Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2122 112Th Ave NE Bellevue, WA 98004

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,454 /Mo ($25 SF/Yr)

    Office space in a park-like setting with convenient access.

    Property size:
    1,658 SF
    Lot size:
    1,658 SF

    Property Features for 2122 112Th Ave NE

    General Information

    Standard status
    Active
    Size
    1,658 SF

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Aaron Mathieu
    Source: Corcoran

    Listing Agency: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Listing Agent: Aaron Mathieu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Suburban Bellevue Office Space Available

    This suburban Bellevue office space is situated in a park-like setting, offering convenient access to downtown Bellevue. The property features an efficient build-out of private offices. Ample free surface parking is available.
    Location Intelligence

    Current Use by Public Records

    Daniel Tomczyk Physician Northwest Volleyball - nwjuniors.org Gym & Fitness Center Commercial Office Systems Computer & Electronic Repair NuOz IT Consulting Firm Veitch Ault Defense ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1897525
    Latitude
    47.6293665

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Redmond Center

      Discover many ways to work your way in Redmond Center
      2018 156Th Ave, Bellevue, WA 98007
      View Details
    • Contact for pricing

      Bellevue Skyline Tower

      Discover many ways to work your way in Bellevue Skyline Tower
      10900 4Th St, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Bellefield Office Park

      Discover many ways to work your way in AZ, Phoenix - 24th and Camelback
      1400 112Th Ave, Bellevue, WA 98004
      View Details
    • Contact for pricing

      WA, Bellevue - NE 4th St

      Discover many ways to work your way in San Antonio Airport
      10655 4Th St, Bellevue, WA 10655
      View Details
    • Contact for pricing

      WA, Bellevue - SE 32nd

      Discover many ways to work your way in Boise Downtown
      12822 32 Ct, Bellevue, WA 12822
      View Details
    • Contact for pricing

      Ridgewood Corporate Square

      Flexible workspace in Central Avenue
      11900 1St St, Bellevue, WA 98005
      View Details
    • $50 SF/Yr
      2,935 SF

      Suburban Bellevue Boutique Office Building

      Well-maintained office building with freeway access and free parking.
      11711 Southeast 8Th St, Bellevue, WA 98005
      View Details
    • $35 SF/Yr
      2,305 SF

      Bellevue Office Space Available

      Office space with private offices, conference room, and kitchen.
      12600 SE 38Th St, Bellevue, WA 98006
      View Details
    • $9,555 /Mo
      3,822 SF

      Bellevue Office Space Available

      Office space available for rent in Bellevue, Washington.
      15500 30Th Pl, Bellevue, WA 98007
      View Details
    • Contact for pricing

      Downtown Bellevue Office Tower Ready

      Office tower in thriving Downtown Bellevue with modern amenities.
      929 108Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Communal Courtyard Office Space

      Office space featuring a communal courtyard with various amenities.
      3005 112Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Class A Office Space Available

      24-story Class A office building in Bellevue's central business district.
      10900 NE 4Th St, Bellevue, WA 98004
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in a park-like setting with convenient access.
    Where is this office units located?
    The property is located at 2122 112Th Ave NE Bellevue, WA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Convenient access to downtown Bellevue; - Ample free surface parking; - Efficient build out of private offices
    (206) 210-5207
    Request Owner's contact information
    2122 112Th Ave NE Bellevue, WA 98004
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2122 112Th Ave NE
    Bellevue, WA 98004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2122 112Th Ave NE Bellevue, WA 98004
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aaron Mathieu
    (206) 210-5207 (425) 454-4242
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!