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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Commercial real estate
9025 Bothell Way Bothell, WA 98011-3626
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0212598
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,496 SF
Lot
2.97 ac (129,318 SF)
Zoning code
R 2800
APN
072605-9157
UPID
US90-0212598
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
-
Cascade Canoe & Kayak Racing Team Gym & Fitness Center
-
Blue Heron Landing Storage Facility
-
Superior Stone Manufacturing Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Blue Heron Landing LLC · 9 yrs held
Blue Heron Landing LLC
since 2016
7 recorded transactions
Zoning & alternative use
R 2800 · Bothell, 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 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
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$278 / 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
$23,343
Tax year 2022
Assessed value
$2,363,900
Assessed 2022
Previous assessed
$2,363,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,810,500
Assessed improvement
$553,400
Land market value
$1,810,500
Improvement market value
$553,400
Total market value
$2,363,900
Applied tax rate
860.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
2,496 SF
Lot
2.97 ac (129,318 SF)
Zoning code
R 2800
APN
072605-9157
UPID
US90-0212598
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R 2800 · Bothell, WA
Zoning R 2800 · permitted uses
R 2800 · Bothell, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bothell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
2.97 ac
Current owner
From public records · entity-resolved
Blue Heron Landing LLC
Entity
Mailing address
218 MAIN ST #177, KIRKLAND, WA 98033-6108
Ownership since
2016
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
Dec 16, 2016
$2,400,000
Blue Heron Landing LLC
Todd H Speiser
Warranty Deed
$1,450,000 · Heritage Bank
Jul 19, 2011
—
Todd H Speiser
Nicolay,eric A & Polly A
Grant Deed
related
—
May 24, 2002
$1,275,000
Todd H Speiser
Nicolay,eric A & Polly A
Grant Deed
$956,250 · Frontier Bank
May 24, 2000
$565,000
Eric A Nicolay
Kolstad INC
Grant Deed
$500,000 · Mortgage Market
May 19, 1992
$157,500
Kolstad INC
Resolution Trust
Grant Deed
—
Apr 14, 1992
$157,500
Kostad INC
Resolution
Grant Deed
—
—
—
Todd H Speiser
—
Deed Of Trust
related
$18,328 · Frontier Bank
—
—
Todd H Speiser
—
Deed Of Trust
related
$150,000 · Frontier Bank
—
—
Todd H Speiser
—
Deed Of Trust
related
$1,092,000 · Frontier Bank
—
—
Todd H Speiser
—
Deed Of Trust
related
$31,000 · First Mutual 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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