Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    96 Cascade Ky Bellevue, WA 98006

    View on Map
    Sponsored
    For Sale
    $6,495,000

    Land, Other - Bellevue, WA

    Property size:
    8,720 SF
    Lot size:
    1.25 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 29 at 4:06 pm

    Property Features for 96 Cascade Ky

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    6072800110
    Size
    8,720 SF
    Lot size
    1.25 Acres

    Utilities

    Heating system
    None (Heating)
    Water front features
    Lake|Waterfront, Lake|Waterfront

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mick P Hanson

    Engel & Völkers Mercer Island

    Listing agent Mick P Hanson

    Listing date Mar 27, 2026

    MLS# 2498744 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Land in Newport Shores

    This 1.25-acre waterfront estate parcel is located within the Newport Shores enclave and features 175 feet of low-bank Lake Washington shoreline and a 100-foot private dock. The dock is designed to accommodate a substantial yacht or multiple personal watercraft. The site is Northwest-facing and captures views across Lake Washington to the East Channel Bridge, Mercer Island, and Beaux Arts, with sunsets and open water. It is positioned minutes from downtown Bellevue and Seattle. The property is located within the state’s top-ranked school district. The price includes the lot, current improvements, and a fully approved plan set for an 8720 sq ft home. This property is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.193585
    Latitude
    47.571203

    Nearby Similar for Sale

    • $150,000

      Profitable Automotive Business Opportunity

      Established automotive business for sale in Bellevue's commercial corridor.
      13289 NE 20Th St, Bellevue, WA 98005
      View Details
    • Contact for pricing

      Bellevue Office Space Available Now

      Suburban Bellevue office space with excellent access and amenities.
      1402 140Th Pl NE, Bellevue, WA 98007
      View Details
    • New
      $1,575,000
      1,571 SF

      Bellevue Office Condo For Sale

      Office condo for sale in Bellevue, Washington with parking.
      9 Lake Bellevue Dr, Bellevue, WA 98005
      View Details
    • Contact for pricing

      Bellevue Office Space Available Now

      Office suites available in Bellevue with flexible lease terms.
      1402 140Th Pl NE, Bellevue, WA 98007
      View Details
    • Contact for pricing
      68,996 SF

      Bellevue Office Space Sublease

      Office space with easy access to I-405 and I-90.
      915 118Th Ave SE, Bellevue, WA 98005
      View Details
    • Contact for pricing
      1,238 SF

      Medical/Retail Condo Unit For Sale

      Medical/Retail condo available for immediate occupancy with prominent signage.
      1106 108Th Ave NE, Bellevue, WA 98004
      View Details
    • $599,000
      1,023 SF

      Bellevue Office Condo For Sale

      Professional office condo in a prime Bellevue location.
      1550 140Th Ave NE, Bellevue, WA 98007
      View Details
    • New
      Contact for pricing

      Turnkey Cabinet Business Opportunity

      Profitable cabinet business with loyal customer base since 2014.
      1940 NE 124Th Ave, Bellevue, WA 98005
      View Details
    • Contact for pricing
      7,686 SF

      Bellevue Freestanding Office Building

      Prime office building near Spring District and future growth.
      12509 NE Bel Red Rd, Bellevue, WA 98005
      View Details
    • Contact for pricing

      Bellevue Multi-Tenant Office Building

      Well-located office building near Bellevue CBD with investment potential.
      1500 112Th Ave NE, Bellevue, WA 98004
      View Details
    • $2,740,000

      Multi-Tenant Commercial Asset For Sale

      Fully leased commercial property in Bellevue's Factoria neighborhood.
      4317 Factoria Blvd SE, Bellevue, WA 98006
      View Details
    • $30,000,000
      23,663 SF

      Bellevue Office Building For Sale

      86,524 SF office building in Bellevue, Washington for sale.
      3600 136Th Pl SE, Bellevue, WA 98006
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare 1.25-acre waterfront estate parcel with private dock.
    Where is this waterfront land located?
    The property is located at 96 Cascade Ky Bellevue, WA.
    What is the asking price?
    The asking price for this property is $6,495,000.
    What are key features of this property?
    This property features: - 1.25-acre waterfront estate with **175 feet of low-bank Lake Washington shoreline**; - **Includes a 100-foot private dock** suitable for a large yacht or multiple personal watercraft; - Northwest-facing orientation with sweeping views of Lake Washington, East Channel Bridge, Mercer Island, and Beaux Arts, plus spectacular sunsets
    (206) 232-2405
    Request Owner's contact information
    96 Cascade Ky Bellevue, WA 98006
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    96 Cascade Ky
    Bellevue, WA 98006
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    96 Cascade Ky Bellevue, WA 98006
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mick P Hanson
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!