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Property profile & analytics
FOR LEASE
Retail space
10770 Northeast 8Th St Bellevue, WA 98004
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0419997
For Lease
1 / 5
$7,065,000
10770 Northeast 8Th St, Bellevue, WA 98004
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,240 SF
Lot
1.77 ac (76,992 SF)
Zoning code
DT-O-2-N
APN
154460-0150
UPID
US90-0419997
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
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.07M
Owner & transaction history
The Pokemon Company International I · 2 yrs held
The Pokemon Company International I
since 2024
7 recorded transactions
Zoning & alternative use
DT-O-2-N · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Downtown-O-2 District is to provide an area for intensive business, financial, retail, hotel, entertainment, institutional, and urban residential uses and to serve as a transition between the more intensive Downtown-O-1 District and the less intensive Downtown-Mixed Use District
Zone name
Downtown Office 2 District North
General category
MIXED_USE
Zone area
18.00 ac
Source
Realmo
Top alternative use upside
Medical building
$10.4M
+0.7%
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%
$7,730,000
6.5%
$7,135,000
7%
$6,625,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,295,000
Current use
MEDICAL BUILDING
$10,365,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,005,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,095,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.07M
Range $6.36M – $7.77M · ±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
$269 / 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
$408,267
Tax year 2022
Assessed value
$57,744,000
Assessed 2022
Previous assessed
$57,744,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$57,744,000
Land market value
$57,744,000
Total market value
$57,744,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Total area
26,240 SF
Lot
1.77 ac (76,992 SF)
Zoning code
DT-O-2-N
APN
154460-0150
UPID
US90-0419997
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DT-O-2-N · Bellevue, WAZoning DT-O-2-N · permitted uses
DT-O-2-N · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Downtown-O-2 District is to provide an area for intensive business, financial, retail, hotel, entertainment, institutional, and urban residential uses and to serve as a transition between the more intensive Downtown-O-1 District and the less intensive Downtown-Mixed Use District
Zone name
Downtown Office 2 District North
General category
MIXED_USE
Zone area
18.00 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$10.4M
INDUSTRIAL (GENERAL)
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.1M
RETAIL STORES Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Lot
1.77 ac
Current owner
From public records · entity-resolved
The Pokemon Company International I
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
The Pokemon Company International I
Scd Ne 8th LLC
Lease
—
Sep 16, 2021
—
City Of Bellevue
Scd Ne 8th LLC
Deed
—
Jul 19, 2018
$32,963,580
Scd Ne 8th LLC
Bv Holdings LLC
Grant Deed
—
Feb 28, 2018
—
Bv Holdings LLC
—
Loan Modification
related
$29,500,000 · Us Bk
Dec 5, 2014
—
Bv Holdings LLC
—
Loan Modification
related
$27,500,000 · Us Bk
Jul 16, 2010
—
Bv Holdings LLC
—
Deed Of Trust
related
$73,500,000 · Us Bank NA
Dec 7, 2009
—
Bv-wasatch Holdings LLC
—
Deed Of Trust
related
$31,500,000 · Us Bank NA
Nov 13, 2008
—
Bv Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Us Bank NA
May 2, 2008
—
City Of Bellevue
Bv-wasatch Holdings
Warranty Deed
—
Jun 12, 2003
—
Bv Holdings LLC
—
Deed Of Trust
related
$21,675,000 · Us Bank NA
Dec 11, 2002
$11,500
Bv Holdings LLC
B & N 138-302 LLC
Grant Deed
related
—
Apr 18, 2001
—
B&n 138-302 LLC
Barnes & Nelson Union Partners
Quit Claim Deed
related
—
Aug 24, 1998
—
Eugene Horbach
—
Deed Of Trust
related
$3,035,000 · Olympic Coast Investment INC
—
—
Eugene Horbach
—
Deed Of Trust
related
$225,000 · Olympic Coast Investment INC
—
—
Eugene Horbach
—
Deed Of Trust
related
$430,000 · Olympic Coast Investment INC
—
—
Eugene Horbach
—
Deed Of Trust
related
$650,000 · Olympic Coast Investment INC
—
—
Eugene Horbach
—
Deed Of Trust
related
$330,000 · Olympic Coast Investment INC
—
—
Eugene Horbach
—
Deed Of Trust
related
$100,000 · Olympic Coast Investment INC
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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