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Property profile & analytics
FOR LEASE
Medical Office Space

16030 Bothell Everett Hwy Mill Creek, WA 98012

26,304 SF 1.44 ac lot Built 1983
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-0754440
Property summary
AI-generated overview

This exceptional 935-square-foot medical office suite is located in the Mill Creek Pavilion, a 26,000-square-foot building situated in a high-traffic retail area with over 26,000 cars passing daily. The suite boasts excellent visibility and is ideally suited for medical or dental professionals. Features include a private waiting room, a reception desk area, two private offices, and a dedicated exam room. The quiet second-floor location offers elevator access and ample natural light through its windows. The building provides convenient parking at a ratio of 3.8 spaces per 1,000 square feet, ensuring ample parking for both tenants and their clients. The entire 30,000 square foot building is professionally managed and maintained, offering a worry-free environment. The suite is immediately available for lease, with a minimum lease of 935 square feet and a maximum contiguous lease of 935 square feet. The building's tenant mix primarily consists of medical and dental practices. The lease rate is $24.00 per square foot per year, plus NNN charges. Available January 1, 2025.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction TYPE NOT SPECIFIED
Total area 26,304 SF
Lot 1.44 ac (62,726 SF)
Zoning code BP
APN 689100002600
UPID US90-0754440
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.93M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.12M
Owner & transaction history
Cascade Investment Nw LLC · 7 yrs held
Cascade Investment Nw LLC
since 2018
7 recorded transactions
2018
$9.5M
2012
$6.7M
2005
$5.0M
1999
$23,200
1996
Price N/A
1991
$2,982
1969
Price N/A
Zoning & alternative use
BP · Mill Creek, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

17.20 BP - Business Park 17.21 TC - Town Center 17.22 General Provisions and Standards 17.23 Home Occupations 17.24 Maintenance and Alterations of Structures and Landscaping 17.26 Signs 17.27 Parking Standards and Requirements 17.28 Conditional Uses 17.29 Wireless Communications Facilities 17.30 Variances 17.32 Nonconforming Uses, Structures and Lots 17.34 D…

Zone name Business Park
General category INDUSTRIAL
Zone area 143.10 ac
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