple major freeways and both Paine Field and SeaTac airports, making it attractive to regional and national tenants. The property is zoned R-AC, OP, CB, LI, allowing for versatile use and potential future development.
Key Highlights
- Highly sought‑after North Creek market location.
- Versatile zoning (R‑AC, OP, CB, LI) allowing for varied use and future development potential.
- Excellent access to major freeways, Paine Field, and SeaTac airports.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.13M | $18.96 |
| − Vacancy | −$96.4k | −$1.61 |
| EGI | $1.04M | $17.35 |
| − OpEx | −$363.3k | −$6.07 |
| NOI | $674.7k | $11.28 |
59,830 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$9.64M
$8.43M – $11.24M
NOI $674,671 @ 7.0% cap · market cap 6.26%
Second Best
Industrial
$8.30M
$7.26M – $9.68M
NOI $581,099 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$16.69M
$14.60M – $19.47M
NOI $1,167,989 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Teriyaki - TERIYAKIDELIVERY.COM — 11511 ne 195th st, bothell, wa 98011
Frequently Asked Questions
What type of property is this?
Flex space - Flex building in North Creek market, suitable for various uses.
Where is this flex space located?
The property is located at 19201 120th Avenue NE Bothell, WA.
What is the asking price?
The asking price for this property is $10,770,000.
What are key features of this property?
This property features: Highly sought‑after North Creek market location.; Versatile zoning (R‑AC, OP, CB, LI) allowing for varied use and future development potential.; Excellent access to major freeways, Paine Field, and SeaTac airports.
