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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Warehouses
17616 15th SE Ave Bothell, WA 98012-6475
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1531823
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
19,703 SF
Lot
2.16 ac (94,090 SF)
Zoning code
GC
APN
27050700401800
UPID
US90-1531823
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
-
Reina Beauty Spa & Massage Center Skin Care Clinic
-
Elevar Pole & Fitness Training Center
-
Bane Storage Facility Storage Facility
-
Patanjali Ayurved Wholesale Store Cosmetic Store Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.62M
Owner & transaction history
The Lincoln National Life Insurance · 3 yrs held
The Lincoln National Life Insurance
since 2023
7 recorded transactions
Zoning & alternative use
GC · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Permit Center | Bothell WA
Top alternative use upside
Retail stores
$5.7M
+0.8%
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 Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell 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%
$4,150,000
6.5%
$3,835,000
7%
$3,560,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,690,000
Current use
RETAIL STORES
$5,735,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$183 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$63,916
Tax year 2023
Assessed value
$7,030,000
Assessed 2023
Previous assessed
$6,670,000
+5.4% YoY
Effective rate
0.91%
On assessed value
Assessed land
$3,057,700
Assessed improvement
$3,972,300
Land market value
$3,057,700
Improvement market value
$3,972,300
Total market value
$7,030,000
Applied tax rate
3,045.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
19,703 SF
Lot
2.16 ac (94,090 SF)
Zoning code
GC
APN
27050700401800
UPID
US90-1531823
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Bothell, WAZoning GC · permitted uses
GC · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Permit Center | Bothell WA
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.7M
RETAIL STORES
Est. value
$5.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.16 ac
Current owner
From public records · entity-resolved
The Lincoln National Life Insurance
Individual
Mailing address
100 N GREENE ST, GREENSBORO, NC 27401-2547
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
The Lincoln National Life Insurance
Standard Insurance Compnay
Assignment Of Lease (leasehold Sale)
—
Mar 19, 2020
$7,000,000
Tabit Partners
C Bolum Family LLC
Correction Deed
related
—
Feb 18, 2020
$7,000,000
Kelly M Yates PLLC
C Bolum Family LLC
Warranty Deed
—
Feb 18, 2020
—
Tabit Partners
—
Deed
related
$4,550,000 · Miscellaneous Ins Co
Feb 18, 2015
$2,200,000
C Bolum Family LLC
Siderius Michael|pettersson Ragnar
Trustees Deed
related
$2,179,650 · Rain City Cap
—
—
Ragnar Petterson
—
Deed Of Trust
related
$1,304,815 · Frontier Bank
—
—
C Bolum Family LLC
—
Deed Of Trust
related
$2,179,650 · Rain City Cap
—
—
Ragnar Pettersson
—
Deed Of Trust
related
$1,000,000 · Legacy Group Capital
—
—
Ragnar Pettersson
—
Deed Of Trust
related
$1,500,000 · Investors Guaranty LLC
—
—
Tabit Partners
—
Deed Of Trust
related
$4,550,000 · Miscellaneous Ins Co
—
—
Ragnar Pettersson
—
Deed Of Trust
related
$2,173,648 · Frontier 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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