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Property profile & analytics
FOR LEASE
Medical Office Space
17000 140Th Ave NE Woodinville, WA 98072
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1374081
For Lease
1 / 2
$15,480,000
17000 140Th Ave NE, Woodinville, WA 98072
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
CONCRETE
Total area
44,768 SF
Lot
1.64 ac (71,438 SF)
Zoning code
CBD
APN
102605-9078
UPID
US90-1374081
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.48M
Owner & transaction history
Property Ventures Wmc LLC · 6 yrs held
Property Ventures Wmc LLC
since 2020
Last sale
$16.7M
4 recorded transactions
Zoning & alternative use
CBD · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.8M
+34.3%
Commercial (general)
$22.8M
+29.1%
Auto repair, garage
$20.6M
+16.2%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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
$19,030,000
ML approach
$9,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$15.48M
Range $13.93M – $17.03M · ±10% · vs last sale $16.70M (Mar 25 2020)
Last sale anchor
$16.70M
Mar 25 2020
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
$346 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$134,567
Tax year 2022
Assessed value
$15,726,300
Assessed 2022
Previous assessed
$15,726,300
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$2,500,300
Assessed improvement
$13,226,000
Land market value
$2,500,300
Improvement market value
$13,226,000
Total market value
$15,726,300
Applied tax rate
2,505.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1991
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Total area
44,768 SF
Lot
1.64 ac (71,438 SF)
Zoning code
CBD
APN
102605-9078
UPID
US90-1374081
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Woodinville, WA
Zoning CBD · permitted uses
CBD · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$17.7M
RESTAURANT
Est. value
$23.8M
COMMERCIAL (GENERAL)
Est. value
$22.8M
AUTO REPAIR, GARAGE
Est. value
$20.6M
RETAIL STORES
Est. value
$17.6M
INDUSTRIAL (GENERAL)
Est. value
$17.1M
OFFICE BUILDING
Est. value
$16.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.5M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1991
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Lot
1.64 ac
Current owner
From public records · entity-resolved
Property Ventures Wmc LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1421 34TH AVE STE #300, SEATTLE, WA 98122-3634
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
$16,700,000
Property Ventures Wmc LLC
Mrm Woodinville Medical LLC
Warranty Deed
—
Jul 17, 2017
$12,400,000
Mrm Woodinville Medical LLC
Woodinville Medical Center LLC
Warranty Deed
$7,600,000 · Miscellaneous Ins Co
Mar 5, 1991
$419,000
Woodinville Medical Ce
Ore
Grant Deed
—
—
—
Woodinville Medical Ctr Ptshp
—
Deed Of Trust
related
$4,000,000 · American United Life Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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