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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Retail space
18803 Bothell NE Way Bothell, WA 98011
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1223084
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,000 SF
Lot
0.81 ac (35,406 SF)
Zoning code
GDC
APN
062605-9120
UPID
US90-1223084
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
-
Simply Amish Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$3.40M
Owner & transaction history
Just Looking Properties LLC · 9 yrs held
Just Looking Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
GDC · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to promote General Downtown Corridor uses
Zone name
General Downtown Corridor
General category
COMMERCIAL
Zone area
64.06 ac
Source
Realmo
Top alternative use upside
Medical building
$5.5M
+0.7%
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%
$4,175,000
6.5%
$3,855,000
7%
$3,580,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,490,000
Current use
MEDICAL BUILDING
$5,530,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,340,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,855,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±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
$243 / 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
$35,643
Tax year 2022
Assessed value
$3,936,900
Assessed 2022
Previous assessed
$3,936,900
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,664,000
Assessed improvement
$2,272,900
Land market value
$1,664,000
Improvement market value
$2,272,900
Total market value
$3,936,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
14,000 SF
Lot
0.81 ac (35,406 SF)
Zoning code
GDC
APN
062605-9120
UPID
US90-1223084
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GDC · Bothell, WAZoning GDC · permitted uses
GDC · 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 zone is to promote General Downtown Corridor uses
Zone name
General Downtown Corridor
General category
COMMERCIAL
Zone area
64.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
RETAIL STORES Current
MEDICAL BUILDING
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Just Looking Properties LLC
Entity
Mailing address
18811 BOTHELL WAY NE, BOTHELL, WA 98011-1987
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2017
$3,500,000
Just Looking Properties LLC
Bothell Court LLC
Warranty Deed
$2,222,000 · Banner Bank
Sep 30, 2013
—
Bothell Court LLC
William A Grift
Re-recorded Document
related
$1,249,471 · Banner Bank
Oct 6, 2010
—
Bothell Court LLC
Grift,william A & Diana L
Quit Claim Deed
related
—
Jul 1, 2003
—
Beta-bothelle Court LLC
Brunhaver,lewis G & Karen E
Quit Claim Deed
related
—
Jul 1, 2003
$2,100,000
William A Grift
Beta Bothel Court LLC
Grant Deed
$1,650,000 · Banner Bank
Apr 30, 1992
—
Beta Holdings Ltd Partnersh
Brunhaver,lewis
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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