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Property profile & analytics
OFF-MARKET
Estimated value
$11,690,000
Life science properties
22032 23rd SE Dr Bothell, WA 98021-4414
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-1329117
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
21,740 SF
Lot
0.97 ac (42,253 SF)
Zoning code
OPLI
APN
27052900302300
UPID
US90-1329117
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
-
AGC Biologics - Building 6 Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.69M
Owner & transaction history
State Of Washington · 4 yrs held
State Of Washington
since 2021
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
OPLI · Bothell, WA
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
$13,350,000
ML approach
$10,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.69M
Range $10.52M – $12.86M · ±10% · vs last sale $11.50M (Oct 21 2021)
Last sale anchor
$11.50M
Oct 21 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
$538 / 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
$41,872
Tax year 2023
Assessed value
$5,220,100
Assessed 2023
Previous assessed
$4,585,900
+13.8% YoY
Effective rate
0.80%
On assessed value
Assessed land
$818,800
Assessed improvement
$4,401,300
Land market value
$818,800
Improvement market value
$4,401,300
Total market value
$5,220,100
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 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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
21,740 SF
Lot
0.97 ac (42,253 SF)
Zoning code
OPLI
APN
27052900302300
UPID
US90-1329117
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OPLI · Bothell, WAZoning OPLI · permitted uses
OPLI · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Permit Center | Bothell WA
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Free & Clear · 4 yrs held
Mailing address
22021 20TH AVE SE, BOTHELL, WA 98021-4406
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
—
State Of Washington
Cmc Icos Biologics INC
Quit Claim Deed
related
—
Feb 5, 2008
$11,500,000
Cmc Icos Biologics INC
Kent Central LLC
Warranty Deed
$11,500,000 · Benaroya Capital Co LLC
Aug 30, 2001
—
Benaroya Capital Co LLC
—
Deed Of Trust
related
$56,550,000 · Northwestern Mutual Life Ins
Jun 19, 2001
$2,676,254
Kent Central LLC
Merit Holdings LLC
Grant Deed
—
May 20, 1996
$1,900,000
Merit Holdings LLC
14500 Crystal Creek Assoc
Grant Deed
related
$1,425,000 · Seafirst Bank
—
—
Cmc Icos Biologics INC
—
Deed Of Trust
related
—
—
—
Merit Holdings LLC
—
Deed Of Trust
related
$750,000 · Evergreen Community Dev Assn
—
—
Cmc Icos Biologics INC
—
Deed Of Trust
related
—
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.
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