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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    22232 17th SE Ave Bothell, WA 98021-7430

    • Office buildings
    • 42,396 SF
    • 2.02 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2020
    $14,608,629
    Value Estimations
    $16,955,000
    Show details
    Cap Rate Potential
    4.4%
    Office buildings
    Location Intelligence
    Property ID
    US90-1119602
    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

    • Future Electronics / Electronic Parts Supplier / Electronics
    • Noreen Goldwire DDS / Dentist / Cosmetic Dentist
    • Philips Oral Healthcare / Dentist / Health
    • Elite Engineering Services / Engineering Consultant
    • SemaConnect Charging Station / Electric Vehicle Charging Station

    Property Details for 22232 17th SE Ave

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    2.02 lot acres
    Property size
    42,396 SF
    Zone code
    OP, CB, MVSO
    Property type
    Office buildings
    APN
    27053000402400
    APU
    27053000402400

    Value 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
      OFFICE BUILDING
      $25,595,000
      Current use
      RESTAURANT
      $21,970,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    Snohomish
    State
    Washington
    Longitude
    -122.212
    Latitude
    47.7955
    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
    $105,876
    $2,108,600
    $11,541,400
    $13,650,000
    -
    $2,108,600
    $11,541,400
    $13,650,000

    Comparable in this City

    • Value Estimation
      $1,345,000
      46,452 SF

      2200 222nd SE St

      PROFESSIONAL BUILDING • 46,452 SF
      2200 222nd SE St, Bothell, WA 98021-4400
      View Details
    • Value Estimation
      $425,000
      1,926 SF

      23717 Bothell Everett Hwy

      PROFESSIONAL BUILDING • 1,926 SF
      23717 Bothell Everett Hwy, Bothell, WA 98021-9343
      View Details
    • Value Estimation
      $905,000
      17,954 SF

      22102 17th SE Ave

      PROFESSIONAL BUILDING • 17,954 SF
      22102 17th SE Ave, Bothell, WA 98021-7431
      View Details
    • Value Estimation
      $820,000
      45,700 SF

      3350 Monte Villa Pkwy

      PROFESSIONAL BUILDING • 45,700 SF
      3350 Monte Villa Pkwy, Bothell, WA 98021-8963
      View Details
    • Value Estimation by Request
      39,100 SF

      1631 220th St Sea

      PROFESSIONAL BUILDING • 39,100 SF
      1631 220th St Sea, Bothell, WA 98021-8423
      View Details
    • Value Estimation by Request
      78,000 SF

      21520 30th Dr Sea

      PROFESSIONAL BUILDING • 78,000 SF
      21520 30th Dr Sea, Bothell, WA 98021-7009
      View Details

    Similar Nearby for Sale

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      New Home in Camas Ridge

      New construction home with customizable finishes, spacious layout, and modern amenities.
      24330 13Th Ave SE, Bothell, WA 98021
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    • $1,437,450
      2,755 SF

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      New construction home with customizable finishes, spacious layout, and modern amenities.
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      Established Bothell Dry Cleaner

      Thriving Business, Turnkey Operation
      2020 Maltby Rd, Bothell, WA 98021
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    Similar Nearby for Lease

    • Contact for pricing
      2,517 SF

      Bothell Office Space For Rent

      Office space with freeway access and retail proximity in Bothell.
      22215 26Th Ave SE, Bothell, WA 98021
      View Details
    • $23 SF/Yr
      33,526 SF

      Bothell Office Space For Lease

      33,526 SF office space available for lease in Bothell.
      3700 Monte Villa Pkwy, Bothell, WA 98021
      View Details
    • $20 SF/Yr
      690 SF

      Bothell Stand-Alone Office/Retail Building

      Stand-alone Bothell office/retail building with drive-thru access for lease.
      23920 Bothell Everett Hwy, Bothell, WA 98021
      View Details
    • $22 SF/Yr
      16,126 SF

      Bothell Office Space: Canyon Park West

      Class A Office Suites, Coworking Available
      22722 29Th Dr, Bothell, WA 98021
      View Details
    • Contact for pricing
      1,877 SF

      Bothell Office Space Available

      Office space available for rent in Bothell, Washington.
      22522 29Th Dr SE, Bothell, WA 98021
      View Details
    • Contact for pricing
      76,345 SF

      Bothell Freestanding Industrial Building

      Freestanding building with high bay, light assembly, and office space.
      22011 26Th Ave SE, Bothell, WA 98021
      View Details
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    Bothell, WA 98021-7430
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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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