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Property profile & analytics
OFF-MARKET
Office buildings
18916 Crk Pkwy Bothell, WA 98011-8017
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3172137
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,596 SF
Lot
1.65 ac (71,686 SF)
Zoning code
R-AC, OP, CB, LI
APN
697930-0020
UPID
US90-3172137
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
-
Parkside Deli Restaurant
-
Electrical Surplus Distribution LLC Building Supply Electrical Service
-
North Creek Parkway Center Business Service Center Corporate Office
-
Sonic Concepts Inc Industrial Manufacturer Production Facility
-
It's A Preemie Thing Department Store
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
Nitrogen Propco 2020 LP · 5 yrs held
Nitrogen Propco 2020 LP
since 2021
Last sale
$62.1M
7 recorded transactions
Zoning & alternative use
R-AC, OP, CB, LI · 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
$44,377
Tax year 2022
Assessed value
$4,703,300
Assessed 2022
Previous assessed
$4,703,300
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,792,100
Assessed improvement
$2,911,200
Land market value
$1,792,100
Improvement market value
$2,911,200
Total market value
$4,703,300
Applied tax rate
851.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
16,596 SF
Lot
1.65 ac (71,686 SF)
Zoning code
R-AC, OP, CB, LI
APN
697930-0020
UPID
US90-3172137
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-AC, OP, CB, LI · Bothell, WA
Zoning R-AC, OP, CB, LI · permitted uses
R-AC, OP, CB, LI · 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Nitrogen Propco 2020 LP
Entity
Mailing address
345 CALIFORNIA ST, SAN FRANCISCO, CA 94104-2606
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2023
—
Nitrogen Propco 2020 LP
—
Deed
related
$53,240,000 · Bredif Reit LLC
Jan 27, 2021
$62,100,000
Nitrogen Propco 2020 LP
North Creek Parkway Center Investor
Special Warranty Deed
—
Jan 26, 2021
—
North Crk Parkway Ctr Invtrs L
North Crk Parkway Ctr Invtrs L
Quit Claim Deed
related
—
Nov 27, 2017
$36,500,000
North Creek Parkway Center Inv
Kbs North Creek LLC
Trustees Deed
$23,725,000 · Keybank USA
Mar 12, 2013
—
Kbs North Creek LLC
—
Deed Of Trust
related
$60,000,000 · Us Bank NA
Jul 8, 2011
—
Kbs North Creek LLC
—
Deed Of Trust
related
$60,000,000 · Us Bank NA
Aug 28, 2008
$41,114,000
Kbs North Creek LLC
Rreef America Reit II Corp Kk
Grant Deed
—
Dec 12, 2002
$31,240
Rreef America Reit II Corp Kk
Eop Operating LP
Grant Deed
—
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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