No photos on file
For Sale
$10,770,000
19201 120Th Ave NE, Bothell, WA 98011
View Listing →
Estimated value (blended)
$9.21M
Range $8.28M – $10.13M (±10%)
Property ID
US90-1650310
Property summary
AI-generated overview
The Wright Group Building at 19201 120th Avenue NE in Bothell, Washington is a 59,830-square-foot flex building situated on a 4.29-acre lot. The property is zoned R-AC, OP, CB, and LI, supporting a range of uses and potential future development, and it is designed to accommodate both owner-occupiers and investors. The building’s site provides access to major regional transportation routes, including I-405 and SR 522, and it is positioned near North Creek sportsfields and a walking/jogging trail within a park-like setting. A roof replacement was completed in 2024.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
CONCRETE
Total area
59,830 SF
Lot
4.29 ac (186,745 SF)
Zoning code
R-AC, OP, CB, LI
APN
697920-0230
UPID
US90-1650310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Insurance Agency
-
Training Center Sports School
-
Laboratory
-
Training 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
$9.21M
Owner & transaction history
since 2026
Last sale
$10.2M
7 recorded transactions
Zoning & alternative use
R-AC, OP, CB, LI · Bothell, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$9.21M
Value range
$8.28M – $10.13M
±10% around blend
Estimated value / SF
$154 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$8.28M
blend $9.21M
$10.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
59,830 SF
Lot area
4.29 ac
Year built
1991
Stories
2
APN
697920-0230
Assessed value
$14,566,700
Annual tax
$135,244
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$135,244
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$25.19M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.5 mi away · 55,125 SF
12.3 mi away · 44,090 SF
13.1 mi away · 69,731 SF
13.9 mi away · 53,480 SF
20.4 mi away · 67,260 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.21M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 26 sales
$604
-75%
County 676 sales
$377
-59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $154/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.26%
Selected cap rate for this office buildings
Derived from the Bothell market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.26%
9.0%
NOI (est.)
$675k *
Last sale · Feb 2026
$10.20M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.78M
Move the market yield to see immediate price impact.
Value / SF
$180
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.76%6.26%6.76%
$607k
$10.54M
$9.70M
$8.98M
$675k
$11.71M
$10.78M
$9.98M
$742k
$12.88M
$11.86M
$10.98M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$32.63M
4.0 mi · May 2026 · $488/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$135,244
Tax year 2022
Assessed value
$14,566,700
Assessed 2022
Previous assessed
$14,566,700
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$4,668,600
Assessed improvement
$9,898,100
Land market value
$4,668,600
Improvement market value
$9,898,100
Total market value
$14,566,700
Applied tax rate
851.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1991
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
59,830 SF
Lot
4.29 ac (186,745 SF)
Zoning code
R-AC, OP, CB, LI
APN
697920-0230
UPID
US90-1650310
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-AC, OP, CB, LI · Bothell, WAZoning R-AC, OP, CB, LI · permitted uses
R-AC, OP, CB, LI · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
4.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-AC, OP, CB, LI
Jurisdiction
Bothell, WA
Recorded code
R-AC, OP, CB, LI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-AC, OP, CB, LI in Bothell, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
