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Property profile & analytics
OFF-MARKET
Estimated value
$27,765,000
Investment properties
1020 108th NE Ave Bellevue, WA 98004-4315
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1387938
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Construction
CONCRETE
Total area
129,903 SF
Lot
0.51 ac (22,073 SF)
Zoning code
DNTN-R
APN
072000-0020
UPID
US90-1387938
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
-
barre3 Gym & Fitness Center
-
FreeGren Digital Agency Advertising Agency Marketing & Advertising
-
Northwest Appraisal Real Estate Agency
-
TEN20 Apartment Building Apartment Complex
-
Edward Jones - Financial Advisor: John L Coeuille Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.77M
Owner & transaction history
1020 Towel · 20 yrs held
1020 Towel
since 2005
7 recorded transactions
Zoning & alternative use
DNTN-R · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$41,530,000
6.5%
$38,335,000
7%
$35,595,000
Blend value · Realmo final
$27.77M
Range $24.99M – $30.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$214 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$604,504
Tax year 2022
Assessed value
$85,500,500
Assessed 2022
Previous assessed
$85,500,500
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$10,484,600
Assessed improvement
$75,015,900
Land market value
$10,484,600
Improvement market value
$75,015,900
Total market value
$85,500,500
Applied tax rate
330.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
ELECTRIC
Cooling
CENTRAL
Stories
21
Units
129
Total area
129,903 SF
Lot
0.51 ac (22,073 SF)
Zoning code
DNTN-R
APN
072000-0020
UPID
US90-1387938
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DNTN-R · Bellevue, WA
Zoning DNTN-R · permitted uses
DNTN-R · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
ELECTRIC
Cooling
Yes
Stories
21
Units
129
Lot
0.51 ac
Current owner
From public records · entity-resolved
1020 Towel
Individual
Mailing address
1745 SHEA CTR DR STE #200, HIGHLANDS RANCH, CO 80129-1540
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2010
—
1020 Tower LP
—
Grant Deed
related
$61,061,000 · Wells Fargo Bank
Dec 21, 2005
$6,834,000
1020 Towel
1020 LLC
Grant Deed
—
Oct 18, 2001
—
1020 LLC
—
Deed Of Trust
related
$12,150,000 · General Bank
Feb 2, 2000
—
1020 LLC
1020 Associates LLC
Quit Claim Deed
related
—
Jan 12, 2000
$26,668
Villa Firenze Associates LLC
1020 Associates LLC
Quit Claim Deed
related
—
Jan 12, 2000
—
Bellevue City (wa)
Villa Firenze Associates LLC
Quit Claim Deed
related
—
Jan 12, 2000
$2,673,330
1020 LLC
1020 Associates LLC
Trustees Deed
related
$1,604,000 · General Bank
Oct 1, 1998
$1,675,000
1020 Associates LLC
Johnson,david L & Karlene M
Grant Deed
$1,250,000 · Source Capital Corp
—
—
1 1020 LLC
—
Deed Of Trust
related
$1,500,000 · Pacifica Bank
—
—
Drew J Hardin
—
Deed Of Trust
related
$110,000 · Keycorp Mortgage INC
—
—
1020 Tower LP
—
Deed Of Trust
related
$61,061,000 · Wells Fargo Bank
—
—
1020 LLC
—
Deed Of Trust
related
$1,850,000 · Bank Of America
—
—
1020 LLC
—
Deed Of Trust
related
$2,457,000 · Pacifica Bank
—
—
Donald W Rutledge
—
Deed Of Trust
related
$75,000 · Key Bank Of Washington
—
—
1020 Tower LP
—
Deed Of Trust
related
—
—
—
1020 Tower LP
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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