10495 4Th St Bellevue, WA 98004
This exceptional investment opportunity presents a 807,567 square foot, two-building power center in the heart of Bellevue, WA. The property, known as Avalon Meydenbauer, boasts a coveted NE Fourth Street and Bellevue Way location, placing it steps from Bellevue Square and directly across from the expansive Lincoln Square South development (comprising 710,000 square feet of office space, 180,000 square feet of retail, and 218 residential units above a 245-room W hotel). Built in 2007, this seven-story complex sits on a 143,312 square foot lot and features 713 parking spaces, catering to both tenants and patrons. The property is zoned DT-MU and includes two suites across its retail, office, and restaurant spaces. Anchored by Safeway, this mixed-use development also houses a diverse range of tenants including BECU, Pokeworks, Lens Crafters, and Bishops Barbershop, reflecting the strength of the location. The property benefits from highly visible signage and dedicated off-street parking. The surrounding area boasts an affluent customer base, with average annual household incomes exceeding $165,000 within a three-mile radius. This prime location in Bellevue's central business district offers unparalleled access to national retailers, acclaimed restaurants, and world-class hotels. The property's APN is 6389700000. This is a rare chance to acquire a significant asset in one of Washington State's most dynamic retail markets.
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Miloka Inc. Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.