Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bothell Office Space For Rent Title is generated by Realmo AI

    22232 17th Ave SE, Bothell, WA 98021

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    Office space in Bothell's Canyon Park shopping district.

    Type:Office
    Added:
    Mar 4, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 9:41 pm

    Property Features for 22232 17th Ave SE

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 22232 17th Ave SE Contact us

    We can help!

    Listing Contact
    Aaron Mathieu

    Listing agent Aaron Mathieu

    Listing office LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

    Listing date Mar 4, 2026

    Source Lee-associates

    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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

    HighLights

    • Convenient location at the intersection of I‑405 and Bothell‑Everett Highway.
    • Free covered and surface parking.
    • Adjacent to Canyon Park Park & Ride and walking distance to retail amenities.
    • Mix of open and private office space with an abundance of natural light.
    • Located in Canyon Park, Bothell’s largest shopping district.
    • New common area finishes including shower facility.

    Overview

    Canyon Park Office Center is situated in Bothell’s Canyon Park shopping district, near the intersection of I-405 and the Bothell-Everett Highway. The property is a three-story office building that offers a mix of open and private office spaces with natural light. The building provides both covered and surface parking at no charge. New common area finishes have been implemented, including a shower facility. The location is adjacent to Canyon Park Park & Ride and within walking distance of Starbucks, PCC, Chick-fil-A, and other retail amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Future Electronics Electronics & Wireless Store Noreen Goldwire DDS Dental Office Philips Oral Healthcare Dental Office Elite Engineering Services Engineering Consultant SemaConnect Charging Station Electric Vehicle Charging Station

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    Snohomish
    State
    Washington
    Longitude
    -122.212
    Latitude
    47.7953

    Nearby Similar for Lease

    • Sponsored
      $129-$9,174/Mo
      11-1,292 SF

      WA, Bothell - 17th Ave SE

      22232 2 Ct, Unit 98021, Bothell, WA 98021
      View Details
    • $129-$8,136/Mo
      11-1,292 SF

      Canyon Park West

      22722 29Th Dr, Unit 100, Bothell, WA 98021
      View Details
    • $22 SF/Yr
      1,890 SF

      Prime Commercial Office Space Available

      Modern office space with ample parking and excellent location.
      24003 Bothell Everett Hwy, Bothell, WA 98012
      View Details
    • $20 SF/Yr
      6,462 SF

      Bothell Flex Space Available

      Turnkey flex space in premier Bothell business corridor.
      11822 North Creek Parkway N, Bothell, WA 98011
      View Details
    • $22 SF/Yr
      3,877 SF

      Bothell Office Space Available Now

      Prime commercial location with modern, customizable office spaces and amenities.
      24003 Bothell Everett Hwy, Bothell, WA 98012
      View Details
    • $1,500/Mo
      720 SF

      Renovated Office Space Available

      720 SF office space in a renovated professional building.
      18012 Bothell Everett Highway, Bothell, WA 98012
      View Details
    • $5,313/Mo
      1,518 SF

      Bothell Mixed-Use Retail Space

      Vibrant retail space near Biotech Corridor and University of Washington.
      19116 Beardslee Blvd, Bothell, WA 98011
      View Details
    • $7,500/Mo
      3,020 SF

      Bothell Single Tenant Office Building

      Single tenant office building with yard space in downtown Bothell.
      9606 NE 180th St, Bothell, WA 98011
      View Details
    • $6,000/Mo
      3,000 SF

      Versatile Warehouse, Office, Retail Suite

      Warehouse, office, and retail suite located off Bothell Everett Highway.
      17514 Bothell Way NE, Bothell, WA 98011
      View Details
    • $1,312/Mo
      656 SF

      Bothell Office Space For Rent

      Private office space in Bothell's active business district.
      1729 208th St SE, Bothell, WA 98012
      View Details
    • $1,200/Mo
      690 SF

      Bothell Stand-Alone Office/Retail Building

      Stand-alone Bothell office/retail building with drive-thru access for lease.
      23920 Bothell Everett Hwy, Bothell, WA
      View Details
    • $3,226/Mo
      1,613 SF

      Canyon Park Office Center Space

      Office space available in convenient Canyon Park location.
      22232 17th Ave SE, Bothell, WA 98021
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in Bothell's Canyon Park shopping district.
    Where is this office units located?
    The property is located at 22232 17th Ave SE Bothell, WA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Convenient location at the intersection of I‑405 and Bothell‑Everett Highway.; Free covered and surface parking.; Adjacent to Canyon Park Park & Ride and walking distance to retail amenities.
    (206) 210-5207
    We can help!
    Listing Contact
    Aaron Mathieu
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    22232 17th Ave SE, Bothell, WA 98021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!