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Property profile & analytics
OFF-MARKET
Estimated value
$3,670,000
Outlet malls
7750 Bothell Way Kenmore, WA 98028-3523
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0178750
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,650 SF
Lot
1.99 ac (86,604 SF)
Zoning code
UC
APN
011410-0885
UPID
US90-0178750
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.67M
Owner & transaction history
Kenmore Square LLC · 15 yrs held
Kenmore Square LLC
since 2011
7 recorded transactions
Zoning & alternative use
UC · Kenmore, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Kenmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenmore 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$133 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$40,394
Tax year 2022
Assessed value
$3,785,200
Assessed 2022
Previous assessed
$3,785,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,857,900
Assessed improvement
$927,300
Land market value
$2,857,900
Improvement market value
$927,300
Total market value
$3,785,200
Applied tax rate
1,442.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
27,650 SF
Lot
1.99 ac (86,604 SF)
Zoning code
UC
APN
011410-0885
UPID
US90-0178750
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Kenmore, WA
Zoning UC · permitted uses
UC · Kenmore, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kenmore. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Kenmore Square LLC
Entity
Mailing address
5623 154TH PL SW, EDMONDS, WA 98026-4246
Ownership since
2011
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
Sep 20, 2016
—
Kenmore Square LLC
—
Deed
related
$8,190,000 · Boeing Emps Cu
Sep 8, 2011
—
Kenmore Square LLC
—
Deed Of Trust
related
$5,613,041 · Umpqua Bank
Jun 20, 2011
—
Kenmore Square LLC
Griesel,leonard W
Quit Claim Deed
related
—
May 4, 2007
—
Griesel Leonard W Living Trust
Griesel,leonard W
Quit Claim Deed
related
—
Jul 23, 2001
—
Griesel Trust
—
Deed Of Trust
related
$4,800,000 · Evertrust Bank
Jul 12, 1999
$1,000,000
Leonard W Griesel
Selayed Exchange Corp
Grant Deed
$838,216 · Coastal Community Bank
Nov 19, 1996
—
Herbert I Rosen
D & H Investments
Quit Claim Deed
related
—
—
—
Kenmore Square LLC
—
Deed Of Trust
related
$8,190,000 · Boeing Emps Cu
—
—
Griesel,tr
—
Deed Of Trust
related
$100,000 · City Bank
—
—
Leonard W Griesel
—
Deed Of Trust
related
$5,655,000 · Umpqua 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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