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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Retail space
22904 Bothell Everett Hwy Bothell, WA 98021-9347
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0070142
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
TYPE NOT SPECIFIED
Total area
3,964 SF
Lot
0.75 ac (32,670 SF)
Zoning code
R-AC, OP, CB
APN
519300300003
UPID
US90-0070142
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
-
Starbucks Cafe & Coffee Shop
-
WaFd Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$860k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Wb Property LLC · 3 yrs held
Wb Property LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R-AC, OP, CB · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Permit Center | Bothell WA
Top alternative use upside
Auto repair, garage
$1.7M
+49.0%
Medical building
$1.6M
+34.1%
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
$1,150,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,155,000
Current use
AUTO REPAIR, GARAGE
$1,720,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$1,550,000
Change: +34% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,145,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.10M (Apr 3 2023)
Last sale anchor
$1.10M
Apr 3 2023
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
$279 / 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
$26,279
Tax year 2023
Assessed value
$3,260,000
Assessed 2023
Previous assessed
$3,211,000
+1.5% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,216,500
Assessed improvement
$2,043,500
Land market value
$1,216,500
Improvement market value
$2,043,500
Total market value
$3,260,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
3,964 SF
Lot
0.75 ac (32,670 SF)
Zoning code
R-AC, OP, CB
APN
519300300003
UPID
US90-0070142
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-AC, OP, CB · Bothell, WAZoning R-AC, OP, CB · permitted uses
R-AC, OP, CB · 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Wb Property LLC
Entity
Mailing address
8800 N MERCER WAY, MERCER ISLAND, WA 98040-3137
Ownership since
2023
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
Apr 3, 2023
—
Wb Property LLC
Pickering Property LLC
Quit Claim Deed
related
—
Oct 2, 2019
$1,100,000
Bothell Everett LLC
Washington Fedl Bk
Grant Deed
—
Jul 29, 2005
—
Mayfair Nurseries INC
Rainier Commercial Dev LLC
Quit Claim Deed
related
—
Jun 27, 2005
—
Psp II LLC
Fischer Francois L
Grant Deed
related
—
Dec 3, 2004
$1,038,304
First Mutual Bank
Rainier Commercial Devs LLC
Warranty Deed
related
—
May 1, 2002
$230,056
Rainier Commercial Dev LLC
Van Tassell,copley H & Margaret E
Grant Deed
—
—
—
Morris G P
—
Deed Of Trust
related
$650,000 · Frontier Bank
—
—
Me@martin LLC
—
Deed Of Trust
related
$400,000 · Enes & Kathleen M Alacano
—
—
Morris G P
—
Deed Of Trust
related
$66,000 · Frontier Bank
—
—
Psp II LLC
—
Deed Of Trust
related
$1,458,202 · Frontier Bank
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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