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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18227 101st NE Ave Bothell, WA 98011-3401

    • Commercial real estate
    • 950 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    5.7%
    Commercial real estate
    Location Intelligence
    Property ID
    US90-0406386
    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

    • Oriental Lotus SPA / Massage Spa
    • Lovely Nails / Nail Salon

    Property Details for 18227 101st NE Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    950 SF
    Zone code
    DC
    Property type
    Commercial real estate
    APN
    082605-9162
    APU
    826059162

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $265,000
      6.5%
      $245,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $228,000
      Market price range: $54.2k - $384k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    King
    State
    Washington
    Longitude
    -122.206
    Latitude
    47.7608
    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
    $2,388
    $82,500
    $169,800
    $252,300
    -
    $82,500
    $169,800
    $252,300

    Comparable in this City

    • Value Estimation
      $280,000
      5,400 SF

      17208 Bothell NE Way

      COMMERCIAL (GENERAL) • 5,400 SF
      17208 Bothell NE Way, Bothell, WA 98011-1954
      View Details
    • Value Estimation
      $340,000
      1,480 SF

      18221 101st NE Ave

      COMMERCIAL (GENERAL) • 1,480 SF
      18221 101st NE Ave, Bothell, WA 98011-3401
      View Details
    • Value Estimation
      $540,000
      2,496 SF

      9025 Bothell Way

      COMMERCIAL (GENERAL) • 2,496 SF
      9025 Bothell Way, Bothell, WA 98011-3626
      View Details
    • Value Estimation
      $215,000
      646 SF

      18223 101st NE Ave

      COMMERCIAL (GENERAL) • 646 SF
      18223 101st NE Ave, Bothell, WA 98011-3401
      View Details
    • Value Estimation by Request
      320 SF

      Bothell, WA 98011

      COMMERCIAL (GENERAL) • 320 SF
      Bothell, WA 98011
      View Details
    • Value Estimation
      $475,000
      8,310 SF

      18404 120th NE Ave

      COMMERCIAL (GENERAL) • 8,310 SF
      18404 120th NE Ave, Bothell, WA 98011-9520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      59,830 SF

      59,830 SF The Wright Group Flex Building For Sale in Bothell

      59,830 SF The Wright Group Flex Building For Sale in Bothell
      19201 120th Ave NE, Bothell, WA 98011
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    • $1,398,000

      Bothell Development Opportunity

      10,791 SF lot near downtown Bothell, up-zoned R-M4.
      10335 NE 189Th St, Bothell, WA 98011
      View Details
    • $1,750,000

      Downtown Bothell Development Opportunity

      Commercial building on a 7,080 sq ft lot in Bothell.
      18414 103Rd Ave NE, Bothell, WA 98011
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    • $550,000
      1,344 SF

      Updated Two-Story Unit with Balconies

      Updated two-story unit featuring balconies, granite counters, and two parking.
      15809 Waynita Way NE, Bothell, WA 98011
      View Details
    • $883,000

      Vacant Lot Near Downtown Bothell

      Cleared lot near I-405, close to schools, shopping, and recreation.
      16500 107Th Pl NE, Bothell, WA 98011
      View Details
    • $3,200,000

      Development Opportunity in Downtown Bothell

      Two homes on a large lot, ideal for development.
      10116 NE 187Th St, Bothell, WA 98011
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    Similar Nearby for Lease

    • $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
    • $32 SF/Yr
      6,875 SF

      Bothell Freestanding Brick Building

      Freestanding building in downtown Bothell with high visibility.
      10027 Main St, Bothell, WA 98011
      View Details
    • $26 SF/Yr
      5,067 SF

      Office Space Available For Rent

      Second floor office space with multiple private offices and amenities.
      11812 North Creek Pkwy N, Bothell, WA 98011
      View Details
    • Contact for pricing
      14,665 SF

      Bothell Office Space Available

      Office space available for rent in Bothell, Washington.
      20000 North Creek Pkwy, Bothell, WA 98011
      View Details
    • $20 SF/Yr
      57,000 SF

      Bothell Flex Space Available

      Turnkey office and warehouse space in North Creek Business Park.
      11822 North Creek Pkwy N, 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
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    18227 101st NE Ave
    Bothell, WA 98011-3401
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    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
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