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Property profile & analytics
OFF-MARKET
Office buildings
10222 183rd St Bothell, WA 98011-3418
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-2571221
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
WOOD
Total area
1,352 SF
Lot
0.17 ac (7,200 SF)
Zoning code
DN
APN
096700-0410
UPID
US90-2571221
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
James W Fowler Co Construction Company General Contractor
-
Appnique Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fortune Gate LLC · 9 yrs held
Fortune Gate LLC
since 2017
6 recorded transactions
Zoning & alternative use
DN · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,445
Tax year 2022
Assessed value
$479,900
Assessed 2022
Previous assessed
$479,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$410,400
Assessed improvement
$69,500
Land market value
$410,400
Improvement market value
$69,500
Total market value
$479,900
Applied tax rate
859.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
1,352 SF
Lot
0.17 ac (7,200 SF)
Zoning code
DN
APN
096700-0410
UPID
US90-2571221
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DN · Bothell, WA
Zoning DN · permitted uses
DN · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bothell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Fortune Gate LLC
Entity
Mailing address
7231 170TH AVE SE, BELLEVUE, WA 98006-5718
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2018
—
Fortune Gate LLC
—
Grant Deed
related
$1,550,000 · Cathay Bk
Jun 27, 2017
$750,000
Fortune Gate LLC
Quarry Investments LLC
Warranty Deed
—
Aug 13, 2004
$360,000
Quarry Investments LLC
Meier,ernest P & Carmen L
Warranty Deed
$324,000 · Cnl Commercial Finance INC
Nov 15, 1999
$262,000
Ernest P Meier
Myers,michael R & Kathleen B
Grant Deed
$199,038 · Prime Pacific Bank NA
Aug 21, 1991
$160,000
Myers Michael R
Wolters,remmert
Grant Deed
$78,400 · Phh Us Mortgage
Feb 1, 1988
$87,000
Remmert J Wolters
Keeney
Grant Deed
$68,700 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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