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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Commercial real estate
18404 120th NE Ave Bothell, WA 98011-9520
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1374178
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,310 SF
Lot
1.1 ac (47,952 SF)
Zoning code
R-AC, OP, CB, LI, MVSO
APN
613775-0030
UPID
US90-1374178
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
-
Greek Pita Restaurant
-
North Creek Plaza Shopping Center & Mall
-
Mr. Dryer Vent Cleaning Of Bothell Department Store
-
Modoo Banjeom Restaurant
-
Taco Del Mar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Puget Sound Energy INC · 2 yrs held
Puget Sound Energy INC
since 2024
7 recorded transactions
Zoning & alternative use
R-AC, OP, CB, LI, MVSO · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,315,000
6.5%
$2,135,000
7%
$1,985,000
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±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
$239 / 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
$41,796
Tax year 2022
Assessed value
$4,570,500
Assessed 2022
Previous assessed
$4,570,500
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,198,800
Assessed improvement
$3,371,700
Land market value
$1,198,800
Improvement market value
$3,371,700
Total market value
$4,570,500
Applied tax rate
870.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
8,310 SF
Lot
1.1 ac (47,952 SF)
Zoning code
R-AC, OP, CB, LI, MVSO
APN
613775-0030
UPID
US90-1374178
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-AC, OP, CB, LI, MVSO · Bothell, WA
Zoning R-AC, OP, CB, LI, MVSO · permitted uses
R-AC, OP, CB, LI, MVSO · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bothell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Puget Sound Energy INC
Entity
Free & Clear · 2 yrs held
Mailing address
355 110TH AVE, BELLEVUE, WA 98004-5862
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
—
Puget Sound Energy INC
Old West North Creek LLC
Lease
—
Nov 23, 2021
$25,750,000
Old West North Creek LLC
William Potts
Bargain And Sale Deed
—
Nov 19, 2021
—
William Potts
Mba North Creek Plaza LLC
Quit Claim Deed
related
—
Apr 30, 2019
—
Mba North Creek Plaza LLC
—
Grant Deed
related
$4,775,000 · Miscellaneous Ins Co
Sep 3, 2010
—
Mba North Creek Plaza LLC
—
Deed Of Trust
related
$6,300,000 · Wells Fargo Bank
Jan 22, 2007
$7,050,000
Mba North Creek Plaza LLC
Shdp Associates LLC
Warranty Deed
—
Jan 4, 2007
—
Shdp Associates LLC
North Creek Plaza Assocs LLC
Grant Deed
—
Jul 17, 2002
—
North Creek Plaza Assoc LLC
—
Deed Of Trust
related
$8,030,000 · Macquarie Real Estate Finance
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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