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Property profile & analytics
FOR LEASE
Office buildings
19909 120Th Ave NE Bothell, WA 98011
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1039216
For Lease
$26 SF/Yr
19909 120Th Ave NE, Bothell, WA 98011
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,096 SF
Lot
3.71 ac (161,588 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0230
UPID
US90-1039216
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
-
Industrial Software Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Progressive Insurance Financial Advisor Insurance Agency
-
VPT Inc Electronics & Wireless Store
-
Advanced Integration Tech Corporate Office Factory
-
Time Share Resorts Group Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.67M
Owner & transaction history
Grosvenor Intl American Free · 12 yrs held
Grosvenor Intl American Free
since 2013
4 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%
$26,280,000
6.5%
$24,255,000
7%
$22,525,000
Blend value · Realmo final
$17.67M
Range $15.90M – $19.43M · ±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
$252 / 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
$154,977
Tax year 2022
Assessed value
$17,070,000
Assessed 2022
Previous assessed
$17,070,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$4,039,700
Assessed improvement
$13,030,300
Land market value
$4,039,700
Improvement market value
$13,030,300
Total market value
$17,070,000
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
2
Total area
70,096 SF
Lot
3.71 ac (161,588 SF)
Zoning code
R-AC, OP, CB, LI
APN
392700-0230
UPID
US90-1039216
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
2
Lot
3.71 ac
Current owner
From public records · entity-resolved
Grosvenor Intl American Free
Individual
Mailing address
1 CALIFORNIA ST STE #3000, SAN FRANCISCO, CA 94111-5431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2013
$17,033,888
Grosvenor Intl American Free
S/i North Creek Vii LLC
Grant Deed
—
Oct 27, 2000
—
S/i North Creek II LLC
S/i North Creek I LLC
Quit Claim Deed
related
—
Oct 21, 1997
$27,489,740
S/i North Creek I LLC
Northcreek Associates
Grant Deed
related
—
—
—
Grosvenor Intl American Free
—
Deed Of Trust
related
$36,000,000 · Hsbc Bank USA
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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