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Property profile & analytics
FOR LEASE
Office buildings
120 106Th Ave NE, Bellevue, WA 98004
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1575855
For Lease
1 / 3
$14,070,000
120 106Th Ave NE, Bellevue, WA 98004
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,400 SF
Lot
1.69 ac (73,573 SF)
Zoning code
DNTN-MU
APN
154410-0331
UPID
US90-1575855
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
-
CDReload by Crypto Dispensers Crypto Atm Atm
-
Rite Aid Pharmacy Pharmacy
-
Shu-Yu Tsai, RPh Pharmacy
-
Stephanie Dunbar, BSC Pharmacy
-
Annlizbeth Orara, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.07M
Owner & transaction history
Bellevue Tic LLC · 4 yrs held
Bellevue Tic LLC
since 2022
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,220,000
6.5%
$15,895,000
7%
$14,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,635,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$20,385,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$14.07M
Range $12.66M – $15.48M · ±10%
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
$317 / 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
$299,117
Tax year 2022
Assessed value
$42,305,400
Assessed 2022
Previous assessed
$42,305,400
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$42,304,400
Assessed improvement
$1,000
Land market value
$42,304,400
Improvement market value
$1,000
Total market value
$42,305,400
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
For Lease
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
44,400 SF
Lot
1.69 ac (73,573 SF)
Zoning code
DNTN-MU
APN
154410-0331
UPID
US90-1575855
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$22.6M
AUTO REPAIR, GARAGE
Est. value
$20.4M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Bellevue Tic LLC
Entity
Free & Clear · 4 yrs held
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
Bellevue Tic LLC
Shu Fen Hsiao
Correction Deed
related
—
Jan 18, 2022
—
Swb Bellevue III LLC
Bellevue Tic LLC
Ground Lease
related
—
Nov 3, 2021
—
Bellevuc Tic LLC
Chi Hsiao LLC
Correction Deed
related
—
Sep 9, 2021
—
Bellevue Tic LLC
Bellevue
Intrafamily Transfer
related
—
Jul 27, 2012
—
Peng Hsiao
Hsiao Sheng
Quit Claim Deed
related
—
Feb 17, 2010
—
Peng H & L H Family Trust
Peng,hwa-yang
Quit Claim Deed
related
—
Feb 20, 2008
—
Hsiao I/l Trust
Hsiao,i-hsiung
Quit Claim Deed
related
—
Feb 13, 2008
—
Peng Hsiao LLC
Hsiao,peng
Quit Claim Deed
related
—
Dec 19, 2007
—
Shirley Hung LLC
Hung,shirley S
Quit Claim Deed
related
—
Dec 10, 2007
—
Shirley S Hung
Hung Shirley & C Trust
Quit Claim Deed
related
—
Nov 15, 2007
—
Shu-fen Hsiao
Hsiao,shu-feng
Quit Claim Deed
related
—
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?”
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