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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1121 244th SW St Bothell, WA 98021-8556

    • Mobile home & RV parks
    • 2,133 SF
    • 10.37 lot acres
    OFF-MARKET
    Last Sale
    Jun 12, 2020
    $1,555,812
    Value Estimations
    $2,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0755447
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Pointe at Lockwood 55+ Community / Mobile Home Park / Housing Complex

    Property Details for 1121 244th SW St

    Year built
    1975
    Construction
    WOOD
    Lot size
    10.37 lot acres
    Property size
    2,133 SF
    Zone code
    PRD8400
    Property type
    Mobile home & RV parks
    APN
    27043600303400
    APU
    27043600303400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,010,000
      ML approach
      $1,820,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    Snohomish
    State
    Washington
    Longitude
    -122.248
    Latitude
    47.7791
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $76,978
    $4,543,800
    $3,956,200
    $8,500,000
    -
    $4,543,800
    $3,956,200
    $8,500,000

    Comparable in this City

    • Value Estimation
      $205,000
      53.14 Acres

      23825 15th SE Ave

      MOBILE HOME PARK, TRAILER PARK • 53.14 Acres
      23825 15th SE Ave, Bothell, WA 98021-8858
      View Details
    • Value Estimation
      $525,000
      1,440 SF

      24025 Bothell Everett Hwy

      MOBILE HOME PARK, TRAILER PARK • 1,440 SF
      24025 Bothell Everett Hwy, Bothell, WA 98021-9342
      View Details
    • Value Estimation
      $775,000
      2,298 SF

      23732 Locust Way

      MOBILE HOME PARK, TRAILER PARK • 2,298 SF
      23732 Locust Way, Bothell, WA 98021-9239
      View Details
    • Value Estimation
      $21,985,000
      26.53 Acres

      3333 228th SE St

      MOBILE HOME PARK, TRAILER PARK • 26.53 Acres
      3333 228th SE St, Bothell, WA 98021-8950
      View Details
    • Value Estimation
      $1,260,000
      116,465 SF

      2207 227th SE St

      APARTMENT HOUSE (100+ UNITS) • 116,465 SF
      2207 227th SE St, Bothell, WA 98021-7216
      View Details
    • Value Estimation
      $935,000
      211,660 SF

      1630 228th SE St

      APARTMENT HOUSE (100+ UNITS) • 211,660 SF
      1630 228th SE St, Bothell, WA 98021-7428
      View Details

    Similar Nearby for Sale

    • $699,950

      Shy 2.5 Acre Development Site

      Apartment/condominium site near I-405 with flexible zoning.
      23004 Bothell Everett Hwy, Bothell, WA 98021
      View Details
    • $1,437,450
      2,755 SF

      New Home in Camas Ridge

      New construction home with customizable finishes, spacious layout, and modern amenities.
      24334 13Th Ave SE, Bothell, WA 98021
      View Details
    • $1,429,950
      2,605 SF

      New Home in Camas Ridge

      New construction home with customizable finishes, spacious layout, and modern amenities.
      24330 13Th Ave SE, Bothell, WA 98021
      View Details
    • $1,485,534
      2,746 SF

      New Construction Home in Bothell

      New construction home with modern features, close to downtown Bothell.
      24237 13Th Ave SE, Bothell, WA 98021
      View Details
    • $1,426,286
      2,330 SF

      New Construction Home in Bothell

      New construction home featuring modern amenities and a spacious layout.
      24319 13Th Ave SE, Bothell, WA 98021
      View Details
    • $1,468,085
      2,761 SF

      New Construction Home in Bothell

      New construction home with modern features near downtown Bothell.
      24318 13Th Ave SE, Bothell, WA 98021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,517 SF

      Bothell Office Space For Rent

      Office space with freeway access and retail proximity in Bothell.
      22215 26Th Ave SE, Bothell, WA 98021
      View Details
    • Contact for pricing
      2,716 SF

      Bothell Flex/Industrial Space Available

      Flex/Industrial space available for rent in Bothell, Washington.
      21720 23Rd Dr SE, Bothell, WA 98021
      View Details
    • Contact for pricing
      3,749 SF

      Retail Pad Site Available

      Pad site available for up to 3,500 SF building.
      24134 Bothell Everett Hwy, Bothell, WA 98021
      View Details
    • $23 SF/Yr
      33,526 SF

      Bothell Office Space For Lease

      33,526 SF office space available for lease in Bothell.
      3700 Monte Villa Pkwy, Bothell, WA 98021
      View Details
    • $20 SF/Yr
      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 98021
      View Details
    • $22 SF/Yr
      16,126 SF

      Bothell Office Space: Canyon Park West

      Class A Office Suites, Coworking Available
      22722 29Th Dr, Bothell, WA 98021
      View Details
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    1121 244th SW St
    Bothell, WA 98021-8556
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    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
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