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Property profile & analytics
OFF-MARKET
Estimated value
$27,415,000
Office buildings
22317 23rd SE Dr Bothell, WA 98021
Entity Owned
Free & Clear
Property ID
US90-1075142
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Construction
CONCRETE
Total area
93,404 SF
Lot
4.48 ac (195,149 SF)
Zoning code
OP, LI
APN
27052900303200
UPID
US90-1075142
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.42M
Owner & transaction history
State Of Washington Department Of T
State Of Washington Department Of T
since 2025
7 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%
$29,575,000
6.5%
$27,300,000
7%
$25,350,000
Blend value · Realmo final
$27.42M
Range $24.67M – $30.16M · ±10%
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
$294 / 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
$232,136
Tax year 2023
Assessed value
$29,753,200
Assessed 2023
Previous assessed
$26,239,300
+13.4% YoY
Effective rate
0.78%
On assessed value
Assessed land
$3,262,600
Assessed improvement
$26,490,600
Land market value
$3,262,600
Improvement market value
$26,490,600
Total market value
$29,753,200
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
Off-Market
Year built
1993
Construction
CONCRETE
Heating
YES
Cooling
CENTRAL
Stories
3
Total area
93,404 SF
Lot
4.48 ac (195,149 SF)
Zoning code
OP, LI
APN
27052900303200
UPID
US90-1075142
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.
Building & site characteristics
From public records
Year built
1993
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Lot
4.48 ac
Current owner
From public records · entity-resolved
State Of Washington Department Of T
Entity
Free & Clear · 0 yrs held
Mailing address
1075 W GEROGIA ST STE 2010TH VANCOUVER BC
Ownership since
2025
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
Sep 24, 2025
—
State Of Washington Department Of T
Cio Canyon Park Limited Partnership
Quitclaim Deed
related
—
Feb 27, 2019
$63,000
Cio Canyon Park LP
Bre Wa Office Owner LLC
Trustees Deed
$40,950,000 · Miscellaneous Ins Co
May 3, 2018
—
Bre Wa Office Owner LLC
—
Deed
related
—
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
$72,225,000
Arden Realty
Carr Np Properties LLC
Grant Deed
—
Sep 7, 2006
—
Carr Np Properties LLC
—
Deed Of Trust
related
—
Aug 16, 2006
—
Carr Np Properties LLC
Carramerica Realty Operating P
Quit Claim Deed
related
—
Apr 25, 2005
—
Realty Operating P Carramerica
Carramerica Realty Corp
Quit Claim Deed
related
—
Nov 10, 1997
$12,260,000
Carramerica Realty LP
Tract 17 Associates
Grant Deed
—
Jul 1, 1989
$956,243
Tract 17 Assoc
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.
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