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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Warehouses
1621 196th SE St Bothell, WA 98012-7108
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-1541354
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
WOOD
Total area
13,500 SF
Lot
2.08 ac (90,605 SF)
Zoning code
UC
APN
27051800402100
UPID
US90-1541354
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Storage in Bothell | Affordable Self Storage Storage Facility
-
Vick Jewelry Design (Bike/Boat/Book/etc) Store
-
Trojan Storage of Bothell Storage Facility
-
U-Haul Self Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.64M
Owner & transaction history
Trojan Storage Of Bothell LLC · 7 yrs held
Trojan Storage Of Bothell LLC
since 2019
6 recorded transactions
Zoning & alternative use
UC · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Permit Center | Bothell WA
Top alternative use upside
Retail stores
$3.9M
+0.8%
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%
$2,845,000
6.5%
$2,625,000
7%
$2,440,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,900,000
Current use
RETAIL STORES
$3,930,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10%
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
$196 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$48,695
Tax year 2023
Assessed value
$5,840,000
Assessed 2023
Previous assessed
$5,786,000
+0.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,605,200
Assessed improvement
$3,234,800
Land market value
$2,605,200
Improvement market value
$3,234,800
Total market value
$5,840,000
Applied tax rate
4,137.0000
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
1985
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
6
Stories
2
Rooms
4
Bathrooms
1
Total area
13,500 SF
Lot
2.08 ac (90,605 SF)
Zoning code
UC
APN
27051800402100
UPID
US90-1541354
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Bothell, WAZoning UC · permitted uses
UC · 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
$3.9M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
6
Rooms
4
Bathrooms
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Trojan Storage Of Bothell LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1732 AVIATION BLVD #217, REDONDO BEACH, CA 90278-2810
Ownership since
2019
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 25, 2021
—
Trojan Storage Of Bothell LLC
—
Deed
related
$5,465,000 · State Farm Life Insurance Co
Oct 4, 2019
—
Trojan Storage Of Bothell LLC
—
Deed
related
$4,200,000 · Boeing Emps Cu
Jul 1, 2019
$6,000,000
Trojan Storage Of Bothell LLC
Dmt Ptshp
Grant Deed
—
Oct 1, 1990
$1,100,000
Ptnship Cosw Dmt
Unknown
Grant Deed
$935,000 · Seller
—
—
Trojan Storage Of Bothell LLC
—
Deed Of Trust
related
$4,200,000 · Boeing Emps Cu
—
—
Dmt Partnership
—
Deed Of Trust
related
$970,000 · Heller Financial
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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