New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Assisted living facilities
1115 108th NE Ave, Bellevue, WA 98004-8655
Entity Owned
Free & Clear
Property ID
US90-1538506
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2007
Construction
CONCRETE
Total area
143,840 SF
Lot
1.34 ac (58,205 SF)
Zoning code
DNTN-MU
APN
154460-0102
UPID
US90-1538506
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
-
The Bellettini Nursing Home Retirement Community
-
Kyle Montalto Physician
-
Jessica O'connell Physician
-
Ashwood Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.67M
Owner & transaction history
Bellettini Propco LLC
Bellettini Propco LLC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$25 / 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
$538,904
Tax year 2022
Assessed value
$76,221,775
Assessed 2022
Previous assessed
$76,221,775
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$24,009,575
Assessed improvement
$52,212,200
Land market value
$24,009,575
Improvement market value
$52,212,200
Total market value
$76,221,775
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
CENTRAL
Stories
5
Units
145
Total area
143,840 SF
Lot
1.34 ac (58,205 SF)
Zoning code
DNTN-MU
APN
154460-0102
UPID
US90-1538506
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.
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE
Heating
CENTRAL
Stories
5
Units
145
Lot
1.34 ac
Current owner
From public records · entity-resolved
Bellettini Propco LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4 PARK PLZ STE #1700, IRVINE, CA 92614-2559
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 15, 2025
—
Bellettini Propco LLC
Bellettini Msl LLC
Special Warranty Deed
—
Jan 15, 2025
—
Bellettini Msl LLC
—
Deed
related
$250,000 · Northwestern Mutual Life Insurance Compa
Jul 10, 2018
$96,602,000
Bellettini Msl LLC
Belv LLC
Grant Deed
—
Nov 10, 2004
$3,700,000
Lytle Ents Reverse LLC
Bellevue Silver Cloud Inn LLC
Grant Deed
$7,000,000 · Commerce Bank Of Washington
Dec 11, 2000
$3,200,000
Bellevue Silver Cloud Inn LLC
Bellevue Lofts LLC
Grant Deed
related
$3,200,000 · Western Fsb
May 22, 2000
$2,275,000
Bellevue Lofts LLC
Kent Investment Corp
Grant Deed
—
—
—
Belv LLC
—
Loan Modification
related
$45,000,000 · Miscellaneous Ins Co
—
—
Belv LLC
—
Deed Of Trust
related
$45,000,000 · Miscellaneous Ins Co
—
—
Bellevue Lofts LLC
—
Deed Of Trust
related
$1,725,000 · Columbia State Bank
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 1115 108th NE Ave?
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.
