Add Listing
    For Lease
    • 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

    1408 140Th Pl NE Bellevue, WA 98007

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,500 /Mo ($26 SF/Yr)

    Office space available immediately, 1,595 SF, $3,500 per month.

    Property size:
    1,595 SF
    Lot size:
    1,595 SF

    Property Features for 1408 140Th Pl NE

    General Information

    Standard status
    Active
    Size
    1,595 SF

    Building Details

    Year built
    1979

    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

    Bellevue Office Space For Rent

    Available for rent is an office space encompassing 1,595 square feet. The gross monthly rent is $3,500.00. The space is available immediately. The property is suitable for commercial real estate purposes and can be used as office units or office spaces.
    Location Intelligence

    Current Use by Public Records

    Premier Law Group, ... Law Firm Law Offices of Terence ... Law Firm PNW Strategic Legal ... Law Firm Law Office of Julian ... Law Firm Koza Law, PLLC ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Dental Office Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1512886
    Latitude
    47.6232246

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Redmond Center

      Discover many ways to work your way in Redmond Center
      2018 156Th Ave, Bellevue, WA 98007
      View Details
    • Contact for pricing

      Bellevue Skyline Tower

      Discover many ways to work your way in Bellevue Skyline Tower
      10900 4Th St, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Bellefield Office Park

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      1400 112Th Ave, Bellevue, WA 98004
      View Details
    • Contact for pricing

      WA, Bellevue - NE 4th St

      Discover many ways to work your way in San Antonio Airport
      10655 4Th St, Bellevue, WA 10655
      View Details
    • Contact for pricing

      WA, Bellevue - SE 32nd

      Discover many ways to work your way in Boise Downtown
      12822 32 Ct, Bellevue, WA 12822
      View Details
    • Contact for pricing

      Ridgewood Corporate Square

      Flexible workspace in Central Avenue
      11900 1St St, Bellevue, WA 98005
      View Details
    • $9,313 /Mo
      2,235 SF

      Bellevue Commercial Space Available

      Market-ready commercial space available for rent in Bellevue, Washington.
      11711 8Th St, Bellevue, WA 98005
      View Details
    • $7,510 /Mo
      2,253 SF

      Bellevue Medical Corridor Office Space

      Class A office space in Bellevue Medical Corridor for lease.
      11711 12Th St, Bellevue, WA 98004
      View Details
    • $3,725 /Mo
      1,277 SF

      Bellevue Office Space Available

      Office space for rent with high visibility and parking.
      14450 29Th Pl, Bellevue, WA 98007
      View Details
    • $3,454 /Mo
      1,658 SF

      Suburban Bellevue Office Space Available

      Office space in a park-like setting with convenient access.
      2122 112Th Ave NE, Bellevue, WA 98004
      View Details
    • $2,600 /Mo
      1,040 SF

      Boutique Office Building For Rent

      High-image office building with excellent parking and convenient access.
      11555 8Th St, Bellevue, WA 98004
      View Details
    • $8,543 /Mo
      2,929 SF

      Bellevue Office Space Available

      Office space available in Bellevue, WA with parking.
      14450 29Th Pl, Bellevue, WA 98007
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available immediately, 1,595 SF, $3,500 per month.
    Where is this office units located?
    The property is located at 1408 140Th Pl NE Bellevue, WA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Available Immediately; - 1,595 SF Space; - Asking $3,500.00/month, Gross
    Request Owner's contact information
    1408 140Th Pl NE Bellevue, WA 98007
    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.
    1408 140Th Pl NE
    Bellevue, WA 98007
    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
    1408 140Th Pl NE Bellevue, WA 98007
    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!