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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Office buildings
11418 19th St, Bellevue, WA 98004-3030
Entity Owned
4-yr Hold
Property ID
US90-1303876
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
WOOD
Total area
1,850 SF
Lot
0.2 ac (8,500 SF)
Zoning code
BR-MO
APN
532680-0020
UPID
US90-1303876
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
-
Wellness Medic Acupuncture, Bellevue Medical Clinic Alternative Medicine Practice
-
Eva Jewel Beauty Medical Clinic Skin Care Clinic
-
Wellness Medic Acupuncture, Bellevue. 경희한의원, 벨뷰. Medical Clinic Alternative Medicine Practice
-
Medic Acupuncture Physician
-
Sam Ciapanna Attorney at Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.56M
Owner & transaction history
Ne 19th St LLC · 4 yrs held
Ne 19th St LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
BR-MO · 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
$1,410,000
ML approach
$1,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,015,000
Current use
COMMERCIAL (GENERAL)
$945,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.75M (Nov 18 2021)
Last sale anchor
$1.75M
Nov 18 2021
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
$841 / 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
$11,790
Tax year 2022
Assessed value
$1,665,000
Assessed 2022
Previous assessed
$1,665,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,105,000
Assessed improvement
$560,000
Land market value
$1,105,000
Improvement market value
$560,000
Total market value
$1,665,000
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
1955
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
1,850 SF
Lot
0.2 ac (8,500 SF)
Zoning code
BR-MO
APN
532680-0020
UPID
US90-1303876
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-MO · Bellevue, WA
Zoning 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
Bellevue. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$945,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1955
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ne 19th St LLC
Entity
Mailing address
5503 159TH PL NE, REDMOND, WA 98052-5225
Ownership since
2021
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
Nov 18, 2021
$1,750,000
Ne 19th St LLC
Sher Thing Investments LLC
Warranty Deed
$1,232,400 · Bbcn Bank
May 24, 2016
$1,200,000
Sher Thing Investments LLC
Samuel Ciapanna JR
Warranty Deed
$960,000 · Us Bank NA
Dec 29, 2009
—
Samuel Ciapanna JR.
Ciapanna,samuel JR
Quit Claim Deed
related
—
Oct 30, 1997
$235,000
Samuel Ciapanna
Chestnut,nancy
Grant Deed
$188,000 · Gn Mortgage Corp
Dec 29, 1989
$150,000
Nancy Chesnutt
Guyon,gordon&meg
Grant Deed
$120,000 · Washington Mutual Fsb
Aug 30, 1989
$89,500
Elna D Schramm
Shankle
Grant Deed
—
—
—
Nancy Chesnutt
—
Deed Of Trust
related
$117,600 · Mortgage Authority INC
—
—
Samuel Ciapanna
—
Deed Of Trust
related
$251,000 · Regal Mortgage
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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