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Property profile & analytics
FOR LEASE
Office buildings
11724 NE 195Th St Bothell, WA 98011
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1653300
For Lease
$25,610,000
11724 NE 195Th St, Bothell, WA 98011
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
STEEL FRAME
Total area
109,145 SF
Lot
3.23 ac (140,815 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0270
UPID
US90-1653300
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
-
Greenpoint Technologies Corporate Office Factory
-
Allegro Pediatrics - Bothell Medical Group Medical Office
-
Nisha Ahir, MD, MPH, FAAP Pediatrician Medical Clinic
-
Zenith American Solutions Business Administration Service
-
Carol Baer, MD, PhD, FAAP Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.61M
Owner & transaction history
Grosvenor Intl American Free · 12 yrs held
Grosvenor Intl American Free
since 2013
7 recorded transactions
Zoning & alternative use
R-AC, OP, CB, LI · 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
$235 / 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
$213,227
Tax year 2022
Assessed value
$24,074,000
Assessed 2022
Previous assessed
$24,074,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$4,928,500
Assessed improvement
$19,145,500
Land market value
$4,928,500
Improvement market value
$19,145,500
Total market value
$24,074,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2009
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
109,145 SF
Lot
3.23 ac (140,815 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0270
UPID
US90-1653300
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-AC, OP, CB, LI · Bothell, WA
Zoning 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
Bothell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
3.23 ac
Current owner
From public records · entity-resolved
Grosvenor Intl American Free
Individual
Mailing address
1 CALIFORNIA ST STE #2500, SAN FRANCISCO, CA 94111-5426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2013
$26,312,014
Grosvenor Intl American Free
S/i North Creek Viii LLC
Grant Deed
—
Aug 7, 2003
—
S/i North Creek Viii LLC
S/i North Creek II Lc
Quit Claim Deed
related
$4,225,000 · Wells Fargo Bank
Oct 27, 2000
—
S/i North Creek II LLC
S/i North Creek I LLC
Quit Claim Deed
related
—
Oct 21, 1997
$27,507,367
S/i North Creek I LLC
Northcreek Associates
Grant Deed
related
—
—
—
Grosvenor Intl American Free
—
Deed Of Trust
related
$36,000,000 · Hsbc Bank USA
—
—
S/i North Creek Viii LLC
—
Deed Of Trust
related
$21,000,000 · Wells Fargo Bank
—
—
S/i North Creek Viii LLC
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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