Bothell Office and Warehouse
For Sale
$3,600,000
Pending
810 240th St SE, Bothell, WA 98021
Stand-alone office with warehouse and fenced yard in Bothell.
Property Size7,913 SF
Days on Market565
Property Features for 810 240th St SE
General Information
Standard status
Pending
Size
7,913 SF
Property subtype
Commercial
Building Details
Year Built
1954
Listing Agency:
KIDDER MATHEWS
Listed By:
TODD GAUTHIER · License #GAUTHTE349O
(425) 450-1118
Source:
Corcoran
Added: Mar 31, 2025
Changed: Sep 14
Last Checked: Oct 14 at 11:10PM
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 KIDDER MATHEWS
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Investment Insights
Based on property information with market context.
This property features a stand-alone office building with high-end finishes. Additionally, there is a 2,517 square foot warehouse building. The property includes 8,115 square feet of fenced yard space. Located in Bothell, Washington, the property can be leased or purchased. Furniture is available.
Key Highlights
- Rare stand‑alone office building
- Additional 2,517 SF warehouse building
- 8,115 SF of additional fenced yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,941
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,818,820
$2.8M
Cap Rate 7%
$2,013,443
$2.0M
Cap Rate 9%
$1,566,011
$1.6M
Market Conditions
NOI Build-Up for 7,913 SF
Gross rent
$216.5K $27.36/SF
− Vacancy
−$28.6K −$3.61/SF
EGI
$187.9K $23.75/SF
− OpEx
−$47.0K −$5.94/SF
NOI
$140.9K $17.81/SF
Area
Snohomish County, WA
Vacancy
13.20%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,818,820
Cap Rate 7%
$2,013,443
Cap Rate 9%
$1,566,011
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,941 @ 7.0% cap · market cap 3.92%
Second Best
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,048 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,476 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Stand-alone office with warehouse and fenced yard in Bothell.
Where is this office building located?
The property is located at 810 240th St SE Bothell, WA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Rare stand‑alone office building; Additional 2,517 SF warehouse building; 8,115 SF of additional fenced yard space
