Financial
Distress signals
Property profile

345 118Th Ave SE Bellevue, WA 98005

FOR SALE
Office buildings
Property ID
US90-1256098
9,348 SF 0.51 ac lot Built 1990
Last sale Aug 2021 · $4,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a two-story office building providing 8,847 RSF of office space. It is located in the Wilburton area, just outside Downtown Bellevue. The building includes market-ready suites and features common area and restroom renovations. The office layout is configured as divisible suites for office use.

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?
$27k
Tax billed · 2022
Assessed value$3.80M
Assessed land$1.90M
Assessed improvement$1.89M
Effective rate0.71%

Value estimate

· Sep 2026
$3.38M
$3.04M – $3.72M
AI approach$3.54M
CAP approach$3.35M
Submarket $/SF estimate$3.99M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$342/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$167 – $598
Qualifying comparables5

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: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service8.6
Pet Grooming Service8.4
Catering Service7.8

Location

345 118Th Ave SE Bellevue, WA 98005
County assessor Recorded deeds · 13 transfers 5 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13629 Bel Red, Bellevue, WA 98005-4555 $1,900,000 Sep 2023 10,560 SF
12507 Bel Red, Bellevue, WA 98005-2500 $4,450,000 Aug 2022 7,686 SF
12310 8th, Bellevue, WA 98005-3185 $5,100,000 Jul 2022 7,672 SF
902 140th NE, Bellevue, WA 98005-3464 $5,450,000 Mar 2022 8,808 SF
12509 Bel Red, Bellevue, WA 98005-2535 $3,400,000 May 2021 7,686 SF
13606 20th, Bellevue, WA 98005-2011 $16,250,000 Dec 2019 9,571 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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