Sign Up Successful!
You now have access to more from Realmo!
    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

    119 107Th Ave SE Bellevue, WA 98004

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $10,000,000

    Two-parcel development site near Downtown Bellevue Park and transit.

    Property Features for 119 107Th Ave SE

    General Information

    Standard status
    Active

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Adrienne Hunter
    Source: Corcoran

    Listing Agent: Adrienne Hunter

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

    Learn more

    Property Insight Report

    Overview

    Prime Downtown Bellevue Development Site

    This is a two-parcel development site located in Downtown Bellevue, within walking distance of Downtown Bellevue Park and the Bellevue Square and Lincoln Square shopping and dining districts. The site is positioned one block from Vulcan’s new Amazon Towers and four blocks from the 41-story Amazon office tower, as well as other corporate headquarters and office buildings along 108th Avenue. The properties are located 0.25 miles from the East Main/112th Avenue Sound Transit Light Rail Station and 0.5 miles from the Downtown Bellevue Light Rail Station, providing connectivity to Redmond, SeaTac Airport, Federal Way, Seattle, and Everett. The site can be combined and purchased with the 3-parcel development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hillside Apartments Apartment Building Shawn Cattery Cattery

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1984218
    Latitude
    47.6090413

    Nearby Similar for Sale

    • 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
    • $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
    • $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
    • $640,000

      Downtown Bellevue Turnkey Restaurant Opportunity

      Turnkey restaurant in downtown Bellevue with full bar and patio.
      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 98005
      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
    • $820,000
      1,208 SF

      Bellevue Boutique Building Corner Unit

      Modern 2 bed, 1.75 bath unit in central Bellevue.
      145 105Th Ave SE, Bellevue, WA 98004
      View Details
    • $335,000

      Eastside Condo with Updated Features

      Top-floor condo in Bellevue with recent updates and convenient location.
      14006 SE 6Th St, 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
    • $975,000
      1,794 SF

      Downtown Bellevue Office Condo For Sale

      Rare small office condo in downtown Bellevue ready for improvements.
      999 110Th Ave NE, Bellevue, WA 98004
      View Details
    • $495,000
      1,060 SF

      Bellevue Condo with Private Deck

      Inviting 2-bed condo in Factoria, convenient location.
      3990 129Th Pl SE, Bellevue, WA 98006
      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

    FAQs

    What type of property is this?
    Commercial land - Two-parcel development site near Downtown Bellevue Park and transit.
    Where is this commercial land located?
    The property is located at 119 107Th Ave SE Bellevue, WA.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: - Prime Downtown Bellevue development site.; - Walking distance to Bellevue Square and Lincoln Square shopping and dining.; - Close proximity to Amazon Towers and other major corporate headquarters.
    Request Owner's contact information
    119 107Th Ave SE 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.
    119 107Th Ave SE
    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
    119 107Th Ave SE 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
    Adrienne Hunter
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.