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    22833 Bothell Everett Hwy Bothell, WA 98021
    Property profile & analytics

    22833 Bothell Everett Hwy Bothell, WA 98021

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    • Retail space
    • 2,755 SF
    • 0.53 lot acres
    For Lease
    $635,000
    View Listing →
    Community Center Near Major Employers For Lease
    $635,000

    Community Center Near Major Employers

    Community center serving daytime office population and residential community.

    22833 Bothell Everett Highway, Bothell, WA 98021
    View Listing
    Property ID
    US90-1477482
    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.
    Value Estimations
    $635,000
    Cap Rate Potential
    9.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Discover Chiropractic / Alternative Medicine Practice
    • Recology Store / Recycling Center / Waste Management Facility
    • Jimmy John's / Take-out & Catering
    • 4/4 School of Music / Tutoring Service / Training Center
    • Dr. Eric Weller, DDS / Dental Office

    Property Details for 22833 Bothell Everett Hwy

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    2,755 SF
    Zone code
    R-AC, OP, CB, MVSO
    Property type
    Retail space
    APN
    519300200101
    APU
    519300200101

    Description

    Canyon Park Place offers exceptional retail space in Bothell, WA, ideally situated at the intersection of I-405 and Bothell-Everett Highway. This vibrant community center boasts a total of 119,361 square feet and is anchored by a QFC grocery store, ensuring high foot traffic and visibility. The property's strategic location provides easy access for both the substantial daytime workforce and the surrounding residential population, with proximity to major employers like Philips and Boeing, as well as educational institutions such as Cascadia College and the University of Washington - Bothell. Currently, there are three available retail spaces ranging from a minimum of 960 square feet to a maximum contiguous space of 1,950 square feet, totaling 4,410 square feet of vacant space. This presents a unique opportunity for businesses seeking high-traffic locations in a thriving community. The property is located at 22833 Bothell Everett Hwy, Bothell, WA 98021, in Snohomish County. This is a multi-tenant property offering a variety of options for businesses looking to establish or expand their presence in this dynamic market. The available spaces are perfect for a range of retail concepts, benefiting from the strong local demographics and convenient access.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $645,000
      6.5%
      $595,000
      7%
      $555,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $800,000
      Current use
      WAREHOUSE, STORAGE
      $795,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bothell
    County
    Snohomish
    State
    Washington
    Longitude
    -122.217
    Latitude
    47.7906
    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
    $18,024
    $1,125,700
    $1,144,300
    $2,270,000
    -
    $1,125,700
    $1,144,300
    $2,270,000

    Comparable in this City

    • Value Estimation
      $3,160,000
      26,191 SF

      2020 Maltby Rd

      RETAIL STORES (PERSONAL SERVICES) • 26,191 SF
      2020 Maltby Rd, Bothell, WA 98021-8669
      View Details
    • Value Estimation
      $1,105,000
      3,964 SF

      22904 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,964 SF
      22904 Bothell Everett Hwy, Bothell, WA 98021-9347
      View Details
    • Value Estimation
      $2,170,000
      11,040 SF

      20804 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 11,040 SF
      20804 Bothell Everett Hwy, Bothell, WA 98021-8416
      View Details
    • Value Estimation
      $895,000
      6,873 SF

      21129 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,873 SF
      21129 Bothell Everett Hwy, Bothell, WA 98021-8457
      View Details
    • Value Estimation by Request
      2,850 SF

      22922 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,850 SF
      22922 Bothell Everett Hwy, Bothell, WA 98021-9320
      View Details
    • Value Estimation
      $5,360,000
      48,434 SF

      22833 Bothell Everett Hwy

      RETAIL STORES (PERSONAL SERVICES) • 48,434 SF
      22833 Bothell Everett Hwy, Bothell, WA 98021-9385
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,411 SF

      Bothell Warehouse Space Available

      38,411 SF warehouse space for rent in Bothell, WA.
      21520 30Th Dr Southeast, Bothell, WA 98021
      View Details
    • $150,000

      Established Bothell Dry Cleaner

      Thriving Business, Turnkey Operation
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    • $3,600,000
      7,913 SF

      Bothell Office and Warehouse Property

      Stand-alone office with warehouse and fenced yard in Bothell.
      810 240Th St SE, Bothell, WA 98021
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      37,978 SF

      Bothell Flex Space For Sale

      37,978 SF flex space with warehouse and office components.
      22214 20Th Ave SE, Bothell, WA 98021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Retail Pad Site Available

      Pad site available for up to 3,500 SF building.
      24134 Bothell Everett Hwy, Bothell, WA 98021
      View Details
    • $28 SF/Yr
      3,749 SF

      Bothell Retail Space For Rent

      Retail spaces available for lease in Bothell, Washington.
      24008-24131 Bothell Everett Hwy SE, Bothell, WA 98021
      View Details
    • Contact for pricing
      2,619 SF

      Retail Space in Bothell, WA

      Retail space available for lease in Bothell, Washington.
      22736 Bothell Everett Hwy, Bothell, WA 98021
      View Details
    • $1.00 SF/Yr
      10,000 SF

      Bothell Yard Space For Rent

      10,000 SF yard space in the heart of Bothell.
      905 240Th St SE, Bothell, WA 98021
      View Details
    • Contact for pricing

      Community Center Near Major Employers

      Community center serving daytime office population and residential community.
      22833 Bothell Everett Hwy, Bothell, WA 98021
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Bothell, WA

      Retail property available for lease in Bothell, Washington.
      22627 Bothell Everett Hwy, Bothell, WA 98021
      View Details
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    Bothell, WA 98021
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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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    22833 Bothell Everett Hwy, Bothell, WA, 98021
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