Class A Office
19803 Creek Pkwy, Bothell, WA 98011
For Sale
$10,500,000
Pending
Class A office building in North Creek area available for sale.
Property Size31,070 SF
Days on Market623
Property Features for 19803 Creek Pkwy
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
ROSEN-HARBOTTLE COMMERCIAL R.E
Listed By:
JERRY HARBOTTLE
(425) 289-2216
Source:
Corcoran
Added: Feb 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:44AM
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 ROSEN-HARBOTTLE COMMERCIAL R.E
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Class A office building is available for sale to an owner/user in the prestigious North Creek area. The property has undergone renovations, including a revamped building entry, upgraded landscaping, awnings, and a pedestrian drop-off area. Interior upgrades feature a new lobby, building HVAC system, and additional windows. The building has a size of 31070 square feet and is suitable for office use.
Key Highlights
- Class A office building in prestigious North Creek.
- Recently renovated with upgrades to building entry, landscaping, awnings, pedestrian drop off, and lobby.
- Upgraded HVAC system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$741,956
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,839,120
$14.8M
Cap Rate 7%
$10,599,371
$10.6M
Cap Rate 9%
$8,243,956
$8.2M
Market Conditions
NOI Build-Up for 31,070 SF
Gross rent
$1.06M $34.20/SF
− Vacancy
−$73.3K −$2.36/SF
EGI
$989.3K $31.84/SF
− OpEx
−$247.3K −$7.96/SF
NOI
$742.0K $23.88/SF
Area
King County, WA
Vacancy
6.90%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,839,120
Cap Rate 7%
$10,599,371
Cap Rate 9%
$8,243,956
Alternative Uses
Best Use
Office B
$10.60M
$9.27M – $12.37M
NOI $741,956 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
976
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
$888,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in King County, WA
Properties on Market for Office buildings in King County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building in North Creek area available for sale.
Where is this office building located?
The property is located at 19803 Creek Pkwy Bothell, WA.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Class A office building in prestigious North Creek.; Recently renovated with upgrades to building entry, landscaping, awnings, pedestrian drop off, and lobby.; Upgraded HVAC system.
