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Property profile & analytics
OFF-MARKET
Commercial land
11401 21st St Bellevue, WA 98004-3028
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0053779
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1961
Construction
WOOD FRAME
Total area
1,940 SF
Lot
0.14 ac (5,995 SF)
Zoning code
BR-MO
APN
064580-0110
UPID
US90-0053779
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Infinity Luck Technologies INC · 10 yrs held
Infinity Luck Technologies INC
since 2015
5 recorded transactions
Zoning & alternative use
BR-MO · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the BelRed-MO Land Use District is to provide an area for office uses, with an emphasis on medical office.
Zone name
Bel Red Medical Office
General category
UNKNOWN
Zone area
92.68 ac
Source
Realmo
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
—
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
$8,269
Tax year 2022
Assessed value
$587,500
Assessed 2022
Previous assessed
$587,500
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$587,500
Land market value
$587,500
Total market value
$587,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1961
Construction
WOOD FRAME
Heating
RADIANT
Stories
1
Bathrooms
2
Total area
1,940 SF
Lot
0.14 ac (5,995 SF)
Zoning code
BR-MO
APN
064580-0110
UPID
US90-0053779
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-MO · Bellevue, WAZoning BR-MO · permitted uses
BR-MO · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the BelRed-MO Land Use District is to provide an area for office uses, with an emphasis on medical office.
Zone name
Bel Red Medical Office
General category
UNKNOWN
Zone area
92.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1961
Construction
WOOD FRAME
Heating
RADIANT
Stories
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Infinity Luck Technologies INC
Entity
Mailing address
11417 NE 21ST ST, BELLEVUE, WA 98004-3028
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2015
$1,070,000
Infinity Luck Technologies INC
Dogwood Park LLC
Warranty Deed
—
Nov 7, 2007
$1,057,600
State Of Wa Dept/transportation
Dogwood Park LLC
Warranty Deed
—
Sep 8, 1999
—
Dogwood Park LLC
Sunset Hills LP
Quit Claim Deed
related
—
Nov 21, 1989
$141,500
Sunset Hills
Monte,fred J JR&
Grant Deed
—
—
—
Fred J Monte JR.
—
Deed Of Trust
related
$60,000 · Boeing Employees Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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