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    6430 240Th St SE Woodinville, WA 98072
    Property profile & analytics

    6430 240Th St SE, Woodinville, WA 98072

    View on Map
    • Outlet malls
    • 2,400 SF
    • 5.22 lot acres
    For Lease
    $67,953 SF/Yr
    View Listing →
    Woodinville Office Space Available For Lease
    $67,953 SF/Yr
    45,302 SF

    Woodinville Office Space Available

    1,200 SF office space for lease in Woodinville, WA.

    6430 240th St SE, Woodinville, WA 98072
    View Listing
    Property ID
    US90-1730486
    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
    $9,400,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SiteOne Landscape Supply / Garden Center / Hardware & Home Improvement
    • Trendset Concrete Products / Garden Center / Hardware & Home Improvement

    Property Details for 6430 240Th St SE

    Year built
    1979
    Construction
    WOOD FRAME
    Lot size
    5.22 lot acres
    Zone code
    SG
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    27053400401800
    APU
    27053400401800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 30, 2021 $8,550,000 Tuh Woodinville LLC Trendset LLC Warranty Deed —
    Dec 27, 1999 $1,844,944 Trendset LLC Knoll,craig & Victoria Grant Deed · related $1.4M · Money Store Investment Corp
    Oct 12, 1999 — Properties Knoll — Deed Of Trust · related $1.5M · Business Finance Corp
    Mar 17, 1999 $1,535,000 Craig Knoll Fitzpatrick,donald L & Cheryl L Grant Deed · related $1.3M · Individual
    — — Trendset LLC — Deed Of Trust · related $1.5M · Us Bank NA
    — — Craig Knoll — Deed Of Trust · related $1.5M · Business Finance Corp
    — — Craig Knoll — Deed Of Trust · related $150k · Pacific Coast Investment Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,925,000
      ML approach
      $10,570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodinville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.146
    Latitude
    47.778
    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
    $68,235
    $7,503,800
    $225,500
    $7,729,300
    -
    $7,503,800
    $225,500
    $7,729,300

    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
      $670,000
      3,750 SF

      7415 Bostian Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      7415 Bostian Rd, Woodinville, WA 98072-9749
      View Details
    • Value Estimation
      $2,655,000
      14,612 SF

      7303 Bostian Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      7303 Bostian Rd, Woodinville, WA 98072-6016
      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
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      Established Woodinville Winery Brand

      Respected Washington wine brand with proven distribution and strong presence.
      14525 NE 148Th St, Woodinville, WA 98072
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    • $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
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    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
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    Woodinville, WA 98072
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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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    6430 240Th St SE, Woodinville, WA, 98072
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