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Property profile & analytics
OFF-MARKET
Estimated value
$22,180,000
Warehouses
11720 Crk N Pkwy Bothell, WA 98011-4074
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-0660616
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
75,773 SF
Lot
5.01 ac (218,240 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0090
UPID
US90-0660616
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
-
Solta Medical Medical Laboratory
-
Ayala Office Law Firm
-
Bothell Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.24M
Comparable Approach
Comparable
$19.89M
Blend (final)
Blend
$22.18M
Owner & transaction history
Emachu North Creek Bus Park Bldg Ll · 1 yrs held
Emachu North Creek Bus Park Bldg Ll
since 2025
Last sale
$27.3M
6 recorded transactions
Zoning & alternative use
R-AC, OP, CB, LI · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Permit Center | Bothell WA
Top alternative use upside
Auto repair, garage
$34.8M
+60.0%
Medical building
$29.9M
+37.7%
Retail stores
$29.7M
+36.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,425,000
6.5%
$14,235,000
7%
$13,220,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,740,000
Current use
AUTO REPAIR, GARAGE
$34,785,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$29,930,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$29,725,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$28,900,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$22.18M
Range $19.96M – $24.40M · ±10% · vs last sale $27.30M (Dec 7 2024)
Last sale anchor
$27.30M
Dec 7 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$293 / SF
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
$148,958
Tax year 2022
Assessed value
$15,953,600
Assessed 2022
Previous assessed
$15,953,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$5,456,000
Assessed improvement
$10,497,600
Land market value
$5,456,000
Improvement market value
$10,497,600
Total market value
$15,953,600
Applied tax rate
851.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
75,773 SF
Lot
5.01 ac (218,240 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0090
UPID
US90-0660616
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-AC, OP, CB, LI · Bothell, WAZoning R-AC, OP, CB, LI · permitted uses
R-AC, OP, CB, LI · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Permit Center | Bothell WA
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$21.7M
AUTO REPAIR, GARAGE
Est. value
$34.8M
MEDICAL BUILDING
Est. value
$29.9M
RETAIL STORES
Est. value
$29.7M
INDUSTRIAL (GENERAL)
Est. value
$28.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
5.01 ac
Current owner
From public records · entity-resolved
Emachu North Creek Bus Park Bldg Ll
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 5003, BELLEVUE, WA 98009-5003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 7, 2025
$27,300,000
Emachu North Creek Bus Park Bldg Ll
Rh Ncbc7 Associates LLC
Bargain & Sale Deed
—
Jun 25, 2024
—
Rh Ncbc7 Associates LLC
—
Deed
related
$8,300,000 · Genworth Life Insurance Company
Jul 30, 2014
$10,200,000
Rh Ncbc7 Associates LLC
Bothell North Creek R/e INC
Grant Deed
$8,700,000 · Standard Insurance Co
Apr 29, 2013
$9,500,000
Bothell North Creek R & E INC
S/i North Creek I LLC
Grant Deed
$7,125,000 · Regions Bank
May 9, 2001
—
S/i North Creek I LLC
—
Deed Of Trust
related
$10,000,000 · Metropolitan Life Insurance
Oct 21, 1997
$27,507,367
S/i North Creek I LLC
Northcreek Associates
Grant Deed
related
—
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.
Try Rey
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