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Property profile & analytics
OFF-MARKET
Estimated value
$26,440,000
Apartment buildings
16520 Nn Rd Bothell, WA 98012-5991
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-3349379
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Construction
WOOD
Total area
129,525 SF
Lot
6.42 ac (279,655 SF)
Zoning code
CB
APN
508900000101
UPID
US90-3349379
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
-
GeekZoneHosting.Com, LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Leadspidea.com Marketing & Advertising
-
The Marina at Martha Lake Apartment Complex Apartment Building
-
AmazoniaGreenCleaningLLC Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.44M
Owner & transaction history
The Marina At Martha Lake LLC · 1 yrs held
The Marina At Martha Lake LLC
since 2024
Last sale
$34.7M
7 recorded transactions
Zoning & alternative use
CB · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,290,000
6.5%
$29,805,000
7%
$27,675,000
Blend value · Realmo final
$26.44M
Range $23.80M – $29.08M · ±10% · vs last sale $34.70M (Apr 29 2024)
Last sale anchor
$34.70M
Apr 29 2024
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
$204 / 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
$298,432
Tax year 2023
Assessed value
$36,856,800
Assessed 2023
Previous assessed
$26,443,000
+39.4% YoY
Effective rate
0.81%
On assessed value
Assessed land
$9,732,400
Assessed improvement
$27,124,400
Land market value
$9,732,400
Improvement market value
$27,124,400
Total market value
$36,856,800
Applied tax rate
2,446.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
129,525 SF
Lot
6.42 ac (279,655 SF)
Zoning code
CB
APN
508900000101
UPID
US90-3349379
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bothell, WA
Zoning CB · permitted uses
CB · 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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
6.42 ac
Current owner
From public records · entity-resolved
The Marina At Martha Lake LLC
Entity
Free & Clear · 1 yrs held
Mailing address
701 5TH AVE STE #5700, SEATTLE, WA 98104-7014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
The Marina At Martha Lake LLC
—
Deed
related
$24,325,000 · Cbre Capital Markets INC
Jul 29, 2024
$34,700,000
The Marina At Martha Lake LLC
Bordeaux Venture LLC
Special Warranty Deed
—
May 12, 2017
$25,950,400
Bordeaux Venture LLC
Hz Bordeaux Apartments LLC
Grant Deed
$19,090,000 · Cbre Cap Markets
Mar 30, 2011
$12,752,000
Csd Bordeaux LLC
Leeward Strategic Props INC
Grant Deed
$8,500,000 · Cbre Multifamily Cap
Aug 31, 2010
$11,700,000
Leeward Strategic Props INC
Larson Michael A
Trustees Deed
related
—
Apr 2, 2007
—
Anf Summer Mill LLC
—
Deed Of Trust
related
$69,000,000 · General Electric Capital Corp
Feb 14, 2006
$12,669,260
Anf Summer Mill LLC
Summer Mill LLC
Grant Deed
—
Jan 25, 2001
$313,398
American Investment Mtg INC
Hiraoka,takeshi
Trustees Deed
related
—
Nov 6, 1996
$190,000
Suzuran Yakkyoku Co Ltd
Ikeno,fujio
Grant Deed
—
May 1, 1990
$218,750
—
—
Grant Deed
related
$188,125 · Orient Corp
—
—
Hz Bordeaux Apartments LLC
—
Loan Modification
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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