Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12601 Woodinville Dr Woodinville, WA 98072
    Back to Search
    Property profile & analytics

    12601 Woodinville Dr Woodinville, WA 98072

    View on Map
    • Retail properties & Spaces
    • 0.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NW Pain and Trauma Center / Physician
    • La Princesa Market / Grocery & Convenience Store / Specialty Food Shop
    • QIVU Graphics / Marketing & Advertising / Advertising Agency
    • GBM Janitorial Services / General Contractor
    • Sophie's Cosmetics / Corporate Office

    Property Details for 12601 Woodinville Dr

    Year built
    1927
    Lot size
    0.25 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This charming, two-story Woodinville Mercantile Building, built in 1927 and renovated in 2015, offers three available commercial spaces ranging from 323 to 1,500 square feet. Located at 12601 NE Woodinville Dr, Woodinville, WA 98072, this King County property (APN: 9518100065, 9518100055, 9518100061) sits on a 0.25-acre lot in a Central Business District (CBD) zoning area. The building features a modified gross lease structure. Suite B2 is 1,250 per month, Suite B3 is 1,200 per month, and Suite E is 4,000 per month. All three spaces are currently vacant and ready for immediate occupancy. Their versatile layouts are ideal for a variety of office and retail uses, including medical/beauty services (Suites B2/B3) and restaurant, salon, or spa concepts (Suite E). The building's prime location offers easy access to shopping, dining, and other amenities in the thriving downtown Woodinville area. This is a unique opportunity to establish a business in a historic building within a vibrant community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodinville
    County
    King
    State
    Washington
    Longitude
    -122.172
    Latitude
    47.7536

    Comparable in this City

    • Value Estimation by Request
      10,508 SF

      1731 135Th Ave

      Retail properties & Spaces • 10,508 SF
      1731 135Th Ave, Woodinville, WA 98072
      View Details
    • Value Estimation by Request
      1,328 SF

      13111 175th St

      OFFICE (GENERAL) • 1,328 SF
      13111 175th St, Woodinville, WA 98072
      View Details
    • Value Estimation by Request
      988 SF

      18144 Woodinville Snohomish NE Rd

      OFFICE (GENERAL) • 988 SF
      18144 Woodinville Snohomish NE Rd, Woodinville, WA 98072-8533
      View Details
    • Value Estimation by Request
      70,103 SF

      17300 135Th Ave

      Neighborhood centers • 70,103 SF
      17300 135Th Ave, Woodinville, WA 98072
      View Details
    • Value Estimation by Request

      14419 Redmond - Woodinville Rd

      Office Units
      14419 Redmond - Woodinville Rd, Woodinville, WA 98072
      View Details
    • Value Estimation by Request
      4,222 SF

      23110 75Th Ave

      Churches & religious facilities • 4,222 SF
      23110 75Th Ave, Woodinville, WA 98072
      View Details

    Similar Nearby for Sale

    • $2,500,000
      2,910 SF

      Woodinville Office Building For Sale

      Office building with various use possibilities in Woodinville, WA.
      16812 140Th Ave NE, Woodinville, WA 98072
      View Details
    • Contact for pricing

      Woodinville Flex Asset For Sale

      35,805 SF flex asset in Woodinville, WA.
      20205 144Th Ave NE, Woodinville, WA 98072
      View Details
    • $14,900,000

      Woodinville Industrial Property For Sale

      Industrial property with highway access and long-term lease.
      19211 144Th Ave NE, Woodinville, WA 98072
      View Details
    • $2,950,000
      5,916 SF

      Land Near Downtown Woodinville

      Commercial land for sale, walking distance to downtown Woodinville.
      17623 130Th Ave NE, Woodinville, WA 98072
      View Details
    • Contact for pricing

      Woodinville Industrial Warehouse For Sale

      Industrial concrete-tilt-up warehouse in Woodinville's wine tasting district.
      19718 144Th Ave NE, Woodinville, WA 98072
      View Details
    • Contact for pricing

      Land Pad Site Opportunity

      Land available next to proposed 7-Eleven.
      19145 NE Woodinville Duvall Rd, Woodinville, WA 98072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,045 SF

      Retail Space in Woodinville

      Retail property available for lease in Woodinville, Washington.
      14800 NE 144Th St, Woodinville, WA 98072
      View Details
    • $47,130
      18,852 SF

      New Retail, Office, Flex Space

      Under construction retail center with office and flex space.
      8724 Maltby Rd, Woodinville, WA 98072
      View Details
    • $53 SF/Yr

      Turn-Key Office/Retail Space Available

      Stylish office/retail space in a prime Woodinville location.
      12601 NE Woodinville Dr, Woodinville, WA 98072
      View Details
    • $2,500 /Mo
      625 SF

      Woodinville Commercial Space For Rent

      Commercial space available for rent in Woodinville, Washington.
      18500 142Nd Ave NE, Woodinville, WA 98072
      View Details
    • $91,694
      55,572 SF

      Warehouse and Retail/Office/Flex Complex

      Under construction warehouse, retail, office, and flex space for lease.
      21301 87Th Ave SE, Woodinville, WA 98072
      View Details
    • $3,201 /Mo
      720 SF

      Turn-Key Woodinville Retail/Office Space

      Prime Woodinville location, suitable for retail or office use.
      12601 Woodinville Dr, Woodinville, WA 98072
      View Details
    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.
    12601 Woodinville Dr
    Woodinville, WA 98072
    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
    12601 Woodinville Dr, Woodinville, WA, 98072
    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!