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

    1106 108Th Ave NE Bellevue, WA 98004

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,950,000

    Condo unit for sale with immediate occupancy and reserved parking.

    Property size:
    1,238 SF

    Property Features for 1106 108Th Ave NE

    General Information

    Standard status
    Active
    Size
    1,238 SF

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Dan Krekel, Ccim
    Source: Corcoran

    Listing Agency: LEIBSOHN & COMPANY Listing Agent: Dan Krekel, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical/Retail Condo Unit For Sale

    A condo unit suitable for medical or retail use is available for purchase. The property offers immediate occupancy and includes the opportunity for prominent building signage. High-speed connectivity is available through Comcast Business Class. The unit comes with 4 reserved parking stalls, supplemented by street parking. A new HVAC system and ductwork are scheduled for installation in 2025. The property size is 1238 square feet.
    Location Intelligence

    Current Use by Public Records

    Eastside Acupuncture & Chinese ... Medical Clinic Bella Beauty Hair Salon Pavel Lurie LMP Alternative Medicine Practice Lashes by Caroline Hair Salon Le Reve Skin ... Medical Clinic

    Suggested Use

    Restaurant Law Firm Hair Salon Spa & Massage Center Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

    Cat Care Clinic, Bellevue Animal Hospital, Banfield Pet Hospital, Treuting Michael S DVM, Hartman Deanna DVM

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1959211
    Latitude
    47.6202877

    Nearby Similar for Sale

    • $1,600,000
      2,521 SF

      Medical Condo Near Overlake Hospital

      2,521 SF medical condo in Bellevue's medical corridor.
      1900 116Th Ave NE, Bellevue, WA 98004
      View Details
    • $6,800,000

      Bellevue Office Building For Sale

      100% leased office building with long-term renewal and walkable amenities.
      130th Ave NE 2330, Bellevue, WA
      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
      12 SF

      Bellevue Medical Office Investment Opportunity

      Fully leased medical office building in prime Bellevue location.
      11711 NE 12Th St, Bellevue, WA 98005
      View Details
    • Contact for pricing

      Bellevue Church Building For Sale

      15,654 SF church on 3.88 AC available for sale.
      16035 NE Northup Way, Bellevue, WA 98008
      View Details
    • Contact for pricing

      Redevelopment Opportunity in Bellevue

      48,474 SF retail property in thriving Bellevue hub.
      12001 NE 12Th St, Bellevue, WA 98005
      View Details
    • Contact for pricing

      Bellevue Office Space Available

      Office property for sale in Bellevue, Washington.
      200 112Th 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
    • Contact for pricing

      Redevelopment Opportunity in Bellevue, WA

      Three parcels available for redevelopment with interim income potential.
      125 Main St, Bellevue, WA 98004
      View Details
    • Contact for pricing
      9,711 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
    • Contact for pricing
      1,023 SF

      Bellevue Office Condo For Sale

      Professional office condo in a prime Bellevue location.
      1550 140Th Ave NE, Bellevue, WA 98005
      View Details
    • $4,100,000
      9,240 SF

      Issaquah Retail/Office Building For Sale

      Retail/office building in Issaquah's Olde Town retail district.
      170 Front St N, Bellevue, WA 98027
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Condo unit for sale with immediate occupancy and reserved parking.
    Where is this medical office space located?
    The property is located at 1106 108Th Ave NE Bellevue, WA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Medical/Retail Condo Unit Available for Immediate Occupancy; - Benefit from 4 Reserved Parking Stalls + Street Parking; - Prominent Building Signage Opportunity
    Request Owner's contact information
    1106 108Th Ave NE Bellevue, WA 98004
    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.
    1106 108Th Ave NE
    Bellevue, WA 98004
    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
    1106 108Th Ave NE Bellevue, WA 98004
    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
    Dan Krekel, Ccim
    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!