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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Medical Office Space
18321 98th NE Ave Bothell, WA 98011-3397
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0734782
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
WOOD
Total area
5,000 SF
Lot
0.43 ac (18,793 SF)
Zoning code
DN
APN
051600-0055
UPID
US90-0734782
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
-
Dr. Kristina A. Grey, DDS Dental Office
-
West Coast College of Dental Assisting Dental Office Vocational School
-
Michael Fey Dental Office
-
R|MILLER Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.35M
Owner & transaction history
Bothell 183 LLC · 1 yrs held
Bothell 183 LLC
since 2024
Last sale
$2.4M
7 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
Top alternative use upside
Office building
$3.0M
+52.8%
Restaurant
$2.7M
+34.3%
Auto repair, garage
$2.3M
+16.2%
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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,975,000
Current use
OFFICE BUILDING
$3,020,000
Change: +53% · Conversion: Easy
RESTAURANT
$2,655,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,295,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,960,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,905,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,735,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Nov 14 2024)
Last sale anchor
$2.35M
Nov 14 2024
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
$470 / 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
$14,323
Tax year 2022
Assessed value
$1,547,900
Assessed 2022
Previous assessed
$1,547,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,071,200
Assessed improvement
$476,700
Land market value
$1,071,200
Improvement market value
$476,700
Total market value
$1,547,900
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
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
5,000 SF
Lot
0.43 ac (18,793 SF)
Zoning code
DN
APN
051600-0055
UPID
US90-0734782
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Bothell 183 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
17358 BCH DR NE, LAKE FOREST PARK, WA 98155-4513
Ownership since
2024
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
Nov 14, 2024
—
Bothell 183 LLC
Robin Lee Miller
Quitclaim Deed
related
—
Aug 21, 2024
—
Robin Lee Miller
Bothell 183 LLC
Quit Claim Deed
related
—
Nov 25, 2019
—
Bothell 183 LLC
—
Deed
related
$1,000,000 · First Sec Bk/wa
Apr 30, 2012
$2,350,000
Bothell 183 LLC
Bothell Professional Plaza LLC
Warranty Deed
$1,880,000 · Us Bank NA
Aug 2, 2010
—
City Of Bothell
Northshore School Dist No 417
Grant Deed
$18,750,000 · Northshore School Dist No 417
Nov 1, 2007
$2,300,000
Bothell Professional Plaza LLC
Charm LLC
Warranty Deed
$1,500,000 · First Independent Bank
Nov 1, 2007
—
Charm LLC
Hudson B J & G L Trust
Warranty Deed
—
Jun 13, 2006
—
Charm LLC
Hudson B J & G L Trust
Warranty Deed
—
Jan 9, 2004
$2,100,000
Bobby J Hudson
Roselli,louis A & Sally B
Grant Deed
$1,650,000 · Evertrust Bank
Feb 14, 2003
—
Louis A Roselli
Roselli,louis A & Sally B
Quit Claim Deed
related
—
—
—
Bothell 183 LLC
—
Deed Of Trust
related
$1,000,000 · First Sec Bk/wa
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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