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Property profile & analytics
FOR LEASE
Retail space

3922 148Th St SE Mill Creek, WA 98012

25,773 SF 1.27 ac lot Built 2006
Entity Owned 10-yr Hold Free & Clear
Property ID
US90-1684819
Property summary
AI-generated overview

This exceptional commercial property, located at 3922 148th Street SE in Bothell, Washington, offers a diverse range of office spaces ideal for various businesses. The property encompasses two buildings totaling 34,824 square feet, constructed in 2006, and situated on a 2.83-acre lot (123,275 square feet). Currently, 4,446 square feet of space is available for lease, with units ranging from a minimum of 812 square feet to a maximum contiguous space of 2,400 square feet. The property features ample parking with 144 spaces available and benefits from excellent visibility along Seattle Hill Road, a major thoroughfare connecting SR 96 and SR 527. The property is zoned PCB and is part of the CBA Woodinville/Bothell/Kenmore submarket. This multi-tenant neighborhood center is anchored by Everett Clinic and includes a mix of retail, restaurant, and essential services. Other tenants include Cambria Restaurant, DJ Market, Chick 5, Garlic Jim's, Edward Jones, Twisted Line Pub, Penny Creek Dentistry, Purity Health, Reflections School of Dance, Sun Flower Cleaners, Ukaway Teriyaki, White Tiger Martial Arts, and Angel Haircuts. The property's two-story design and multiple tenancy options provide flexibility for a variety of business needs. The Snohomish County location (APN: 27050400200700

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction WOOD
Total area 25,773 SF
Lot 1.27 ac (55,321 SF)
Zoning code PCB
APN 27050400200700
UPID US90-1684819
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
  • Dr. Amy Fitzpatrick Alternative Medicine Practice
  • Defensive Driving School and Driver License Testing Location Training Center Vocational School
  • Ana's Nails and Spa Nail Salon
  • Garlic Jim's Pizza Mill Creek/Bothell Restaurant
  • Penny Creek Family and Implant Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.77M
Owner & transaction history
Esplanade Plaza LLC · 10 yrs held
Esplanade Plaza LLC
since 2016
7 recorded transactions
2016
$7.1M
2015
Price N/A
2012
Price N/A
2005
Price N/A
2005
Price N/A
2003
$1.2M
2003
Price N/A
Zoning & alternative use
PCB · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Permit Center | Bothell WA
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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