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Property profile & analytics
OFF-MARKET
Estimated value
$210,725,000
Manufacturing properties
22118 20th SE Ave Bothell, WA 98021-4434
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0669156
Property profile
Verified
Property type
Manufacturing properties
Use group
ASSEMBLY (LIGHT INDUSTRIAL)
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
47,145 SF
Lot
15.5 ac (675,180 SF)
Zoning code
OP, LI
APN
27052900302200
UPID
US90-0669156
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
-
Tuxera US Inc Corporate Office
-
Ronn Reimer Physician
-
Farmers Insurance - Al Harrison Insurance Agency
-
Scotsman Guide Inc. Bank Credit Union
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$210.73M
Owner & transaction history
Are Seattle No 42 Holding LLC · 5 yrs held
Are Seattle No 42 Holding LLC
since 2021
Last sale
$200.0M
4 recorded transactions
Zoning & alternative use
OP, LI · 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
$232,175,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$210.73M
Range $189.65M – $231.80M · ±10% · vs last sale $200.00M (Feb 23 2021)
Last sale anchor
$200.00M
Feb 23 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
$4,470 / 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
$376,474
Tax year 2023
Assessed value
$45,018,100
Assessed 2023
Previous assessed
$39,556,600
+13.8% YoY
Effective rate
0.84%
On assessed value
Assessed land
$10,919,300
Assessed improvement
$34,098,800
Land market value
$10,919,300
Improvement market value
$34,098,800
Total market value
$45,018,100
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
Manufacturing properties
Use group
ASSEMBLY (LIGHT INDUSTRIAL)
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
47,145 SF
Lot
15.5 ac (675,180 SF)
Zoning code
OP, LI
APN
27052900302200
UPID
US90-0669156
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OP, LI · Bothell, WAZoning 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
Source
Permit Center | Bothell WA
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
15.5 ac
Current owner
From public records · entity-resolved
Are Seattle No 42 Holding LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2021
$199,935,322
Are Seattle No 42 Holding LLC
Canyon Park Owner LLC
Deed
$208,000,000 · Are Seattle No 42 LLC
Oct 30, 2018
—
Canyon Park Owner LLC
Steelwave Bothell Office Owner Wa L
Bargain And Sale Deed
$99,200,000 · Suntrust Bank
Aug 21, 2015
$126,700
Steelwave Bothell Office Owner
Teachers Ins & Annuity Assn Of Am
Trustees Deed
$97,400,000 · Bank Of America
Jan 27, 1998
—
Insurance Teachers
W R C Properties INC
Grant Deed
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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