Bellevue Office Condo For
1550 140th Ave NE Bellevue, WA 98007
For Sale
$599,000
Professional office condo in a prime Bellevue location.
Property Size1,023 SF
Price / SF$585.53
Days on Market435
Property Features for 1550 140th Ave NE
General Information
Standard status
Active
Size
1,023 SF
Building Details
Year Built
1988
Listing Agency:
KIDDER MATHEWS
Listed By:
HOLLY YANG, CCIM
Source:
Corcoran
Added: May 22, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
This property offers an opportunity to own office space in Bellevue, located at 1550 140th Ave NE. The offering combines two condos into one suite. The unit is located on the second floor of a wood walk-up building. The layout features a main room suitable for a reception area or open cubicle space, two private offices, and a conference room. Ample parking is available with a ratio of 4/1000. The property is situated in a desirable Bellevue location.
Key Highlights
- Prime Bellevue Location
- Two Condos Combined into One Expansive Suite
- Efficient Layout with Reception Area, Private Offices, and Conference Room
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 | $36.8k | $36.00 |
| − Vacancy | −$7.1k | −$6.91 |
| EGI | $29.8k | $29.09 |
| − OpEx | −$7.4k | −$7.27 |
| NOI | $22.3k | $21.82 |
1,023 SF · lease $36.00/SF/yr · vacancy 19.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$318.8K
$279.0K – $372.0K
NOI $22,318 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.5K
$414.3K – $552.4K
NOI $33,145 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Professional office condo in a prime Bellevue location.
Where is this office units located?
The property is located at 1550 140th Ave NE Bellevue, WA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime Bellevue Location; Two Condos Combined into One Expansive Suite; Efficient Layout with Reception Area, Private Offices, and Conference Room
