Appraisal of the hypothetical fee simple interest in the subject property, before and after a potential acquisition of a portion of the subject property in conjunction with the proposed Bothell Crossroads Project and the Multiway Boulevard Project, two projects within Bothell’s Downtown Revitalization Plan.

Sound Transit, a government agency, is planning the construction and operation of a tunnel, light rail station, and related public transportation facilities.  Partial acquisition of underground (tunnel) easements were appraised, as well as complete takings for construction of the Capitol Hill light rail station.

Appraised for the purpose of providing a preliminary valuation, to assist the City in decisions regarding a possible site for an Isthmus Park. Valued using land and improved sale comparisons, as well as market rent and capitalization rates relative to properties that would be income generating.  We incorporated recent zoning changes and heights into the valuation of each parcel, and have considered the highest and best use for each.