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    Property profile & analytics

    20631 Bothell Everett Hwy Bothell, WA 98012-7159

    • Retail space
    • 7,260 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    $1,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0508070
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bothell HVAC Services / HVAC Service / General Contractor
    • Canyon Park Licensing / Vehicle Inspection Center
    • Subway / Take-out & Catering
    • Advanced Air Masters / HVAC Service / General Contractor
    • Liberty Tax / Accounting Firm / Tax Preparation

    Property Details for 20631 Bothell Everett Hwy

    Year built
    1984
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.08 lot acres
    Property size
    7,260 SF
    Zone code
    SK
    Property type
    Retail space
    APN
    27052000302900
    APU
    27052000302900

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,705,000
      6.5%
      $1,575,000
      7%
      $1,460,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,115,000
      Current use
      WAREHOUSE, STORAGE
      $2,095,000
      Change: -1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    Snohomish
    State
    Washington
    Longitude
    -122.206
    Latitude
    47.8107
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,357
    $1,365,500
    $1,369,500
    $2,735,000
    -
    $1,365,500
    $1,369,500
    $2,735,000

    Comparable in this City

    • Value Estimation
      $2,265,000
      19,764 SF

      20617 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 19,764 SF
      20617 Bothell Everett Hwy, Bothell, WA 98012-8558
      View Details
    • Value Estimation
      $1,465,000
      9,480 SF

      13402 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 9,480 SF
      13402 Bothell Everett Hwy, Mill Creek, WA 98012-5313
      View Details
    • Value Estimation
      $1,755,000
      8,272 SF

      15415 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,272 SF
      15415 Main St, Mill Creek, WA 98012-9000
      View Details
    • Value Estimation
      $1,405,000
      9,891 SF

      212 Winesap Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,891 SF
      212 Winesap Rd, Bothell, WA 98012-9205
      View Details
    • Value Estimation
      $2,705,000
      18,234 SF

      1018 164th SE St

      RETAIL STORES (PERSONAL SERVICES) • 18,234 SF
      1018 164th SE St, Mill Creek, WA 98012-1502
      View Details
    • Value Estimation
      $1,085,000
      3,890 SF

      19525 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,890 SF
      19525 Bothell Everett Hwy, Bothell, WA 98012-7116
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,272 SF

      Restaurant and Bar Building For Sale

      Restaurant and bar building with outdoor patio and equipment.
      15310 Main St, Mill Creek, WA 98012
      View Details
    • Contact for pricing

      Established Nail Salon For Sale

      Corner nail salon on major street, turn-key operation.
      212 W Winesap Rd, Bothell, WA 98012
      View Details
    • $7,390,000
      4,077 SF

      Creekside Professional Building Investment Opportunity

      Turnkey, 100% occupied building with durable income and NNN leases.
      16504 9Th Ave SE, Mill Creek, WA 98012
      View Details
    • Contact for pricing

      Mill Creek Land for Sale

      3.6 acres zoned Business Park with self-storage potential.
      17414 Wa-527, Mill Creek, WA 98012
      View Details
    • Contact for pricing

      Redevelopment Site in Mill Creek

      Prime location with strong visibility and redevelopment potential.
      4200 132Nd St SE, Mill Creek, WA 98012
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    • $4,199,900

      Multifamily Investment Opportunity in Bothell

      17-unit multifamily property in Bothell's Canyon Park area.
      303 Poppy Rd, Bothell, WA 98012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,622 SF

      Retail Space in Mill Creek

      Retail space available in a multi-tenant neighborhood center.
      3916-3922 148Th Ct SE, Mill Creek, WA 98012
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Mill Creek

      Retail space available for lease in Mill Creek, WA.
      15603 Main St, Mill Creek, WA 98012
      View Details
    • Contact for pricing
      1,181 SF

      Retail Space in Mill Creek

      Grocery-anchored retail center with high visibility and foot traffic.
      1018 164Th Pl SE, Mill Creek, WA 98012
      View Details
    • $26 SF/Yr
      2,050 SF

      Retail Space Available For Rent

      Retail space with excellent corner location and high visibility.
      212 W Winesap Rd, Bothell, WA 98012
      View Details
    • Contact for pricing
      1,460 SF

      Retail Space in Mill Creek

      Highly visible retail space available in Mill Creek Crossing.
      18001 Bothell Everett Hwy, Bothell, WA 98012
      View Details
    • Contact for pricing

      New Mill Creek Office Spaces

      Brand new, fully built-out office and small business spaces for lease.
      4008 133Rd Pl SE, Mill Creek, WA 98012
      View Details
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    Bothell, WA 98012-7159
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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