Well-Maintained Medical/Dental Building For
15419 NE 20th St, Bellevue, WA
For Sale
Contact for pricing
Fully occupied medical/dental building with modern upgrades and excellent location.
Property Size12,858 SF
Lot Size0.86 Acres
Price / SF$696.06
Days on Market422
Property Features for 15419 NE 20th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
RE/MAX Northwest Realtors
(206) 522-5500
Listed By:
Ricky Mouw · License WA #80899
(360) 920-7053
Source:
Moodyscre
Added: Sep 15, 2025
Changed: Aug 22
Last Checked: Aug 25 at 8:04AM
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 RE/MAX Northwest Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a fully occupied and well-maintained dental/medical building featuring six suites and modern upgrades. The property includes ADA access with an elevator. It offers sufficient parking, including 18 covered spaces. The building has outstanding frontage, quality, and visibility. Its location is excellent, close to downtown Bellevue, Redmond, Kirkland, the crossroads shopping corridor, and the Microsoft Campus. The property size is 12,858 square feet.
Key Highlights
- Fully occupied Dental / Medical building
- Excellent location near downtown Bellevue, Redmond, Kirkland, crossroads shopping corridor and Microsoft Campus
- Six suites with modern upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$280,510
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,610,200
$5.6M
Cap Rate 7%
$4,007,286
$4.0M
Cap Rate 9%
$3,116,778
$3.1M
Market Conditions
NOI Build-Up for 12,858 SF
Gross rent
$462.9K $36.00/SF
− Vacancy
−$88.9K −$6.91/SF
EGI
$374.0K $29.09/SF
− OpEx
−$93.5K −$7.27/SF
NOI
$280.5K $21.82/SF
Area
Bellevue, WA
Vacancy
19.20%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,610,200
Cap Rate 7%
$4,007,286
Cap Rate 9%
$3,116,778
Alternative Uses
Best Use
Office B
$4.01M
$3.51M – $4.68M
NOI $280,510 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$2.98M
$2.61M – $3.48M
NOI $208,855 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$5.95M
$5.21M – $6.94M
NOI $416,599 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,286
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Bellevue
Vacancy Rate% for Office in West region
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- Reliable Vet Relief — 2454 160th Ave NE, Bellevue, WA 98008
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied medical/dental building with modern upgrades and excellent location.
Where is this medical office space located?
The property is located at 15419 NE 20th St Bellevue, WA.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: Fully occupied Dental / Medical building; Excellent location near downtown Bellevue, Redmond, Kirkland, crossroads shopping corridor and Microsoft Campus; Six suites with modern upgrades
