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Property profile & analytics
OFF-MARKET
Estimated value
$11,955,000
Banks
24000 35th SE Ave Bothell, WA 98021-8990
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0756578
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
43,942 SF
Lot
3.9 ac (169,884 SF)
Zoning code
RACOPCBLI
APN
813300000600
UPID
US90-0756578
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
-
Luminator Technology Group Industrial Manufacturer Production Facility
-
Strive Tech (Bike/Boat/Book/etc) Store Corporate Office
-
Chasing Bubbles Inc Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.96M
Owner & transaction history
Qualstar Cu · 5 yrs held
Qualstar Cu
since 2021
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
RACOPCBLI · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.4M
+136.9%
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
$13,660,000
ML approach
$10,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,400,000
Change: +137% · Conversion: Difficult
Blend value · Realmo final
$11.96M
Range $10.76M – $13.15M · ±10% · vs last sale $11.77M (Jan 14 2021)
Last sale anchor
$11.77M
Jan 14 2021
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
$272 / 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
$99,100
Tax year 2023
Assessed value
$12,208,500
Assessed 2023
Previous assessed
$10,799,300
+13.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$2,468,400
Assessed improvement
$9,740,100
Land market value
$2,468,400
Improvement market value
$9,740,100
Total market value
$12,208,500
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
43,942 SF
Lot
3.9 ac (169,884 SF)
Zoning code
RACOPCBLI
APN
813300000600
UPID
US90-0756578
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RACOPCBLI · Bothell, WA
Zoning RACOPCBLI · permitted uses
RACOPCBLI · 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
COMMERCIAL (GENERAL)
Est. value
$9.4M
COMMERCIAL (GENERAL)
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
1998
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Qualstar Cu
Individual
Mailing address
PO BOX 3050, BOTHELL, WA 98041-3050
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
—
Qualstar Cu
Creekside 24000 LLC
Warranty Deed
—
Mar 14, 2017
—
Creekside 24000 LLC
—
Deed
related
$8,360,000 · Bank Of America
Mar 8, 2017
$5,500,000
Creekside 24000 LLC
24000 Dev LLC
Warranty Deed
related
—
Oct 25, 2012
$5,500,000
Creekside 24000 LLC
24000 Dev LLC
Warranty Deed
$3,078,500 · Bank Of America
Jun 29, 2006
—
24000 Dev LLC
—
Deed Of Trust
related
$7,460,000 · Union Bank Of California
Oct 14, 2005
$6,510,000
24000 Dev LLC
Creekside Building LLC
Grant Deed
—
Feb 1, 1999
—
Bank Of New York Trustee
Wells Fargo Bank NA Trustee
Quit Claim Deed
related
—
Jun 25, 1997
$2,637,401
Creekside Building LLC
Quadrant Corp
Grant Deed
—
Dec 30, 1992
$7,905,000
Quadrant Corp
Fortin
Grant Deed
—
—
—
Creekside 24000 LLC
—
Deed Of Trust
related
$2,532,000 · Northwest Busn Dev Assn
—
—
Creekside 24000 LLC
—
Deed Of Trust
related
$8,360,000 · Bank Of America
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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