Stabilized Office Building with Medical
For Sale
Contact for pricing
14205 SE 36th St, Bellevue, WA 98006
Fully occupied office building featuring professional and medical tenants and a staggered lease expiration profile.
Property Size41,577 SF
Price / SF$360.30
Days on Market140
Property Features for 14205 SE 36th St
General Information
Standard status
Active
Size
41,577 SF
Class
A
Property subtype
OFFICE
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Northmarq Commercial, LLC
(206) 584-6195
Listed By:
Raymond Vara
(206) 584-6195
Source:
Moodyscre
Added: Mar 13
Changed: Jul 26
Last Checked: Jul 26 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Commercial, LLC
Investment Insights
Based on property information with market context.
The 14205 Building is a fully stabilized office asset totaling 41,577 rentable square feet, with 100% occupancy by a mix of seven professional and medical tenants. The property’s lease profile includes staggered expirations, and a core anchor tenant recently extended through 2033, supporting long-term income continuity.
Located at the junction of I-90 and I-405 in Bellevue’s Eastgate area, the building is positioned to serve tenants seeking proximity to both Seattle and Bellevue central business districts, with convenient access afforded by the interstate intersection.
Recent capital improvements have been completed with the goal of minimizing near-term expenditure while preserving the building’s high-image, Class A suburban presentation.
Located at the junction of I-90 and I-405 in Bellevue’s Eastgate area, the building is positioned to serve tenants seeking proximity to both Seattle and Bellevue central business districts, with convenient access afforded by the interstate intersection.
Recent capital improvements have been completed with the goal of minimizing near-term expenditure while preserving the building’s high-image, Class A suburban presentation.
Key Highlights
- 41,577 rentable SF fully occupied office building
- 100% occupied by seven professional and medical tenants
- Staggered lease expiration schedule for income durability
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.50M | $36.00 |
| − Vacancy | −$287.4k | −$6.91 |
| EGI | $1.21M | $29.09 |
| − OpEx | −$302.3k | −$7.27 |
| NOI | $907.0k | $21.82 |
41,577 SF · lease $36.00/SF/yr · vacancy 19.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$12.96M
$11.34M – $15.12M
NOI $907,044 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.24M
$16.84M – $22.45M
NOI $1,347,095 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 98006, WA
40,871
Population
14,754
Households
2.8
Avg Household Size
42
Median Age
72%
College-Educated
97%
High-School Grad
11.2 sq mi
ZIP Area
3,649
Density / Sq Mi
$197,344
Median Household Income
$89,371
Median Earnings
$2,869
Median Rent
$1,233,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office building featuring professional and medical tenants and a staggered lease expiration profile.
Where is this office building located?
The property is located at 14205 SE 36th St Bellevue, WA.
What is the asking price?
The asking price for this property is $14,980,000.
What are key features of this property?
This property features: 41,577 rentable SF fully occupied office building; 100% occupied by seven professional and medical tenants; Staggered lease expiration schedule for income durability
