Fully Occupied Medical Office
New
For Sale
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1551 116th Ave NE, Bellevue, WA 98004
Established healthcare and wellness tenancy supports a fully occupied professional medical property.
Property Size9,156 SF
Price / SF$846.44
Days on Market2
Property Features for 1551 116th Ave NE
General Information
Standard status
Active
Size
9,156 SF
Property subtype
OFFICE
Occupancy
100%
Net Operating Income
$308,617
Additional Details
Cap Rate
4%
Building Details
Tenancy
Multi
Listing Agency:
Dynasty Realty, Inc.
Listed By:
Farid Mohajerjasbi
(425) 736-3259
Source:
Moodyscre
Added: Sep 1
Last Checked: Sep 1 at 9:37PM
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 Dynasty Realty, Inc.
Investment Insights
Based on property information with market context.
The 9,156-square-foot medical office property at 1551 116th Ave NE includes a diversified mix of healthcare and wellness occupants. Current users include a skin surgery practice, dental office, chiropractic practice, and spa, creating a range of medical and complementary service uses within the building.
Occupancy is reported at 100%. Tenant tenure includes more than 23 years for the skin surgery practice, more than 15 years for the dental office, and more than 4 years for the chiropractic practice. The spa joined the property in 2025. The asset is located in Bellevue, Washington, at 1551 116th Ave NE.
Occupancy is reported at 100%. Tenant tenure includes more than 23 years for the skin surgery practice, more than 15 years for the dental office, and more than 4 years for the chiropractic practice. The spa joined the property in 2025. The asset is located in Bellevue, Washington, at 1551 116th Ave NE.
Key Highlights
- 9,156‑square‑foot medical office property in Bellevue, WA
- 100% occupied with medical and wellness tenants
- Skin surgery practice has occupied the property for 23+ years
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,849
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98004, WA
39,136
Population
20,977
Households
1.9
Avg Household Size
37
Median Age
76%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,361
Density / Sq Mi
$176,367
Median Household Income
$120,667
Median Earnings
$2,706
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established healthcare and wellness tenancy supports a fully occupied professional medical property.
Where is this medical office space located?
The property is located at 1551 116th Ave NE Bellevue, WA.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: 9,156‑square‑foot medical office property in Bellevue, WA; 100% occupied with medical and wellness tenants; Skin surgery practice has occupied the property for 23+ years
