Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11135 33rd Pl Bellevue, WA 98004-1451

    • Warehouses
    • 8,000 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Feb 24, 2022
    $3,065,000
    Value Estimations
    $2,895,000
    Show details
    Cap Rate Potential
    3.3%
    Warehouses
    Location Intelligence
    Property ID
    US90-0705328
    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

    • Horizon Distributors / Agricultural Supply

    Property Details for 11135 33rd Pl

    Year built
    1968
    Construction
    STEEL FRAME
    Lot size
    0.63 lot acres
    Property size
    8,000 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    202505-9193
    APU
    2025059193

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,730,000
      ML approach
      $2,715,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,295,000
      Current use
      OFFICE BUILDING
      $4,385,000
      Change: +91% Conversion: Difficult
      RESTAURANT
      $4,245,000
      Change: +85% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,080,000
      Change: +78% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,675,000
      Change: +60% Conversion: Easy
      MEDICAL BUILDING
      $3,160,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $3,140,000
      Change: +37% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,050,000
      Change: +33% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.191
    Latitude
    47.6395
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,387
    $1,295,600
    $1,000
    $1,296,600
    -
    $1,295,600
    $1,000
    $1,296,600

    Comparable in this City

    • Value Estimation
      $5,980,000
      19,720 SF

      11113 33rd Pl

      WAREHOUSE, STORAGE • 19,720 SF
      11113 33rd Pl, Bellevue, WA 98004-1451
      View Details
    • Value Estimation
      $3,425,000
      8,800 SF

      11108 Northup Way

      WAREHOUSE, STORAGE • 8,800 SF
      11108 Northup Way, Bellevue, WA 98004-1413
      View Details
    • Value Estimation
      $685,000
      6,650 SF

      11550 Northup Way

      WAREHOUSE, STORAGE • 6,650 SF
      11550 Northup Way, Bellevue, WA 98004-1411
      View Details
    • Value Estimation by Request
      1,280 SF

      1640 116th NE Ave

      WAREHOUSE, STORAGE • 1,280 SF
      1640 116th NE Ave, Bellevue, WA 98004-3023
      View Details
    • Value Estimation by Request
      2,700 SF

      11112 Northup Way

      WAREHOUSE, STORAGE • 2,700 SF
      11112 Northup Way, Bellevue, WA 98004
      View Details
    • Value Estimation
      $555,000
      4,956 SF

      10920 Northup Way

      WAREHOUSE, STORAGE • 4,956 SF
      10920 Northup Way, Bellevue, WA 98004-1414
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,654 SF

      Bellevue Covered Land Opportunity

      2.54-acre site with redevelopment potential in Bellevue.
      3003 Northup Way, Bellevue, WA 98004
      View Details
    • Contact for pricing
      12,575 SF

      Bellevue Office Space Available

      Office space featuring private offices, conference room, and kitchenette.
      3805 108Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Bellevue Multi-Tenant Office Building

      Well-located office building near Bellevue CBD with investment potential.
      1500 112Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Bellevue Land For Sale

      Large land parcel available in Bellevue, Washington.
      1310 116Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      1,238 SF

      Medical/Retail Condo Unit For Sale

      Medical/Retail condo available for immediate occupancy with prominent signage.
      1106 108Th Ave NE, Bellevue, WA 98004
      View Details

    Similar Nearby for Lease

    • $19,887 /Mo
      5,966 SF

      Bellevue Warehouse Space Available

      Warehouse space available for lease in Bellevue, Washington.
      505 106Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Bellevue Skyline Tower

      Discover many ways to work your way in Bellevue Skyline Tower
      10900 4Th St, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Bellefield Office Park

      Discover many ways to work your way in Bellefield Office Park
      1400 112Th Ave, Bellevue, WA 98004
      View Details
    • $34 SF/Yr
      22,287 SF

      Bellevue Office Building - I-405 Access

      Prime Bellevue office space, ample parking.
      301 116Th Ave, Bellevue, WA 98004
      View Details
    • Contact for pricing
      6,657 SF

      Bellevue Office Space For Lease

      Office space in great location with excellent freeway access.
      1417 116Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      5,217 SF

      Modern Office Space Available

      5,217 SF office space with modern finishes for rent.
      10940 NE 33Rd Pl, Bellevue, WA 98004
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11135 33rd Pl
    Bellevue, WA 98004-1451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!