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    814-844 Bellevue Way SE Bellevue, WA 98004

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    For Sale
    $7,500,000

    Development site near downtown Bellevue with income-producing tenants.

    Property size:
    43,006 SF
    Lot size:
    0.99 Acres

    Property Features for 814-844 Bellevue Way SE

    General Information

    Size
    43,006 SF
    Lot size
    0.99 Acres

    Source: Paragon Real Estate Advisors Agent Ben Douglas

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

    Overview

    Bellevue Way Development Opportunity

    This is a development site located on Bellevue Way. The nearly one-acre site, spread across four parcels, is suitable for developing 18 townhomes, with permits ready to be re-submitted to the City of Bellevue. The location also presents an opportunity for an assisted living facility due to its location and increased density. Currently, there are two single-family rental properties and a World for Kids daycare that bring in rental income. All tenants are on month-to-month leases. The site is one mile from Downtown Bellevue, providing access to a business district home to major employers such as Amazon, Microsoft, and Salesforce. The property is near the recently opened Bellevue Downtown Link light rail station, offering connectivity to Seattle and other key regional destinations. The property is surrounded by retail, dining, and corporate headquarters.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.2006863
    Latitude
    47.6023968

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    FAQs

    What type of property is this?
    Land - Development site near downtown Bellevue with income-producing tenants.
    Where is this land located?
    The property is located at 814-844 Bellevue Way SE Bellevue, WA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Prime development site, less than one mile from Downtown Bellevue.; - Permits ready to be re-submitted for **18 townhomes on nearly one acre**.; - Excellent location for an assisted living facility.
    (206) 623-8880
    Request Owner's contact information
    814-844 Bellevue Way SE Bellevue, WA 98004
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    Realmo Value Estimation

    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.

    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.

    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
    814-844 Bellevue Way SE Bellevue, WA 98004
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