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    40 Lake Bellevue Dr Bellevue, WA 98005

    Sponsored
    For Lease
    $36 SF/Yr

    Prime Bellevue office space, multiple suites available.

    Lot size:
    55,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story office building, located at 40 Lake Bellevue Dr, Bellevue, WA 98005, offers a diverse range of office spaces ideal for various business needs. The 55,700 square foot building, constructed in 1988 and renovated in 2000, is classified as Class B and sits on a 2.93-acre lot (127,842 sq ft). Currently, there are 4,165 square feet of vacant space available for lease, with suite sizes ranging from 4,928 to 7,320 square feet. The building features ample parking with 248 spaces, elevators, and is conveniently located near major transportation arteries, including I-405, SR-520, and I-90. Its strategic location provides easy access to public transportation, including nearby bus stops and future light rail stations, making it highly accessible to the Seattle workforce. The property boasts a prime location in Bellevue, offering proximity to downtown Bellevue, Facebook headquarters, the Microsoft campus, and an abundance of retail and restaurant options within walking distance. The King County property (APN: 398653-0010) is zoned BR-GC and offers stunning waterfront and downtown views. This is a unique opportunity to secure office space in a highly desirable and well-connected location.

    Property Features for 40 Lake Bellevue Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,700 SF
    Class
    B
    Total Rate
    167100

    Building Details

    Year Built/Renovated
    1988/2000
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 200
    Size
    5,204 SF
    Rate per SF
    $36
    Space
    Suite 320
    Size
    4,165 SF
    Rate per SF
    $38

    HighLights

    • 1,439 RSF available in Suite 260.
    • Lease rate: $39.50/RSF, full‑service.
    • Available May 1, 2023.
    • Suite features water views, is move‑in ready, and boasts abundant window line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Catherine E. ... Psychiatrist Hedgehog Behavioral Health ... Doctor Ardor Care Company Home Help Service Agency Smiles Inc Dentist Renee Gilbert, Ph.D. Psychologist

    Suggested Use

    Restaurant Building Supply Realty agency Wholesale Shop Dental Office Law Firm Auto Repair Shop Spa & Massage Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1810449
    Latitude
    47.6192338

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    FAQs

    What type of property is this?
    Office space - Prime Bellevue office space, multiple suites available.
    Where is this office space located?
    The property is located at 40 Lake Bellevue Dr Bellevue, WA.
    What is the lease rate?
    The lease rate is $36-$38 SF/Yr.
    What are key features of this property?
    This property features: 1,439 RSF available in Suite 260.; Lease rate: $39.50/RSF, full-service.; Available May 1, 2023.
    Request Owner's contact information
    40 Lake Bellevue Dr Bellevue, WA 98005
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    Realmo Value Estimation

    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.

    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.

    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
    40 Lake Bellevue Dr Bellevue, WA 98005
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