Restaurant Space with Commercial
For Sale
$175,000
C-22010 17th Ave Se, Bothell, WA 98012
Fully equipped commercial kitchen with a Type 1 hood supports restaurant operations.
Property Size1,425 SF
Price / SF$122.81
Days on Market66
Property Features for C-22010 17th Ave Se
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Business Opportunity
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Realty ONE Group Orca Gold
(425) 646-8557
Listed By:
Jina Fiveash
(425) 646-8557
Source:
Exprealty
Added: Jun 19
Changed: Aug 21
Last Checked: Aug 23 at 3:24AM
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 includes a fully equipped commercial kitchen and Type 1 hood. The existing setup provides core restaurant infrastructure within a well-maintained building, while ample parking serves the property. The space is offered for sale and is suitable for a range of restaurant concepts, including use by an owner-operator or expanding business.
Located in Bothell, the property offers freeway access and street visibility. Established businesses surround the building and generate consistent customer traffic, adding an active commercial setting to the restaurant space. The combination of an existing kitchen, parking, access, and visible positioning creates a practical operating layout for a restaurant user.
Located in Bothell, the property offers freeway access and street visibility. Established businesses surround the building and generate consistent customer traffic, adding an active commercial setting to the restaurant space. The combination of an existing kitchen, parking, access, and visible positioning creates a practical operating layout for a restaurant user.
Key Highlights
- 1,425 SF restaurant space in Bothell
- Fully equipped commercial kitchen with Type 1 hood
- Freeway access and street visibility
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
608
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98012, WA
74,956
Population
28,174
Households
2.7
Avg Household Size
36
Median Age
56%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
4,774
Density / Sq Mi
$141,653
Median Household Income
$72,412
Median Earnings
$2,279
Median Rent
$811,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped commercial kitchen with a Type 1 hood supports restaurant operations.
Where is this conventional restaurant located?
The property is located at C-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; Fully equipped commercial kitchen with Type 1 hood; Freeway access and street visibility
