Back to Search
Property profile & analytics
FOR LEASE
Retail space
17849 Garden Way NE Woodinville, WA 98072
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0969340
For Lease
1 / 2
$36 SF/Yr
17849 Garden Way NE, Woodinville, WA 98072
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,862 SF
Lot
8.68 ac (378,160 SF)
Zoning code
CBD
APN
210600-0110
UPID
US90-0969340
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
-
Ross Dress for Less Men'S Clothing Store Shoe Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.72M
Owner & transaction history
Downtown Woodinville LLC · 7 yrs held
Downtown Woodinville LLC
since 2019
3 recorded transactions
Zoning & alternative use
CBD · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.4M
+17.0%
Medical building
$15.0M
+0.7%
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%
$11,290,000
6.5%
$10,420,000
7%
$9,675,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,855,000
Current use
AUTO REPAIR, GARAGE
$17,380,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$14,955,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,440,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$14,275,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$13,125,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.72M
Range $9.64M – $11.79M · ±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
$283 / 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
$285,024
Tax year 2022
Assessed value
$30,960,800
Assessed 2022
Previous assessed
$30,960,800
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$13,235,600
Assessed improvement
$17,725,200
Land market value
$13,235,600
Improvement market value
$17,725,200
Total market value
$30,960,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
37,862 SF
Lot
8.68 ac (378,160 SF)
Zoning code
CBD
APN
210600-0110
UPID
US90-0969340
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
RETAIL STORES Current
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$17.4M
MEDICAL BUILDING
Est. value
$15.0M
INDUSTRIAL (GENERAL)
Est. value
$14.4M
OFFICE BUILDING
Est. value
$14.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Buildings
4
Lot
8.68 ac
Current owner
From public records · entity-resolved
Downtown Woodinville LLC
Entity
Mailing address
2608 2ND AVE #100, SEATTLE, WA 98121-1212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
—
Downtown Woodinville LLC
—
Grant Deed
related
$65,000,000 · Miscellaneous Ins Co
May 19, 2009
—
Downtown Woodinville LLC
—
Deed Of Trust
related
$43,750,000 · John Hancock Life Insurance Co
Jun 3, 2003
—
Downtwon Woodinville LLC
—
Deed Of Trust
related
$27,200,000 · Principal Life Insurance 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
