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1721 132nd Ave NE, Bellevue, WA 98005

Single-story premises are configured as open office space with optional warehouse area in the same building.

Space Size10,400 SF
Days on Market4

Property Features for 1721 132nd Ave NE

General Information

Standard status Active
Size 10,400 SF
Net Rentable 10,400 SF
Total Parking Spaces 40
Property subtype OFFICE

Space & Availability

Available Space 10,400 SF
Contiguous Space 10,400 SF
Floor Ground Floor
Space Use Office

Additional Details

Public Transit Yes

Amenities

park like setting

Building Details

Stories 1

Spaces For Lease

at 1721 132nd Ave NE Contact us

Office/Warehouse Space For Lease

Floor
1
Size
10,400 SF
Type
OFFICE
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE
10,400 SF of single-story commercial space currently built out as open office in...
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Listing Agency: Wallace Properties, Inc.
Listed By: Bob Wallace
Source: Moodyscre
Added: Aug 17 Changed: Aug 20 Last Checked: Aug 20 at 9:20AM

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 Wallace Properties, Inc.

Investment Insights

Based on property information with market context.

The offering includes 10,400 SF of single-story commercial space arranged as open office. An additional 2,700 SF of warehouse/industrial area in the building may be included. Existing tenant improvements date to the late 1990s, with subsequent updates, and the space is available Q3 2026.

The property is located at 1721 132nd Ave NE in Bellevue, Washington, within a park-like setting. Approximately 40 surface parking stalls serve the building. Sound Transit’s Bel-Red Light Rail station is about a three-minute walk away, with service to Microsoft’s Campus, downtown Redmond, downtown Bellevue, downtown Seattle, and SeaTac Airport.

Key Highlights

  • 10,400 SF of single‑story open office space
  • Optional 2,700 SF of warehouse/industrial area in the same building
  • Approximately 40 surface parking stalls

Property Analytics

Current Use

Rafn Company Construction Company Fastpitch Studio Gym & Fitness Center

Suggested Use

Top Pick Hotel & Motel Florist Butcher Garden Center Pet Grooming Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,675
Businesses Nearby

Demographics for 98005, WA

20,961
Population
9,420
Households
2.2
Avg Household Size
36
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
2,871
Density / Sq Mi
$158,396
Median Household Income
$87,000
Median Earnings
$2,380
Median Rent
$1,373,000
Median Home Value

Market

Lease Benchmarks for Bellevue, WA

$34.93 /SF/Yr
Avg Asking Price
$25–$49.5 /SF/Yr
Price Range
10,604 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Single-story premises are configured as open office space with optional warehouse area in the same building.
Where is this office units located?
The property is located at 1721 132nd Ave NE Bellevue, WA.
What are key features of this property?
This property features: 10,400 SF of single‑story open office space; Optional 2,700 SF of warehouse/industrial area in the same building; Approximately 40 surface parking stalls
(425) 455-9976 Call to check price and availability
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