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Property profile & analytics
FOR LEASE
Office buildings
19803 North Creek Pkwy Bothell, WA 98011
Entity Owned
Free & Clear
Property ID
US90-1090689
For Lease
$8,360,000
19803 North Creek Pkwy, Bothell, WA 98011
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,226 SF
Lot
1.69 ac (73,476 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0030
UPID
US90-1090689
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
-
Glen Dawson Physician Medical Clinic
-
Elizabeth Viney, Ph.D. Medical Clinic Physician
-
Bethany Balkus Physician Medical Clinic
-
Nadia Rachel Counselor Practitioner Service Location
-
Dr. Shannon Dubois Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.36M
Owner & transaction history
North Creek 2 LLC
North Creek 2 LLC
since 2026
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,080,000
6.5%
$11,150,000
7%
$10,355,000
Blend value · Realmo final
$8.36M
Range $7.52M – $9.20M · ±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
$259 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$93,118
Tax year 2024
Assessed value
$8,161,300
Assessed 2023
Previous assessed
$8,161,300
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,836,900
Assessed improvement
$6,324,400
Land market value
$1,836,900
Improvement market value
$6,324,400
Total market value
$8,161,300
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
For Lease
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
32,226 SF
Lot
1.69 ac (73,476 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0030
UPID
US90-1090689
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
North Creek 2 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 5003, BELLEVUE, WA 98009-5003
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
$10,000,000
North Creek 2 LLC
Tech Center Mm Holding LLC
Bargain & Sale Deed
—
Feb 7, 2013
$25,800,000
Marymoor Warehouse Assocs LLC
S/i North Creek I LLC
Grant Deed
$14,200,000 · Sun Life Assurance Co
Oct 21, 1997
$27,507,367
S/i North Creek I LLC
Northcreek Associates
Grant Deed
related
—
—
—
S/i North Creek I LLC
—
Deed Of Trust
related
$10,000,000 · Metropolitan Life Insurance
—
—
S/i North Creek I LLC
—
Deed Of Trust
related
$16,600,000 · Metropolitan Life Insurance
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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