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Property profile & analytics
OFF-MARKET
Medical Office Space
18120 97th NE Ave Bothell, WA 98011-3324
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1060406
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,255 SF
Lot
0.14 ac (5,885 SF)
Zoning code
DN
APN
192480-0065
UPID
US90-1060406
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
-
Allese M. Robertson-Johnson, LMP Alternative Medicine Practice Spa & Massage Center
-
360Sites Medical Clinic
-
Kimberly Alquist, CHT Physician
-
Dr. Robert Dragotti Physician
-
Tao Cosmetics Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bothell Way Apartments LLC · 11 yrs held
Bothell Way Apartments LLC
since 2014
4 recorded transactions
Zoning & alternative use
DN · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to promote Downtown Neighborhood uses
Zone name
Downtown Neighborhood
General category
COMMERCIAL
Zone area
50.68 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,162
Tax year 2022
Assessed value
$336,400
Assessed 2022
Previous assessed
$336,400
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$335,400
Assessed improvement
$1,000
Land market value
$335,400
Improvement market value
$1,000
Total market value
$336,400
Applied tax rate
859.0000
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
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
2,255 SF
Lot
0.14 ac (5,885 SF)
Zoning code
DN
APN
192480-0065
UPID
US90-1060406
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DN · Bothell, WAZoning DN · permitted uses
DN · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to promote Downtown Neighborhood uses
Zone name
Downtown Neighborhood
General category
COMMERCIAL
Zone area
50.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bothell Way Apartments LLC
Entity
Mailing address
9757 NE JUANITA DR STE #300, KIRKLAND, WA 98034-4291
Ownership since
2014
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
Nov 14, 2014
$650,000
Bothell Way Apartments LLC
Sockeye Investments LLC
Grant Deed
—
May 21, 1996
$250,000
Sockeye Investments LLC
Sather,ole & A K
Grant Deed
$175,000 · Seafirst Bank
Oct 31, 1989
$242,000
Ole Sather
Jensen,robert D&
Grant Deed
$164,600 · Seller
—
—
Sockeye Investments LLC
—
Deed Of Trust
related
$253,146 · Evergreenbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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