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    Bothell Flex Building For Sale

    19201 120th Avenue NE Bothell, WA 98011

    Claim this Listing
    For Sale
    $10,770,000

    Flex building in North Creek market, suitable for various uses.

    Type:Commercial
    Property size:
    59,830 SF
    Price / SF:
    $180/SF
    Added:
    Sep 11, 2025
    Days on Market:
    304
    Last Refresh:
    Apr 5 at 8:16 pm

    Property Features for 19201 120th Avenue NE

    General Information

    Standard status
    Active
    Size
    59,830 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1991

    Listing office COLLIERS INTERNATIONAL WA, LLC

    Listing date Sep 11, 2025

    Source Corcoran

    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.

    Local 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 (±1% cap)
    NOI $674,671 @ 7.0% cap · market cap 6.26%
    Second Best
    Industrial
    $8.30M
    $7.26M – $9.68M (±1% cap)
    NOI $581,099 @ 7.0% cap · market cap 5.40%
    Theoretical Best
    Office A
    $16.69M
    $14.60M – $19.47M (±1% cap)
    NOI $1,167,989 @ 7.0% cap · market cap 10.84%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Debbie Farrar Physician Barry Glenn - State ... Insurance Agency Taekwondo Way Training Center Element Seattle - Bothell ... Laboratory Aarat Dance Academy Training Center

    Suggested Use

    Restaurant Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Spa & Massage Center Grocery & Convenience Store Electrical Service Food Market Grocery & Convenience Store

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

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    FAQs

    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.
    Contact an agent
    (425) 453-4546
    We can help!
    Contact an agent
    DAVID GUNTHER
    DAVID GUNTHER
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