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    12917 38Th St Bellevue, WA 98006

    For Lease
    $36 SF/Yr

    Prime Bellevue medical office space available.

    Lot size:
    16,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional two-story medical office building, located at 12917 SE 38th St in Bellevue, WA 98006, offers 16,540 square feet of space within the Factoria submarket. Built in 1987 and renovated in 1990, the Class C building features five suites, with 2,439 square feet currently vacant, presenting a significant opportunity for expansion or new tenancy. The property sits on a 0.82-acre lot (35,719 square feet) and is zoned CB. Ample parking is available with 79 spaces. The building's medical/dental subtype makes it ideally suited for healthcare practices seeking a well-established location in a thriving community. Its convenient location within the Factoria submarket provides easy access to major transportation routes and a diverse range of amenities. This is a rare opportunity to acquire a well-maintained medical office building in a high-demand area. The property's existing infrastructure and ample parking make it an attractive option for both established and emerging medical practices. Serious inquiries are encouraged to explore this promising investment opportunity.

    Property Features for 12917 38Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,540 SF
    Class
    C
    Total Rate
    49620

    Building Details

    Year Built/Renovated
    1987/1990
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 204
    Size
    2,439 SF
    Rate per SF
    $36

    HighLights

    • High‑demand medical/dental or office space immediately available.
    • Excellent location near the T‑Mobile campus.
    • Building signage opportunities available for tenants.
    • Ample parking with a 4.5 spaces per 1,000 square feet ratio.
    • Convenient freeway access via I‑90 and I‑405.
    • Across from Factoria Mall, providing abundant shopping, dining, and grocery options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sound Hand & Orthopedics Orthopedic Clinic Patsy C. Lazarous, ... Internist Catherine C. Dong, ... Family Practice Physician USA Garage Door ... Garage Door Supplier Rajiv Goel Orthopedic Surgeon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.16739332543
    Latitude
    47.575839613015

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    FAQs

    What type of property is this?
    Medical office - Prime Bellevue medical office space available.
    Where is this medical office located?
    The property is located at 12917 38Th St Bellevue, WA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: High-demand medical/dental or office space immediately available.; Excellent location near the T-Mobile campus.; Building signage opportunities available for tenants.
    Request Owner's contact information
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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
    12917 38Th St Bellevue, WA 98006
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