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Property profile & analytics
FOR LEASE
Office buildings
12100 NE 195Th St Bothell, WA 98011
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3311896
For Lease
$22,710,000
12100 NE 195Th St, Bothell, WA 98011
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
125,106 SF
Lot
38.7 ac (1,685,772 SF)
Zoning code
R 2800, OP
APN
042605-9008
UPID
US90-3311896
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
-
System to ASIC, Inc. Industrial Manufacturer Production Facility
-
HUB International Insurance Agency
-
Washington State Department of Revenue State Government Office Local Government Office
-
Unified Billing, LLC Medical Billing Service
-
Evergreen Professional Recoveries Inc Accounting Firm Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.71M
Owner & transaction history
Troutdale Terrace Limited Partnersh · 4 yrs held
Troutdale Terrace Limited Partnersh
since 2021
Last sale
$27.3M
7 recorded transactions
Zoning & alternative use
R 2800, OP · 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
Method
Estimation
Statistic approach
$21,975,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.71M
Range $20.44M – $24.98M · ±10% · vs last sale $27.30M (Oct 12 2021)
Last sale anchor
$27.30M
Oct 12 2021
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
$182 / 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
$233,716
Tax year 2022
Assessed value
$27,471,000
Assessed 2022
Previous assessed
$27,471,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$23,471,000
Land market value
$4,000,000
Improvement market value
$23,471,000
Total market value
$27,471,000
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Bathrooms
0
Total area
125,106 SF
Lot
38.7 ac (1,685,772 SF)
Zoning code
R 2800, OP
APN
042605-9008
UPID
US90-3311896
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R 2800, OP · Bothell, WA
Zoning R 2800, OP · permitted uses
R 2800, OP · 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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Bathrooms
0
Lot
38.7 ac
Current owner
From public records · entity-resolved
Troutdale Terrace Limited Partnersh
Individual
Mailing address
210 SW MORRISON ST STE #600, PORTLAND, OR 97204-3150
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2021
$27,300,000
Troutdale Terrace Limited Partnersh
Scg North Creek Place LLC
Bargain And Sale Deed
$19,000,000 · Wells Fargo Bank NA
Oct 28, 2011
$24,500,000
Scg North Creek Place LLC
S/i North Creek Ix LLC
Grant Deed
—
Mar 31, 2006
—
S/i North Creek Ix LLC
—
Deed Of Trust
related
$15,000,000 · Bank Of America
Jan 12, 2006
$15,300,000
S/i North Creek Ix LLC
Northcreek Place LLC
Warranty Deed
—
Apr 21, 2005
—
Northcreek Place LLC
Spf Holding
Warranty Deed
—
Aug 15, 2001
—
Bothell City (wa)
Spf Holding Co
Grant Deed
related
—
Dec 23, 1997
—
Spf Holding Co
Sarkowsky,harman & Faye
Quit Claim Deed
related
—
—
—
Spf Holding Co
—
Deed Of Trust
related
$11,000,000 · Citicorp USA Corp
—
—
S/i North Creek Ix 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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