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Property profile & analytics
OFF-MARKET
Estimated value
$4,525,000
Office buildings
17311 135th NE Ave, Woodinville, WA 98072-3519
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1658324
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
15,658 SF
Lot
2.85 ac (123,958 SF)
Zoning code
CBD
APN
102605-9056
UPID
US90-1658324
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
-
Kate Aarden, LMT Alternative Medicine Practice Spa & Massage Center
-
Steven Montague Pediatrician Physician
-
Anthony M. Thompson, LMP Alternative Medicine Practice Acupuncture
-
Talley Teresa Counselor
-
Pac-Modal Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.53M
Owner & transaction history
Woodinville City Center LLC · 9 yrs held
Woodinville City Center LLC
since 2017
6 recorded transactions
Zoning & alternative use
CBD · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+21.8%
Medical building
$6.2M
+4.8%
Retail stores
$6.1M
+4.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,870,000
6.5%
$5,420,000
7%
$5,030,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,905,000
Current use
AUTO REPAIR, GARAGE
$7,190,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$6,185,000
Change: +5% · Conversion: Easy
RETAIL STORES
$6,140,000
Change: +4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,970,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,430,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.53M
Range $4.07M – $4.98M · ±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
$289 / 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
$112,520
Tax year 2022
Assessed value
$12,305,300
Assessed 2022
Previous assessed
$12,305,300
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$4,090,600
Assessed improvement
$8,214,700
Land market value
$4,090,600
Improvement market value
$8,214,700
Total market value
$12,305,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
15,658 SF
Lot
2.85 ac (123,958 SF)
Zoning code
CBD
APN
102605-9056
UPID
US90-1658324
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
OFFICE BUILDING Current
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1986
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
3
Lot
2.85 ac
Current owner
From public records · entity-resolved
Woodinville City Center LLC
Entity
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2017
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
Feb 23, 2024
—
Woodinville City Center LLC
—
Deed
related
—
Feb 2, 2022
—
Woodinville City Center LLC
—
Deed
related
—
Jan 20, 2017
$10,750,000
Woodinville City Center LLC
The Fowler Partnership
Warranty Deed
$7,000,000 · M & T Bank
Mar 11, 1997
—
Fowler Partnershep
175th Street Station Ptshp
Grant Deed
related
—
May 9, 1990
$1,310,000
175th Street Station Partne
Federal Deposit
Quit Claim Deed
related
—
—
—
Fowler Ptshp
—
Deed Of Trust
related
$200,000 · Washington First Int'l Bank
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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