Office Building Near
For Sale
$30,000,000
3600 136th Pl, Bellevue, WA 98006
Office property adjacent to Eastgate Park & Ride with convenient connections to I-90 and I-405.
Property Size86,524 SF
Price / SF$346.72
Days on Market101
Property Features for 3600 136th Pl
General Information
Standard status
Active
Size
86,524 SF
Total Parking Spaces
305
Property subtype
Office
Zoning
OLB2
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1986
Buildings
1
Building Size
86,524 SF
Listing Agency:
R.H. Cooke & Associates
Listed By:
Bob Cooke · License #12404
(509) 327-2282
Source:
Rhcooke.idxbroker
Added: Jul 10
Changed: Oct 16
Last Checked: Oct 16 at 5:49AM
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 R.H. Cooke & Associates
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Investment Insights
Based on property information with market context.
This 86,524-square-foot office building was constructed in 1986 and is designated OLB2. The property provides a substantial office footprint within an established commercial setting.
Located in Bellevue’s I-90 Corridor submarket, the building sits next to the Eastgate Park & Ride and offers access to both I-90 and I-405. Its transit adjacency and connection to major regional routes support commuter access from multiple directions.
Located in Bellevue’s I-90 Corridor submarket, the building sits next to the Eastgate Park & Ride and offers access to both I-90 and I-405. Its transit adjacency and connection to major regional routes support commuter access from multiple directions.
Key Highlights
- 86,524 SF office building
- Constructed in 1986
- OLB2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,887,608
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$37,752,160
$37.8M
Cap Rate 7%
$26,965,829
$27.0M
Cap Rate 9%
$20,973,422
$21.0M
Market Conditions
NOI Build-Up for 86,524 SF
Gross rent
$3.11M $36.00/SF
− Vacancy
−$598.1K −$6.91/SF
EGI
$2.52M $29.09/SF
− OpEx
−$629.2K −$7.27/SF
NOI
$1.89M $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%
$37,752,160
Cap Rate 7%
$26,965,829
Cap Rate 9%
$20,973,422
Alternative Uses
Best Use
Office B
$26.97M
$23.60M – $31.46M
NOI $1,887,608 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$40.05M
$35.04M – $46.72M
NOI $2,803,378 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 98006, WA
40,871
Population
14,754
Households
2.8
Avg Household Size
42
Median Age
72%
College-Educated
97%
High-School Grad
11.2 sq mi
ZIP Area
3,649
Density / Sq Mi
$197,344
Median Household Income
$89,371
Median Earnings
$2,869
Median Rent
$1,233,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office property adjacent to Eastgate Park & Ride with convenient connections to I-90 and I-405.
Where is this office building located?
The property is located at 3600 136th Pl Bellevue, WA.
What is the asking price?
The asking price for this property is $30,000,000.
What are key features of this property?
This property features: 86,524 SF office building; Constructed in 1986; OLB2 zoning
