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Property profile & analytics
FOR LEASE
Office buildings
1110 112Th Ave NE Bellevue, WA 98004
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0845724
For Lease
$68,084 SF/Yr
1110 112Th Ave NE, Bellevue, WA 98004
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
STEEL FRAME
Total area
134,200 SF
Lot
4.04 ac (175,986 SF)
Zoning code
DT-OLB-N
APN
292505-9271
UPID
US90-0845724
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
-
Cerence (nee VoiceBox Technologies Inc) (Bike/Boat/Book/etc) Store Corporate Office
-
Umpqua Bank Bank Loan Service
-
1st Security Bank Home Lending Office Bank Credit Union
-
Hughes Mathews Legal Group Law Firm
-
Teri Burnett, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.37M
Owner & transaction history
Bcsp 112 Bellevue Equity LLC · 6 yrs held
Bcsp 112 Bellevue Equity LLC
since 2019
7 recorded transactions
Zoning & alternative use
DT-OLB-N · 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%
$52,050,000
6.5%
$48,045,000
7%
$44,615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$73,595,000
Current use
RESTAURANT
$71,195,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$68,410,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$61,610,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$44.37M
Range $39.93M – $48.80M · ±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
$331 / 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
$2,013,517
Tax year 2022
Assessed value
$284,796,000
Assessed 2022
Previous assessed
$284,796,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$79,193,700
Assessed improvement
$205,602,300
Land market value
$79,193,700
Improvement market value
$205,602,300
Total market value
$284,796,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
3
Stories
6
Total area
134,200 SF
Lot
4.04 ac (175,986 SF)
Zoning code
DT-OLB-N
APN
292505-9271
UPID
US90-0845724
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DT-OLB-N · Bellevue, WA
Zoning DT-OLB-N · permitted uses
DT-OLB-N · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$73.6M
RESTAURANT
Est. value
$71.2M
COMMERCIAL (GENERAL)
Est. value
$68.4M
AUTO REPAIR, GARAGE
Est. value
$61.6M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2001
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
6
Buildings
3
Lot
4.04 ac
Current owner
From public records · entity-resolved
Bcsp 112 Bellevue Equity LLC
Entity
Mailing address
2000 AVE OF THE STARS STE #550, LOS ANGELES, CA 90067-4713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2019
$230,400,000
Bcsp 112 Bellevue Equity LLC
112th Bellevue Operating LLC
Grant Deed
—
Dec 24, 2019
—
112bellevue Operating LLC
Bcsp 112 Bellevue Equity LLC
Grant Deed
related
$204,000,000 · Metlife Real Estate Lending LLC
Sep 28, 2018
—
112th Bellevue Operating LLC
—
Deed
related
$145,000,000 · Bank Of America
Dec 27, 2016
—
112th Bellevue Operating LLC
—
Deed
related
$108,500,000 · Bank Of America
Dec 14, 2016
$202,677,116
112th Bellevue Operating LLC
112th Bellevue Associates LLC
Grant Deed
—
Jun 29, 2004
$134,080
112th Bellevue Associates LLC
Bellevue Hines Development LLC
Grant Deed
related
—
Jul 7, 1999
—
Bellevue Hines Development LLC
—
Grant Deed
related
$270,000,000 · Bank Of Boston
Apr 30, 1998
$9,697,050
Bellevue Hines Development LLC
Bellevue Medical Dental Center
Grant Deed
related
—
—
—
112th Bellevue Operating LLC
—
Loan Modification
related
$145,000,000 · Bank Of America
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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