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Property profile & analytics
OFF-MARKET
Office Spaces

1 Lake Bellevue Dr Bellevue, WA 98005

18,734 SF Built 2005
Property ID
Property summary
AI-generated overview

This exceptional Class B office condo, located at 1 Lake Bellevue Dr, Bellevue, WA 98005, presents a unique owner-user opportunity. The property, built and renovated in 2005, boasts a total of 18,734 square feet across one two-story building, encompassing 110 units. The net rentable area of this specific condo is 1,211 square feet, offered at $1,200,000. The property is zoned K and features convenient access to major transportation arteries, including I-405, I-90, and SR-520. Its prime location offers the added benefit of proximity to a light rail station, fostering easy commutes. Furthermore, the property enjoys the advantage of being within walking distance of various restaurants, retail amenities, and the Overlake Hospital/Kaiser Permanente Medical Campus. The low operating cost of $4.0 per square foot annually is an attractive feature. This presents a compelling investment opportunity in a thriving Bellevue location. The APN is 638998-0000.

Property profile
Verified
Property type Office Spaces
Year built 2005
Total area 18,734 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Xiapin Song, Lac Medical Clinic Alternative Medicine Practice
  • Lake Bellevue Dental Care, Inc. Dental Office
  • Adisys Corporation (Bike/Boat/Book/etc) Store Corporate Office
  • Christina Agustin MD Physician
  • Dr. Stanley F. Abramski, MD Physician
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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