Financial
Distress signals
Property profile

1416 112th NE Ave Bellevue, WA 98004

OFF-MARKET
Office buildings
Property ID
US90-1075435
8,788 SF 0.63 ac lot Built 1985
Last sale May 2025 · $4,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a two-story, wood-frame office building with 9,202 square feet of space, situated in Bellevue’s Medical Corridor on a 0.63-acre lot. It has visibility and signage frontage on 112th Avenue NE and includes private offices, open workspaces, and basement storage. Two second-floor parking decks provide surface parking, laid out to support a parking ratio of approximately 4 spaces per 1,000 square feet. The building has been upgraded with LED lighting and is maintained with routine

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$23k
Tax billed · 2022
Assessed value$3.32M
Assessed land$3.32M
Assessed improvement$1k
Effective rate0.71%

Value estimate

· Sep 2026
$5.04M
$4.53M – $5.54M
AI approach$5.08M
CAP approach$3.15M
Submarket $/SF estimate$3.27M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$548/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$300 – $771
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
O
Office Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.7
Shoe Repair8.7
Butcher8.5

Location

1416 112th NE Ave Bellevue, WA 98004-3710
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2233 112th NE, Bellevue, WA 98004-2936 $16,000,000 Feb 2025 27,678 SF
2105 112th NE, Bellevue, WA 98004-2945 $3,522,480 Feb 2024 6,700 SF
11555 8th, Bellevue, WA 98004-6447 $6,100,000 Dec 2023 16,356 SF
2700 Northup, Bellevue, WA 98004-1463 $6,650,000 Jul 2023 13,100 SF
11106 Northup, Bellevue, WA 98004-1413 $2,460,000 Feb 2022 6,000 SF
11512 19th, Bellevue, WA 98004-3029 $1,760,000 Nov 2021 2,370 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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