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Property profile & analytics
FOR LEASE
Office buildings
22232 17Th Ave SE Bothell, WA 98021
Individually Owned
Free & Clear
Property ID
US90-1119602
For Lease
1 / 20
$24 SF/Yr
22232 17Th Ave SE, Bothell, WA 98021
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Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1990
Construction
CONCRETE
Total area
42,396 SF
Lot
2.02 ac (87,991 SF)
Zoning code
OP, CB, MVSO
APN
27053000402400
UPID
US90-1119602
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
-
Future Electronics Electronics & Wireless Store
-
Noreen Goldwire DDS Dental Office
-
Philips Oral Healthcare Dental Office
-
Elite Engineering Services Engineering Consultant
-
SemaConnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.11M
CAP Approach
CAP
$12.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.44M
Owner & transaction history
State Of Washington
State Of Washington
since 2026
Last sale
$14.6M
7 recorded transactions
Zoning & alternative use
OP, CB, MVSO · 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
$18,480,000
ML approach
$12,105,000
CAP Approach
CAP Return
Estimation
6%
$13,425,000
6.5%
$12,390,000
7%
$11,505,000
Alternative Use
Use
Estimation
RESTAURANT
$21,970,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$14.44M
Range $13.00M – $15.88M · ±10% · vs last sale $14.61M (Dec 29 2020)
Last sale anchor
$14.61M
Dec 29 2020
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
$341 / 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
$105,876
Tax year 2023
Assessed value
$13,650,000
Assessed 2023
Previous assessed
$13,169,000
+3.7% YoY
Effective rate
0.78%
On assessed value
Assessed land
$2,108,600
Assessed improvement
$11,541,400
Land market value
$2,108,600
Improvement market value
$11,541,400
Total market value
$13,650,000
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 Lease
Year built
1990
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
2
Total area
42,396 SF
Lot
2.02 ac (87,991 SF)
Zoning code
OP, CB, MVSO
APN
27053000402400
UPID
US90-1119602
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OP, CB, MVSO · Bothell, WA
Zoning OP, CB, MVSO · permitted uses
OP, CB, MVSO · 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
RESTAURANT
Est. value
$22.0M
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
1990
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
2.02 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Free & Clear · 0 yrs held
Mailing address
BELLEVUE, WA 98005
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
—
State Of Washington
Richards Road Station LLC
Quitclaim Deed
related
—
May 15, 2024
—
Richards Road Station LLC
—
Deed
related
$300,000 · Peoples Bank
Dec 29, 2020
$14,608,629
Richards Road Station LLC
Jm2t Properties LLC
Warranty Deed
$8,375,000 · Peoples Bank
Mar 2, 2018
—
Jm2t Property LLC
Bre Wa Office Owner LLC
Special Warranty Deed
$450,000 · First Citizens Bank & Trust Co
Jul 22, 2015
—
Bre Wa Office Owner LLC
Arden Realty Limited Partnership
Bargain And Sale Deed
$14,000,000 · Morgan Stanley Mortgage Capital Holdings
Aug 21, 2007
$10,200,000
Arden Realty
Carr Carp Properties LLC
Grant Deed
—
Sep 7, 2006
—
Carr Carp Properties LLC
—
Deed Of Trust
related
$363,000,000 · German American Capital Corp
Aug 16, 2006
—
Carr Carp Properties LLC
Carr America Realty
Quit Claim Deed
—
Apr 25, 2005
—
Realty Operating P Carramerica
Carramerica Realty Corp
Quit Claim Deed
related
—
Mar 1, 1991
$1,346,900
Canyon Park Jv II
Unknown
Grant Deed
—
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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