New search
Property profile & analytics
FOR SALE
Office buildings
21520 30Th Dr Southeast Bothell, WA 98021
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0352548
For Sale
1 / 3
$44,025,000
21520 30Th Dr Southeast, Bothell, WA 98021
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
78,000 SF
Lot
13.89 ac (605,048 SF)
Zoning code
OP, LI
APN
27052900100500
UPID
US90-0352548
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
-
ADP ES Tech Center Business Management Consultant
-
SteelWave | Highlands Real Estate Agency
-
Performance Software (Bike/Boat/Book/etc) Store Corporate Office
-
Ella's Deli Food Market Restaurant
-
Seagen Building 7 Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.03M
Owner & transaction history
Rref IV P Bothell LLC · 5 yrs held
Rref IV P Bothell LLC
since 2021
Last sale
$53.2M
6 recorded transactions
Zoning & alternative use
OP, 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$47,085,000
Current use
RESTAURANT
$40,425,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$44.03M
Range $39.62M – $48.43M · ±10% · vs last sale $53.22M (Apr 1 2021)
Last sale anchor
$53.22M
Apr 1 2021
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
$564 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$406,848
Tax year 2023
Assessed value
$49,674,900
Assessed 2023
Previous assessed
$48,681,700
+2.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$9,820,800
Assessed improvement
$39,854,100
Land market value
$9,820,800
Improvement market value
$39,854,100
Total market value
$49,674,900
Applied tax rate
902.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
PROFESSIONAL BUILDING
Status
For Sale
Year built
1999
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
78,000 SF
Lot
13.89 ac (605,048 SF)
Zoning code
OP, LI
APN
27052900100500
UPID
US90-0352548
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OP, LI · Bothell, WA
Zoning OP, LI · permitted uses
OP, 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$47.1M
RESTAURANT
Est. value
$40.4M
OFFICE BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
13.89 ac
Current owner
From public records · entity-resolved
Rref IV P Bothell LLC
Entity
Free & Clear · 5 yrs held
Mailing address
MIAMI, FL 33131
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
$53,218,162
Rref IV P Bothell LLC
1pm Bothell Investors LLC
Special Warranty Deed
—
Dec 13, 2018
$335,502,809
Ipxi Bothell Investors LLC
Ivc Highlands Ll LLC
Special Warranty Deed
$26,700,000 · M & T Bank
Jul 1, 2014
$33,706,975
Ivc Highlands Ll LLC
Lba Realty Fund II Company Xii LLC
Special Warranty Deed
$23,350,000 · Citigroup Global Markets Realty Cor
Jan 14, 2014
—
Lba Realty Fund II-company Xii
Lba Realty Fund II-wbp III LLC
Quit Claim Deed
—
May 5, 2006
—
Lba Realty Fund II-wbp III LLC
Bedford Property Investors INC
Grant Deed
related
$263,723,000 · Sunamerica Life Insurance Co
Feb 15, 2001
—
Bedford Property Investors INC
—
Deed Of Trust
related
$175,000,000 · Bank Of America
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.
