New search
Property profile & analytics
OFF-MARKET
Estimated value
$75,025,000
Office buildings
11110 8th St, Bellevue, WA 98004
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-2972013
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
268,180 SF
Lot
1.08 ac (46,847 SF)
Zoning code
DNTN-MU
APN
600950-0035
UPID
US90-2972013
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$75.03M
CAP Approach
CAP
$96.01M
Comparable Approach
Comparable
$80.55M
Blend (final)
Blend
$75.03M
Owner & transaction history
City Of Bellevue · 1 yrs held
City Of Bellevue
since 2024
Last sale
$75.0M
7 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
Method
Estimation
Statistic approach
$75,025,000
ML approach
$75,025,000
CAP Approach
CAP Return
Estimation
6%
$104,010,000
6.5%
$96,010,000
7%
$89,150,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$123,115,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$75.03M
Range $67.52M – $82.53M · ±10% · vs last sale $75.03M (Sep 5 2024)
Last sale anchor
$75.03M
Sep 5 2024
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
$280 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$575,507
Tax year 2024
Assessed value
$78,295,000
Assessed 2023
Previous assessed
$78,295,000
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$26,937,000
Assessed improvement
$51,358,000
Land market value
$26,937,000
Improvement market value
$51,358,000
Total market value
$78,295,000
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
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
9
Total area
268,180 SF
Lot
1.08 ac (46,847 SF)
Zoning code
DNTN-MU
APN
600950-0035
UPID
US90-2972013
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DNTN-MU · Bellevue, WA
Zoning 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
Bellevue. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$123.1M
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
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
9
Lot
1.08 ac
Current owner
From public records · entity-resolved
City Of Bellevue
Entity
Free & Clear · 1 yrs held
Mailing address
18818 PO BOX 90012TH AVE STE #277, BELLEVUE, WA 98009-9012
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
City Of Bellevue
Clpf Bellevue Office LLC
Intrafamily Transfer
related
—
Apr 28, 2015
$75,025,000
Clpf-bellevue Office LLC
Plaza East Property LLC
Grant Deed
—
Apr 24, 2007
$49,112,479
Plaza East Property LLC
Wa-plaza East LLC
Grant Deed
—
Apr 10, 2006
—
Wa-plaza East LLC
Eop Operating
Warranty Deed
—
Feb 29, 2000
$33,150
Properties LP Spieker
Spp Real Estate INC
Grant Deed
—
Dec 24, 1996
$25,133,000
Spp Real Estate INC
Quadrant Corp
Grant Deed
—
Oct 15, 1996
—
Ronald Leibsohn
Midrise Associates I
Grant Deed
related
—
—
—
Hq Global Workplaces INC
—
Deed Of Trust
related
$20,000 · Bnp Paribas
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11110 8th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
