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    Property profile & analytics

    16000 Bothell Everett Hwy Mill Creek, WA 98012-1742

    • Office buildings
    • 30,413 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $8,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3304246
    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

    • Office buildings

    Property Details for 16000 Bothell Everett Hwy

    Year built
    1985
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.70 lot acres
    Property size
    30,413 SF
    Zone code
    BP
    Property type
    Office buildings
    APN
    689100002200
    APU
    689100002200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,630,000
      6.5%
      $8,890,000
      7%
      $8,255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mill Creek
    County
    Snohomish
    State
    Washington
    Longitude
    -122.219
    Latitude
    47.8531
    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
    $78,578
    $2,641,800
    $6,205,900
    $8,847,700
    -
    $2,641,800
    $6,205,900
    $8,847,700

    Comparable in this City

    • Value Estimation
      $3,040,000
      20,350 SF

      16504 9th SE Ave

      PROFESSIONAL BUILDING • 20,350 SF
      16504 9th SE Ave, Mill Creek, WA 98012-6396
      View Details
    • Value Estimation
      $2,380,000
      15,980 SF

      15130 Main St

      PROFESSIONAL BUILDING • 15,980 SF
      15130 Main St, Mill Creek, WA 98012-7370
      View Details
    • Value Estimation by Request
      1,200 SF

      4200 132nd SE St

      PROFESSIONAL BUILDING • 1,200 SF
      4200 132nd SE St, Mill Creek, WA 98012-8994
      View Details
    • Value Estimation
      $2,815,000
      10,304 SF

      17907 Bothell Everett Hwy

      PROFESSIONAL BUILDING • 10,304 SF
      17907 Bothell Everett Hwy, Bothell, WA 98012-6343
      View Details
    • Value Estimation
      $2,255,000
      10,304 SF

      17903 Bothell Everett Hwy

      PROFESSIONAL BUILDING • 10,304 SF
      17903 Bothell Everett Hwy, Bothell, WA 98012-6318
      View Details
    • Value Estimation
      $2,175,000
      6,437 SF

      15524 Country Clb Dr

      PROFESSIONAL BUILDING • 6,437 SF
      15524 Country Clb Dr, Mill Creek, WA 98012-1201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,397 SF

      Creekside Professional Building Investment Opportunity

      Turnkey, 100% occupied building with durable income and NNN leases.
      16504 9Th Ave SE, Mill Creek, WA 98012
      View Details
    • Contact for pricing
      19,397 SF

      Creekside Professional Building Investment Opportunity

      Turnkey, 100% occupied medical/professional building in desirable location.
      16504 9Th Ave SE, Mill Creek, WA 98012
      View Details
    • Contact for pricing

      Medical Office Space Sublease

      Small medical office space for sublease in Mill Creek.
      1025 153Rd St Southeast, Mill Creek, WA 98012
      View Details
    • Contact for pricing
      4,487 SF

      Mill Creek Office Space

      2016 square foot office property in Mill Creek, Washington.
      16000 Mill Creek Blvd, Mill Creek, WA 98012
      View Details
    • Contact for pricing

      Established Nail Salon, Bothell, WA

      Turnkey Nail Salon - High Traffic Location
      212 Winesap Rd, Bothell, WA 98012
      View Details
    • Contact for pricing

      Redevelopment Site in Mill Creek

      Prime location with strong visibility and redevelopment potential.
      4200 132Nd St SE, Mill Creek, WA 98012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Mill Creek Office Spaces

      Brand new, fully built-out office and small business spaces for lease.
      4008 133Rd Pl SE, Mill Creek, WA 98012
      View Details
    • Contact for pricing

      Mill Creek Pavilion Retail Space

      Retail space in high-traffic area, divisible to 1,280 SF.
      16030 Bothell Everett Hwy, Mill Creek, WA 98012
      View Details
    • $1,466 /Mo
      733 SF

      Bothell Office in Commercial District

      Expansive second-story office space in a busy Bothell district.
      1729 208Th St SE, Bothell, WA 98012
      View Details
    • $22 SF/Yr

      Prime Commercial Office Space Available

      Modern office space with ample parking and excellent location.
      24003 Bothell Everett Hwy, Bothell, WA 98012
      View Details
    • Contact for pricing

      Second Floor Office Space Available

      Second floor office space with open area and private deck.
      4012 148Th St SE, Mill Creek, WA 98012
      View Details
    • $24 SF/Yr
      2,200 SF

      Medical Office Space Available

      4,400 SF medical office space in high-traffic area.
      16030 Bothell Everett Hwy, Mill Creek, WA 98012
      View Details
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    Mill Creek, WA 98012-1742
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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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