Add Listing
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

    17321 Bothell NE Way Bothell, WA 98011-1903

    • Retail space
    • 2,490 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0683084
    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

    • Yakima Fruit Market & Nursery / Food Market / Specialty Food Shop

    Property Details for 17321 Bothell NE Way

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    2,490 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    072605-9230
    APU
    726059230

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $685,000
      7%
      $635,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $975,000
      Current use
      MEDICAL BUILDING
      $985,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    King
    State
    Washington
    Longitude
    -122.213
    Latitude
    47.7531
    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
    $6,614
    $620,000
    $44,400
    $664,400
    -
    $620,000
    $44,400
    $664,400

    Comparable in this City

    • Value Estimation by Request
      22,442 SF

      18438 120th NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 22,442 SF
      18438 120th NE Ave, Bothell, WA 98011-9519
      View Details
    • Value Estimation by Request
      1,934 SF

      18206 Bothell NE Way

      RETAIL STORES (PERSONAL SERVICES) • 1,934 SF
      18206 Bothell NE Way, Bothell, WA 98011-1922
      View Details
    • Value Estimation by Request
      0.98 Acres

      17321 Bothell NE Way

      RETAIL STORES (PERSONAL SERVICES) • 0.98 Acres
      17321 Bothell NE Way, Bothell, WA 98011-1903
      View Details
    • Value Estimation by Request
      1,479 SF

      17324 Bothell NE Way

      RETAIL STORES (PERSONAL SERVICES) • 1,479 SF
      17324 Bothell NE Way, Bothell, WA 98011-1904
      View Details
    • Value Estimation
      $2,575,000
      12,929 SF

      10125 Main St

      RETAIL STORES (PERSONAL SERVICES) • 12,929 SF
      10125 Main St, Bothell, WA 98011-3425
      View Details
    • Value Estimation by Request
      4,650 SF

      19111 Bothell Way

      Individual retail properties • 4,650 SF
      19111 Bothell Way, Bothell, WA 98011
      View Details

    Similar Nearby for Sale

    • $950,000

      Retail Building on Historic Main

      Two-tenant retail building in downtown Bothell's historic Main Street.
      10110 Main St, Bothell, WA 98011
      View Details
    • $1,200,000
      2,500 SF

      Retail Building with Approved Drive-Thru

      Single-story retail building with approved drive-thru, excellent freeway exposure.
      18007 120Th Ave NE, Bothell, WA 98011
      View Details
    • $899,000

      Bothell Townhome Development Opportunity

      Permitted four-unit townhome project in Bothell, Northshore School District.
      17533 Brickyard Rd, Bothell, WA 98011
      View Details
    • Contact for pricing

      Development Opportunity in Downtown Bothell

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

      Bothell Medical/Dental Office Space

      1,362 SF office space in downtown Bothell available now.
      18323 98Th Ave NE, Bothell, WA 98011
      View Details
    • $10,770,000
      59,830 SF

      Bothell Flex Building For Sale

      Flex building in North Creek market, suitable for various uses.
      19201 120Th Ave NE, Bothell, WA 98011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,525 SF

      Downtown Bothell Retail Space

      Ready-to-go retail space in Bothell's growing downtown core.
      9924 Northeast 185Th St, Bothell, WA 98011
      View Details
    • Contact for pricing
      1,950 SF

      Bothell Retail Space Available

      Retail space available for rent in Bothell, Washington.
      22833 Bothell Way SE, Bothell, WA 98011
      View Details
    • Contact for pricing
      1,518 SF

      Bothell Mixed-Use Retail Space

      Vibrant retail space near Biotech Corridor and University of Washington.
      19116-19122 Beardslee Blvd, Bothell, WA 98011
      View Details
    • Contact for pricing
      1,515 SF

      Downtown Bothell Mixed-Use Space

      Second generation retail/office space in downtown Bothell.
      18333 Bothell Way NE, Bothell, WA 98011
      View Details
    • Contact for pricing
      6,875 SF

      Bothell Freestanding Brick Building

      Freestanding building in downtown Bothell with high visibility.
      10027 Main St, Bothell, WA 98011
      View Details
    • $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
    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.
    17321 Bothell NE Way
    Bothell, WA 98011-1903
    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.
    Sign Up Successful!
    You now have access to more from Realmo!