Restaurant Space with Commercial
New
For Sale
$175,000
22010 17th Ave SE, Bothell, WA 98021
Restaurant space includes a Type 1 hood, commercial kitchen equipment, parking, and street visibility.
Property Size1,425 SF
Price / SF$122.81
Days on Market3
Property Features for 22010 17th Ave SE
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Commercial
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Realty ONE Group Orca Gold
Listed By:
Jina Fiveash · License #NWM86407
(425) 646-8557
Source:
Viewhomesinpugetsound
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 22 at 4:22PM
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 Realty ONE Group Orca Gold
Investment Insights
Based on property information with market context.
This 1,425 SF restaurant space is configured for food-service operations with a Type 1 hood and a fully equipped commercial kitchen. The manageable footprint supports a range of restaurant concepts and includes parking for customers and staff.
Located at 22010 17th Ave SE in Bothell, the property offers freeway access and visibility from the street. The space is positioned within a building surrounded by established businesses, providing an established commercial setting for an owner-operator or expanding restaurant business.
Located at 22010 17th Ave SE in Bothell, the property offers freeway access and visibility from the street. The space is positioned within a building surrounded by established businesses, providing an established commercial setting for an owner-operator or expanding restaurant business.
Key Highlights
- 1,425 SF restaurant space in Bothell
- Type 1 hood installed
- Fully equipped commercial kitchen
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
$13,840
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
7.91%
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%
$276,800
$276.8K
Cap Rate 7%
$197,714
$197.7K
Cap Rate 9%
$153,778
$153.8K
Market Conditions
NOI Build-Up for 1,425 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
$21.4K $15.00/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$19.8K $13.88/SF
− OpEx
−$5.9K −$4.16/SF
NOI
$13.8K $9.71/SF
Area
Snohomish County, WA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$276,800
Cap Rate 7%
$197,714
Cap Rate 9%
$153,778
Alternative Uses
Best Use
Specialty Retail
$316.8K
$277.2K – $369.7K
NOI $22,179 @ 7.0% cap · market cap 12.67%
Second Best
Industrial
$197.7K
$173.0K – $230.7K
NOI $13,840 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$397.4K
$347.7K – $463.7K
NOI $27,819 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
83k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 19%
Apparel 6%
Hotels & Casinos 4%
McDonald's
Dining
35,417 visits/mo
0.1 miles
Jack in the Box
Dining
9,302 visits/mo
0.5 miles
Outback Steakhouse
Dining
8,118 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
7,630 visits/mo
0.4 miles
Mud Bay
Shops & Services
5,169 visits/mo
0.5 miles
Demographics for 98021, WA
34,001
Population
12,629
Households
2.7
Avg Household Size
38
Median Age
60%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$172,559
Median Household Income
$88,673
Median Earnings
$2,537
Median Rent
$902,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space includes a Type 1 hood, commercial kitchen equipment, parking, and street visibility.
Where is this conventional restaurant located?
The property is located at 22010 17th Ave SE Bothell, WA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,425 SF restaurant space in Bothell; Type 1 hood installed; Fully equipped commercial kitchen
