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Property profile & analytics
FOR LEASE
Retail space
18438 120Th Ave Northeast Bothell, WA 98011
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1353840
For Lease
1 / 3
Contact for pricing
18438 120Th Ave Northeast, Bothell, WA 98011
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,442 SF
Lot
1.72 ac (74,940 SF)
Zoning code
R-AC, OP, CB, LI, MVSO
APN
613775-0020
UPID
US90-1353840
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
-
UPS Alliance Shipping Partner Courier Service Postal Service
-
US Foods CHEF'STORE Grocery & Convenience Store Distribution Center
-
Best Floor Coverings General Contractor Renovation Specialist
-
Exquisite Pest Control Bothell Garden Center
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
Old West North Creek LLC · 4 yrs held
Old West North Creek LLC
since 2021
Last sale
$25.8M
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
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
$110,928
Tax year 2022
Assessed value
$12,343,100
Assessed 2022
Previous assessed
$12,343,100
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,873,500
Assessed improvement
$10,469,600
Land market value
$1,873,500
Improvement market value
$10,469,600
Total market value
$12,343,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
22,442 SF
Lot
1.72 ac (74,940 SF)
Zoning code
R-AC, OP, CB, LI, MVSO
APN
613775-0020
UPID
US90-1353840
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
1.72 ac
Current owner
From public records · entity-resolved
Old West North Creek LLC
Entity
Free & Clear · 4 yrs held
Mailing address
15015 MAIN ST STE #203, BELLEVUE, WA 98007-5229
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Old West North Creek LLC
—
Deed
related
$2,600,000 · Bank Of America NA
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
—
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
—
—
Mba North Creek Plaza LLC
—
Deed Of Trust
related
$4,775,000 · Miscellaneous Ins 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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