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    Property profile & analytics

    11130 10Th St Bellevue, WA 98004

    • Office space
    For Lease
    View listing
    $40 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0790684
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • F45 Training Bellevue / Gym / Fitness Center
    • Brio Apartments / Apartment Building / Apartment Complex
    • shuttle 87 / Bus And Coach Company / Minibus Taxi Service
    • Clement Lash / Eyelash Salon
    • Secret Garden Nails & Beautique - Bellevue / Beauty Salon

    Property Details for 11130 10Th St

    Year built
    2020
    Property type
    Office space

    Description

    This exceptional 2,416-square-foot office space is located in a beautifully designed, modern mixed-use building in the heart of Bellevue's Central Business District. Built in 2020, this two-story building offers a sleek design with abundant natural light from expansive windows. The suite is part of a multi-tenant building with one building in total and 23 stories, featuring convenient elevator access. The property is ideally situated near a variety of amenities, including Farine Bakery, Sola Salons, bStrong Fitness, and numerous restaurants all within a short walk. Commuting is a breeze with easy access to major freeways and the light rail system. Free visitor parking is available on-site. This retail and office space presents a fantastic opportunity for businesses seeking a prime location in a vibrant and convenient setting. The property is located at 11130 NE 10th St, Bellevue, WA 98004. A virtual tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.19092683997
    Latitude
    47.619280348684

    Comparable in this City

    • $40 SF/Yr
      2,416 SF

      Downtown Bellevue Mixed-Use Space

      Modern retail/office space in a prime downtown Bellevue location.
      11130 Northeast 10Th St, Bellevue, WA 98004
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    • Contact for pricing
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      Bellevue Office Space For Lease

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      1417 116Th Ave NE, Bellevue, WA 98004
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    • $27 SF/Yr
      3,563 SF

      Bellevue Office Space Available

      Ready-to-occupy office space with included furniture and ample parking.
      2275 116Th Ave NE, Bellevue, WA 98004
      View Details

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    Similar Nearby for Lease

    • $40 SF/Yr
      2,416 SF

      Downtown Bellevue Mixed-Use Space

      Modern retail/office space in a prime downtown Bellevue location.
      11130 Northeast 10Th St, Bellevue, WA 98004
      View Details
    • Contact for pricing
      27,502 SF

      Bellevue Office Space Available

      Office space available for rent in Bellevue, Washington.
      110 110Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      9,161 SF

      Bellevue Office Space Available

      9,161 SF office space for rent in Bellevue, WA.
      10700 Northup Way, Bellevue, WA 98004
      View Details
    • $41 SF/Yr
      24,991 SF

      Bellevue Office Space with Views

      Top floor office space with mountain and city views.
      1120 112Th Ave NE, Bellevue, WA 98004
      View Details
    • $25 SF/Yr
      10,885 SF

      Bellevue Office Space For Lease

      Office space in great location with excellent freeway access.
      1417 116Th Ave NE, Bellevue, WA 98004
      View Details
    • $27 SF/Yr
      3,563 SF

      Bellevue Office Space Available

      Ready-to-occupy office space with included furniture and ample parking.
      2275 116Th Ave NE, Bellevue, WA 98004
      View Details
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    Bellevue, WA 98004
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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