Bellevue Office Condo For
For Sale
$599,000
1550 140th Ave NE, Bellevue, WA 98007
Professional office condo in a prime Bellevue location.
Property Size1,023 SF
Price / SF$585.53
Days on Market531
Property Features for 1550 140th Ave NE
General Information
Standard status
Active
Size
1,023 SF
Site & Location
Neighborhood
Crossroads
Building Details
Year Built
1988
Listing Agency:
KIDDER MATHEWS
Listed By:
HOLLY YANG, CCIM · License #94982
(425) 450-1155
Source:
Corcoran
Added: May 22, 2025
Changed: Mar 16
Last Checked: Apr 11 at 1:11PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$22,318
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,360
$446.4K
Cap Rate 7%
$318,829
$318.8K
Cap Rate 9%
$247,978
$248.0K
Market Conditions
NOI Build-Up for 1,023 SF
Gross rent
$36.8K $36.00/SF
− Vacancy
−$7.1K −$6.91/SF
EGI
$29.8K $29.09/SF
− OpEx
−$7.4K −$7.27/SF
NOI
$22.3K $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%
$446,360
Cap Rate 7%
$318,829
Cap Rate 9%
$247,978
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 98007, WA
29,476
Population
12,403
Households
2.4
Avg Household Size
33
Median Age
69%
College-Educated
95%
High-School Grad
4.3 sq mi
ZIP Area
6,855
Density / Sq Mi
$126,814
Median Household Income
$81,818
Median Earnings
$2,276
Median Rent
$934,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office condo in a prime Bellevue location.
Where is this office unit 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
