Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16605 122nd NE Pl Bothell, WA 98011-7114

    • Assisted living facilities
    • 4,970 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2841649
    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

    • Longhouse Memory Care Household - Bothell / Assisted Living Facility
    • Home Smart Real Estate Associates, Steve Mohaupt / Real Estate Agent

    Property Details for 16605 122nd NE Pl

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.57 lot acres
    Property size
    4,970 SF
    Zone code
    R 9600
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    155253-0020
    APU
    1552530020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    King
    State
    Washington
    Longitude
    -122.177
    Latitude
    47.7485
    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
    2022
    $13,263
    $310,000
    $1,108,000
    $1,418,000
    -
    $310,000
    $1,108,000
    $1,418,000

    Comparable in this City

    • Value Estimation
      $4,385,000
      31,500 SF

      10130 Riverside Dr

      HOMES (RETIRED, NURSING) • 31,500 SF
      10130 Riverside Dr, Bothell, WA 98011-3754
      View Details
    • Value Estimation
      $755,000
      26,656 SF

      10605 185th St

      HOMES (RETIRED, NURSING) • 26,656 SF
      10605 185th St, Bothell, WA 98011-3051
      View Details
    • Value Estimation
      $1,140,000
      50,895 SF

      10519 Riverside Dr

      HOMES (RETIRED, NURSING) • 50,895 SF
      10519 Riverside Dr, Bothell, WA 98011-3799
      View Details
    • Value Estimation
      $3,050,000
      141,044 SF

      9930 Riverside Dr

      HOMES (RETIRED, NURSING) • 141,044 SF
      9930 Riverside Dr, Bothell, WA 98011
      View Details
    • Value Estimation by Request
      1,140 SF

      Bothell, WA 98011

      HOMES (RETIRED, NURSING) • 1,140 SF
      Bothell, WA 98011
      View Details
    • Value Estimation
      $2,150,000
      101,760 SF

      17502 102nd NE Ave

      HOMES (RETIRED, NURSING) • 101,760 SF
      17502 102nd NE Ave, Bothell, WA 98011-6704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      59,830 SF

      59,830 SF The Wright Group Flex Building For Sale in Bothell

      59,830 SF The Wright Group Flex Building For Sale in Bothell
      19201 120th Ave NE, Bothell, WA 98011
      View Details
    • $550,000
      1,344 SF

      Updated Two-Story Unit with Balconies

      Updated two-story unit featuring balconies, granite counters, and two parking.
      15809 Waynita Way NE, Bothell, WA 98011
      View Details
    • $1,398,000

      Bothell Development Opportunity

      10,791 SF lot near downtown Bothell, up-zoned R-M4.
      10335 NE 189Th St, Bothell, WA 98011
      View Details
    • $1,750,000

      Downtown Bothell Development Opportunity

      Commercial building on a 7,080 sq ft lot in Bothell.
      18414 103Rd Ave NE, Bothell, WA 98011
      View Details
    • $605,000
      1,252 SF

      Spacious Condo Near Sammamish River

      Updated 2-bedroom condo with river access and modern amenities.
      17426 Bothell Way NE, Bothell, WA 98011
      View Details
    • $3,200,000

      Development Opportunity in Downtown Bothell

      Two homes on a large lot, ideal for development.
      10116 NE 187Th St, Bothell, WA 98011
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      3,000 SF

      Versatile Warehouse/Office/Retail Space

      Adaptable space near Highway 522, suitable for various business needs.
      17514 Bothell Way NE, Bothell, WA 98011
      View Details
    • $32 SF/Yr
      6,875 SF

      Bothell Freestanding Brick Building

      Freestanding building in downtown Bothell with high visibility.
      10027 Main St, Bothell, WA 98011
      View Details
    • $26 SF/Yr
      5,067 SF

      Office Space Available For Rent

      Second floor office space with multiple private offices and amenities.
      11812 North Creek Pkwy N, Bothell, WA 98011
      View Details
    • $7,500 /Mo
      3,020 SF

      Bothell Office Building with Yard

      Single tenant office with yard space in downtown Bothell.
      9606 NE 180Th St, Bothell, WA 98011
      View Details
    • $26 SF/Yr
      11,493 SF

      Bothell Office Space Available

      Office space available for lease in Bothell, Washington.
      19800 North Creek Pkwy, Bothell, WA 98011
      View Details
    • $21 SF/Yr
      2,051 SF

      Bothell Office Space Available

      Office space available for lease in Bothell, Washington.
      19119 North Creek Pkwy, Bothell, WA 98011
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16605 122nd NE Pl
    Bothell, WA 98011-7114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.