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Property profile & analytics
FOR SALE
Industrial properties
810 240Th St SE Bothell, WA 98021
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1705426
No photos on file
For Sale
$3,600,000
810 240Th St SE, Bothell, WA 98021
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1954
Construction
WOOD
Total area
5,396 SF
Lot
0.89 ac (38,768 SF)
Zoning code
R4000OPCB
APN
27053100303100
UPID
US90-1705426
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
-
Aldrich + Associates Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.49M
Owner & transaction history
City Of Bothell · 1 yrs held
City Of Bothell
since 2025
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
R4000OPCB · Bothell, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Permit Center | Bothell WA
Top alternative use upside
Office building
$3.3M
+138.0%
Restaurant
$2.8M
+104.4%
Auto repair, garage
$2.3M
+71.1%
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 Bothell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bothell 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
$2,480,000
ML approach
$2,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,255,000
Change: +138% · Conversion: Difficult
RESTAURANT
$2,795,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,340,000
Change: +71% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,230,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$2,105,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$1,570,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10% · vs last sale $2.50M (Oct 7 2022)
Last sale anchor
$2.50M
Oct 7 2022
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
$461 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,523
Tax year 2023
Assessed value
$1,765,000
Assessed 2023
Previous assessed
$1,742,700
+1.3% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,394,300
Assessed improvement
$370,700
Land market value
$1,394,300
Improvement market value
$370,700
Total market value
$1,765,000
Applied tax rate
902.0000
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
For Sale
Year built
1954
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
5,396 SF
Lot
0.89 ac (38,768 SF)
Zoning code
R4000OPCB
APN
27053100303100
UPID
US90-1705426
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R4000OPCB · Bothell, WAZoning R4000OPCB · permitted uses
R4000OPCB · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Permit Center | Bothell WA
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.3M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1954
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
City Of Bothell
Entity
Free & Clear · 1 yrs held
Mailing address
810 240TH ST SE, BOTHELL, WA 98021-9357
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
$3,650,000
City Of Bothell
810 240th LLC
Warranty Deed
—
Oct 7, 2022
$2,500,000
810 240th LLC
Aldrich Properties LLC
Warranty Deed
$2,000,000 · Washington Savings Bank
Oct 9, 2018
$281
Aldrich Properties LLC
Aldrich,gerald & Ann G
Quit Claim Deed
related
—
Jul 17, 2009
$13,764
Gerald Aldrich
Lode,martin & Carol A
Quit Claim Deed
related
—
—
—
Gerald N Aldrich
—
Deed Of Trust
related
$472,500 · Us Bank Of Washington
—
—
Gerald N Aldrich
—
Deed Of Trust
related
$200,000 · Us Bank Of Washington
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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