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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Retail space
11027 4th St Bellevue, WA 98004-5821
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1348143
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
WOOD
Total area
7,802 SF
Lot
0.26 ac (11,261 SF)
Zoning code
DNTN-MU
APN
290520-0050
UPID
US90-1348143
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
-
Lakeshore Learning Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Wallace/scott Bellevue II LLC · 21 yrs held
Wallace/scott Bellevue II LLC
since 2005
5 recorded transactions
Zoning & alternative use
DNTN-MU · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$166 / 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
$45,804
Tax year 2022
Assessed value
$6,476,000
Assessed 2022
Previous assessed
$6,476,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$6,475,000
Assessed improvement
$1,000
Land market value
$6,475,000
Improvement market value
$1,000
Total market value
$6,476,000
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
Off-Market
Year built
1977
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
7,802 SF
Lot
0.26 ac (11,261 SF)
Zoning code
DNTN-MU
APN
290520-0050
UPID
US90-1348143
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DNTN-MU · Bellevue, WAZoning DNTN-MU · permitted uses
DNTN-MU · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Wallace/scott Bellevue II LLC
Entity
Mailing address
PO BOX 4184, BELLEVUE, WA 98009-4184
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
Wallace Scott Bellevue II LLC
—
Deed
related
$2,947,808 · Washington Federal NA
Jun 4, 2021
—
Wallace Scott Bellevue II LLC
—
Deed
related
$350,000,000 · Washington Federal NA
Apr 8, 2005
—
Wallace/scott Bellevue II LLC
Wallace/scott LP
Warranty Deed
$1,000,000 · Barclays Capital Real Estate INC
Oct 22, 1991
$700,000
Pacific Group
Underwood,john W
Grant Deed
$500,000 · West One Bank Washington
—
—
Wallace Of Scott Bellevue II LLC|wallace Of Scott
—
Deed Of Trust
related
$6,175,000 · Washington Fed'l Svgs
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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