New search
Property profile & analytics
FOR SALE
Office buildings
19201 120Th Ave NE Bothell, WA 98011
Entity Owned
~
Est. High Equity
Property ID
US90-1650310
No photos on file
For Sale
$10,770,000
19201 120Th Ave NE, Bothell, WA 98011
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Debbie Farrar Physician Medical Clinic
-
Barry Glenn - State Farm Insurance Agent Insurance Agency
-
Taekwondo Way Training Center Sports School
-
Element Seattle - Bothell 120th Laboratory
-
Aarat Dance Academy 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
Gracestone Partners LLC
Gracestone Partners LLC
since 2026
Last sale
$10.2M
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
$154 / 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
$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
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
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, 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
1991
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
4.29 ac
Current owner
From public records · entity-resolved
Gracestone Partners LLC
Entity
Mailing address
720 SENECA ST STE B, SEATTLE, WA 98101-3265
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$10,195,000
Gracestone Partners LLC
Rh Wright LLC
Warranty Deed
$7,350,000 · Red Canoe Cu
Apr 20, 2018
—
Rh Wright LLC
—
Deed
related
$5,000,000 · Jpmorgan Chase Bank NA
Aug 17, 2004
—
Rh Wright LLC
Royal Hills Associates LLC
Warranty Deed
related
—
Jan 17, 2001
$8,600,000
Royal Hills Associates LLC
Wright Enterprises LLC
Grant Deed
$6,450,000 · Washington Mutual Fsb
Dec 7, 1999
—
Wright Enterprises LLC
Wright,thomas C
Quit Claim Deed
related
—
Nov 16, 1999
—
Thomas C Wright
Wright Family LP
Quit Claim Deed
related
—
Dec 28, 1992
—
Thomas C Wright
Wright,thomas C&
Quit Claim Deed
related
—
Apr 19, 1991
$6,022,000
Thomas C Wright
Quadrant
Grant Deed
$3,011,000 · Security Pacific National Bank
—
—
Rh Wright LLC
—
Deed Of Trust
related
$5,358,000 · Umpqua Bank
—
—
Wright Building
—
Deed Of Trust
related
$1,000,000 · Wright Enterprises LLC
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
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
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
