Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5931 238Th St SE Woodinville, WA 98072
    Property profile & analytics

    5931 238Th St SE, Woodinville, WA 98072

    View on Map
    • Outlet malls
    • 1,920 SF
    • 1.79 lot acres
    For Lease
    $3,528/Mo
    View Listing →
    Secured Flex Space with Office For Lease
    $3,528/Mo
    10,690 SF

    Secured Flex Space with Office

    One acre yard with shop, storage, and office space.

    5931 238th St SE, Woodinville, WA 98072
    View Listing
    Property ID
    US90-1431134
    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
    $545,000
    Cap Rate Potential
    5%
    Outlet malls
    Location Intelligence

    Current Use by Public Records

    • Above & Beyond Fencing LLC / General Contractor / Construction Company
    • Secure A site Inc / General Contractor / Construction Company
    • Rolloff Recyclers / Recycling Center / Waste Management Facility
    • Hill-Pierce Electric llc / Electrical Service / General Contractor
    • SoilFreeze, Inc / Construction Company

    Property Details for 5931 238Th St SE

    Year built
    1996
    Construction
    WOOD
    Lot size
    1.79 lot acres
    Zone code
    LI
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    27053400404300
    APU
    27053400404300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 1, 2016 $2,250,000 Siltysand LLC James R Lewis Warranty Deed $1.8M · First Citizens Bank & Trust Co
    — — Gmh & Associates INC — Deed Of Trust · related $445k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $450,000
      6.5%
      $415,000
      7%
      $385,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $560,000
      Current use
      AUTO REPAIR, GARAGE
      $835,000
      Change: +49% Conversion: Difficult
      MEDICAL BUILDING
      $750,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $685,000
      Change: +22% Conversion: Easy
      COMMERCIAL (GENERAL)
      $580,000
      Change: +4% Conversion: Easy
      WAREHOUSE, STORAGE
      $560,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodinville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.153
    Latitude
    47.7828
    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
    $21,943
    $2,366,200
    $95,700
    $2,461,900
    -
    $2,366,200
    $95,700
    $2,461,900

    Comparable in this City

    • Value Estimation
      $655,000
      4,000 SF

      5906 238th SE St

      WHOLESALE OUTLET, DISCOUNT STORE
      5906 238th SE St, Woodinville, WA 98072-8603
      View Details
    • Value Estimation
      $1,110,000
      4,865 SF

      7121 Bostian Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      7121 Bostian Rd, Woodinville, WA 98072-6000
      View Details
    • Value Estimation
      $885,000
      6,000 SF

      24025 Snohomish Woodinville Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      24025 Snohomish Woodinville Rd, Woodinville, WA 98072-3025
      View Details
    • Value Estimation
      $11,160,000
      148,582 SF

      24100 Snohomish Woodinville Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      24100 Snohomish Woodinville Rd, Woodinville, WA 98072
      View Details
    • Value Estimation
      $9,400,000
      2,400 SF

      6430 240th SE St

      WHOLESALE OUTLET, DISCOUNT STORE
      6430 240th SE St, Woodinville, WA 98072-9704
      View Details
    • Value Estimation
      $670,000
      3,750 SF

      7415 Bostian Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      7415 Bostian Rd, Woodinville, WA 98072-9749
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Woodinville Vacant Land Parcel

      Spacious 10,019 sq ft vacant land in Woodinville.
      23902 51St Ave, Woodinville, WA 98072
      View Details
    • Contact for pricing

      Established Woodinville Winery Brand

      Respected Washington wine brand with proven distribution and strong presence.
      14525 NE 148Th St, Woodinville, WA 98072
      View Details
    • $5,995,000

      Woodinville Multi-Tenant Industrial Business Park

      19,340 SF multi-tenant industrial park in Woodinville, WA.
      19628 144Th Ave NE, Woodinville, WA 98072
      View Details
    • $8,500,000

      Woodinville Land with Warehouse Potential

      4.49 acres of general business zoned land for sale.
      13930 190Th St, Woodinville, WA 98072
      View Details
    • Contact for pricing

      Woodinville Industrial Building For Rent

      Stand-alone industrial building with office space in Woodinville, Washington.
      19180 144Th Ave NE, Woodinville, WA 98072
      View Details
    • Contact for pricing
      12,360 SF

      Woodinville Industrial Building For Rent

      Stand-alone industrial building with substantial power and easy access.
      19726 144Th Ave NE, Woodinville, WA 98072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,852 SF

      Retail, Office, Flex Space Available

      Retail neighborhood center under construction, spaces from 1,800 to 20,000 SF.
      8724 Maltby Rd, Woodinville, WA 98072
      View Details
    • $4,800 /Mo
      1,200 SF

      Retail Space End Cap

      Retail space available for rent.
      14013 175Th St, Woodinville, WA 98072
      View Details
    • Contact for pricing
      9,045 SF

      Retail Space in Woodinville

      Retail property available for lease in Woodinville, Washington.
      14800 NE 144Th St, Woodinville, WA 98072
      View Details
    • Contact for pricing
      1,022 SF

      Downtown Woodinville Retail Space Available

      Rare retail space in vibrant downtown Woodinville retail district.
      13317 NE 175Th St, Woodinville, WA 98072
      View Details
    • $3,236 /Mo
      1,022 SF

      Downtown Woodinville Retail Space

      Rare retail space in vibrant Woodinville retail district.
      13317 175Th St, Woodinville, WA 98072
      View Details
    • $3,354 /Mo
      1,150 SF

      Retail Space in Woodinville Center

      1,150 SF retail space in established neighborhood center.
      17301 140Th Ave NE, Woodinville, WA 98072
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5931 238Th St SE
    Woodinville, WA 98072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5931 238Th St SE, Woodinville, WA, 98072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!