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    17000 140th NE Ave Woodinville, WA 98072-6928
    Property profile & analytics

    17000 140th NE Ave Woodinville, WA 98072-6928

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    • Medical Office Space
    • 44,768 SF
    • 1.64 lot acres
    For Lease
    $15,480,000
    View Listing →
    Woodinville Office Space Available For Lease
    $15,480,000
    5,938 SF

    Woodinville Office Space Available

    Office space available for rent in Woodinville, Washington.

    17000 140th Ave NE, Woodinville, WA
    View Listing
    Property ID
    US90-1374081
    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.
    Value Estimations
    $15,480,000
    Cap Rate Potential
    3.1%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • WOODINVILLE MEDICAL CENTER / Medical Clinic
    • Koczarski Family & Aesthetic Dentistry / Dental Office
    • Woodinville Pediatric Dentistry / Dental Office
    • Dr. Rama Oskouian, DMD / Dental Office
    • Woodinville Endodontics / Dental Office

    Property Details for 17000 140th NE Ave

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    1.64 lot acres
    Property size
    44,768 SF
    Zone code
    CBD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    102605-9078
    APU
    1026059078

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $19,030,000
      ML approach
      $9,425,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $17,685,000
      Current use
      RESTAURANT
      $23,750,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $22,820,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $20,550,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $17,560,000
      Change: -1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $17,075,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $16,880,000
      Change: -5% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $15,520,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodinville
    County
    King
    State
    Washington
    Longitude
    -122.152
    Latitude
    47.7511
    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
    $134,567
    $2,500,300
    $13,226,000
    $15,726,300
    -
    $2,500,300
    $13,226,000
    $15,726,300

    Comparable in this City

    • Value Estimation
      $4,030,000
      23,000 SF

      16916 140th NE Ave

      MEDICAL BUILDING • 23,000 SF
      16916 140th NE Ave, Woodinville, WA 98072-6957
      View Details
    • Value Estimation
      $1,365,000
      2,039 SF

      12625 173rd Pl

      MEDICAL BUILDING • 2,039 SF
      12625 173rd Pl, Woodinville, WA 98072-7986
      View Details
    • Value Estimation
      $1,805,000
      4,760 SF

      13515 175th St

      MEDICAL BUILDING • 4,760 SF
      13515 175th St, Woodinville, WA 98072-8566
      View Details
    • Value Estimation
      $1,670,000
      2,016 SF

      13515 175th St

      MEDICAL BUILDING • 2,016 SF
      13515 175th St, Woodinville, WA 98072-8566
      View Details
    • Value Estimation by Request

      14419 Redmond - Woodinville Rd

      Office Units
      14419 Redmond - Woodinville Rd, Woodinville, WA 98072
      View Details
    • Value Estimation
      $915,000
      36,816 SF

      18200 Woodinville Snohomish NE Rd

      HOMES (RETIRED, NURSING) • 36,816 SF
      18200 Woodinville Snohomish NE Rd, Woodinville, WA 98072-4344
      View Details

    Similar Nearby for Sale

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      2,910 SF

      Woodinville Office Building For Sale

      Office building with various use possibilities in Woodinville, WA.
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      View Details
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      Woodinville Industrial Warehouse For Sale

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      Land Pad Site Opportunity

      Land available next to proposed 7-Eleven.
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    • Contact for pricing

      Woodinville Vacant Land Parcel

      9,583 sq ft vacant land in Woodinville, WA.
      23914 51St Ave, Woodinville, WA 98072
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      Woodinville Industrial Space Available

      Industrial property available for rent in Woodinville, Washington.
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    • $1,000,000
      2,185 SF

      Woodinville Industrial Property For Sale

      Industrial property for sale, walking distance to downtown Woodinville.
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    Similar Nearby for Lease

    • Contact for pricing
      5,938 SF

      Woodinville Medical Center Office Space

      Office space available for lease or sublease in Woodinville, WA.
      17000 140Th Ave NE, Woodinville, WA 98072
      View Details
    • $2,500 /Mo
      625 SF

      Woodinville Commercial Space For Rent

      Commercial space available for rent in Woodinville, Washington.
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    • Contact for pricing
      1,194 SF

      Woodinville Office Space For Rent

      First floor office space with tenant improvements available.
      19011 Woodinville Snohomish Rd, Woodinville, WA 98072
      View Details
    • Contact for pricing
      2,130 SF

      Woodinville Office Space Available

      Office space available for lease in Woodinville, Washington.
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    • Contact for pricing

      Woodinville Industrial Space Available Now

      10,000 SF industrial space with office in Woodinville.
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      View Details
    • $91,694
      55,572 SF

      Warehouse and Retail/Office/Flex Complex

      Under construction warehouse, retail, office, and flex space for lease.
      21301 87Th Ave SE, Woodinville, WA 98072
      View Details
    View Listing
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    Woodinville, WA 98072-6928
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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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