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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Office buildings
11624 5th St, Bellevue, WA 98005-3590
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0206233
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
FRAME
Total area
35,520 SF
Lot
1.24 ac (54,096 SF)
Zoning code
PO
APN
939970-0010
UPID
US90-0206233
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
-
Worry-Free Wednesdays, LLC Consultant
-
Polygon Northwest Company Corporate Office
-
Mirra Homes Construction Company General Contractor
-
Belleview office Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Todd David Bethel · 3 yrs held
Todd David Bethel
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PO · 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
$1,235,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.33M (Apr 18 2023)
Last sale anchor
$1.33M
Apr 18 2023
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
$38 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$58,216
Tax year 2024
Assessed value
$7,554,400
Assessed 2023
Previous assessed
$7,554,400
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,516,200
Assessed improvement
$4,038,200
Land market value
$3,516,200
Improvement market value
$4,038,200
Total market value
$7,554,400
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
2001
Construction
FRAME
Heating
CENTRAL
Buildings
2
Stories
2
Total area
35,520 SF
Lot
1.24 ac (54,096 SF)
Zoning code
PO
APN
939970-0010
UPID
US90-0206233
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PO · Bellevue, WA
Zoning PO · permitted uses
PO · 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
2001
Construction
FRAME
Heating
CENTRAL
Stories
2
Buildings
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Todd David Bethel
Individual
Mailing address
11624 SE 5TH ST STE #210, BELLEVUE, WA 98005-3642
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Apr 18, 2023
$1,329,000
Todd David Bethel
Issaquah Highlands Investment Fund
Bargain And Sale Deed
$996,750 · Crosscountry Mortgage LLC
Nov 1, 2021
—
Wilburton Office LP
Wilburton Office LLC
Intrafamily Transfer
related
—
Dec 28, 2020
—
Wilburton Office LLC
—
Deed
related
$8,800,000 · Washington Fed'l Bk
Jan 26, 2001
—
Wilburton Office LLC
Belem LLC
Quit Claim Deed
related
—
Dec 31, 1998
—
Wilburton Office LLC
—
Grant Deed
related
$3,875,000 · Us Bank
Dec 30, 1997
—
Wilburton Officer LLC
Poloygon Norwest Co
Quit Claim Deed
related
—
Jul 16, 1997
$670,000
Polygon Northwest Co
Dally,donald F & Suzanne M
Grant Deed
$455,000 · Continental Savings Bank
—
—
Wilburton Office LLC
—
Deed Of Trust
related
$4,550,000 · Salomon Brothers Realty Corp
—
—
Wilburton Office LLC
—
Deed Of Trust
related
$8,800,000 · Washington Fed'l Bk
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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