Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Retail space
7800 Bothell Way Kenmore, WA 98028-1830
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0727819
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,071 SF
Lot
1.89 ac (82,189 SF)
Zoning code
UC
APN
011410-0865
UPID
US90-0727819
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
$3.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
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
Zoning description
nters are promoted along SR-522, particularly in the northwest quadrant of the 68th Avenue NE/SR-522 intersection. ( Ord. 11-0329 , § 3 (Exh. 1) ) § 18.15.067 Urban corridor zone. The purpose of the urban corridor zone (UC) is to convert SR-522 from a commercial strip, focused on the automobile, to a more pedestrian-and transit-friendly urban corridor. West…
Zone name
Urban Corridor
General category
COMMERCIAL
Zone area
26.82 ac
Top alternative use upside
Medical building
$4.8M
+0.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,600,000
6.5%
$3,320,000
7%
$3,085,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,735,000
Current use
MEDICAL BUILDING
$4,770,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,605,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,185,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10%
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
$254 / 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
$57,861
Tax year 2022
Assessed value
$5,421,400
Assessed 2022
Previous assessed
$5,421,400
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,712,200
Assessed improvement
$2,709,200
Land market value
$2,712,200
Improvement market value
$2,709,200
Total market value
$5,421,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
12,071 SF
Lot
1.89 ac (82,189 SF)
Zoning code
UC
APN
011410-0865
UPID
US90-0727819
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Kenmore, WAZoning UC · permitted uses
UC · Kenmore, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nters are promoted along SR-522, particularly in the northwest quadrant of the 68th Avenue NE/SR-522 intersection. ( Ord. 11-0329 , § 3 (Exh. 1) ) § 18.15.067 Urban corridor zone. The purpose of the urban corridor zone (UC) is to convert SR-522 from a commercial strip, focused on the automobile, to a more pedestrian-and transit-friendly urban corridor. West of down-town, the north side of the highway would continue to be a mix of restaura
Zone name
Urban Corridor
General category
COMMERCIAL
Zone area
26.82 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
RETAIL STORES Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
1.89 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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Kenmore Square LLC
—
Deed
related
$3,500,000 · Boeing Employees Cu
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
—
Dec 19, 2007
—
Leonard W Griesel
Griesel L Living Trust
Quit Claim Deed
related
—
May 30, 2007
—
Griesel Leonard W Living Trust
—
Trustees Deed
related
$3,419,000 · Key Bank NA
Jul 3, 1996
$3,590,000
Griesel,leonard W
D & H Investments
Trustees Deed
—
—
—
Leonard W Griesel
—
Deed Of Trust
related
$5,655,000 · Umpqua Bank
—
—
Leonard W Griesel
—
Deed Of Trust
related
$440,000 · Individual
—
—
Griesel Leonard W Living Trust
—
Deed Of Trust
related
$2,392,000 · Key Bank NA
—
—
Leonard W Griesel
—
Deed Of Trust
related
$2,767,229 · Umpqua Bank
—
—
Griesel Trust
—
Deed Of Trust
related
$689,494 · City Bank
—
—
Kenmore Square LLC
—
Deed Of Trust
related
$8,190,000 · Boeing Emps Cu
—
—
Griesel,tr
—
Deed Of Trust
related
$100,000 · City Bank
—
—
Griesel Trust
—
Deed Of Trust
related
$2,906,000 · Everett Mutual Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7800 Bothell Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
