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Property profile & analytics
OFF-MARKET
Estimated value
$2,360,000
Office buildings
11106 Northup Way, Bellevue, WA 98004-1413
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0763258
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,000 SF
Lot
0.47 ac (20,602 SF)
Zoning code
LI
APN
202505-9226
UPID
US90-0763258
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
-
Buy Green Signs- Eco-friendly signage-green signs -eco-friendly banners (Bike/Boat/Book/etc) Store Printing Service
-
The Wide Format Company Printer Repair Service Sign Shop
-
Engineering Business Systems Industrial Manufacturer Production Facility
-
Bellevue Copy & Reprographics Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.36M
Owner & transaction history
Sisu Sauce LLC · 4 yrs held
Sisu Sauce LLC
since 2022
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
LI · 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
$2,375,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
$2,325,000
6.5%
$2,150,000
7%
$1,995,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,290,000
Current use
RESTAURANT
$3,185,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,060,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,755,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.60M · ±10% · vs last sale $2.46M (Feb 23 2022)
Last sale anchor
$2.46M
Feb 23 2022
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
$393 / 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
$7,220
Tax year 2022
Assessed value
$996,800
Assessed 2022
Previous assessed
$996,800
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$968,200
Assessed improvement
$28,600
Land market value
$968,200
Improvement market value
$28,600
Total market value
$996,800
Applied tax rate
395.0000
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
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
6,000 SF
Lot
0.47 ac (20,602 SF)
Zoning code
LI
APN
202505-9226
UPID
US90-0763258
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Bellevue, WA
Zoning LI · permitted uses
LI · 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
$3.3M
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Sisu Sauce LLC
Entity
Mailing address
6626 136TH PL SW, EDMONDS, WA 98026-3240
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
$2,460,000
Sisu Sauce LLC
Robert R Austin
Bargain And Sale Deed
$1,353,000 · Boeing Employees Cu
Feb 1, 2022
—
Robert R Austin
Austin Family LLC
Intrafamily Transfer
related
—
Jan 17, 2012
—
Austin Family LLC
—
Deed Of Trust
related
$2,400,000 · Symetra Life Insurance Co
Dec 10, 2001
—
Austin Family LP
—
Deed Of Trust
related
$1,700,000 · Safeco Life Insurance Co
Dec 30, 1991
—
Austin Family Ltd Partnersh
Austin,robert W&
Quit Claim Deed
related
—
—
—
Austin Family LP
—
Deed Of Trust
related
$1,298,059 · Symetra Life Insurance Co
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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