Entity Owned Property summary
AI-generated overview
The property is an office building in Bellevue, Washington, configured to provide approximately 22,706 square feet of office space. The building is designed to be operated under a net (NNN) expense structure, with additional operating expenses to be handled in accordance with applicable terms.
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
Current use
Occupant on record · Public records
-
Crypto Atm Atm
-
Pharmacy
-
Pharmacy
-
Pharmacy
-
Pharmacy
Location
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
since 2022
7 recorded transactions
Zoning & alternative use
DNTN-MU · Bellevue, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$14.07M
Value range
$12.66M – $15.48M
±10% around blend
Estimated value / SF
$317 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$12.66M
blend $14.07M
$15.48M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
44,400 SF
Lot area
1.69 ac
Year built
1962
Stories
2
APN
154410-0331
Zoning
DNTN-MU
Assessed value
$42,305,400
Annual tax
$299,117
3
Income approach: direct capitalization
Partial preview
Income approach indication
$15.90M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$17.22M
@ 6.5% CAP return
$15.90M
@ 7% CAP return
$14.76M
4
Sales comparison
Partial preview
Sales approach indication
$16.44M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.5 mi away · 34,873 SF
6.1 mi away · 33,486 SF
6.4 mi away · 53,480 SF
6.8 mi away · 44,090 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$548
-42%
Submarket 142 sales
$439
-28%
County 676 sales
$377
-16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $317/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$42.31M
Move the market yield to see immediate price impact.
Value / SF
$953
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.67M
$53.30M
$38.07M
$29.61M
$2.96M
$59.23M
$42.31M
$32.90M
$3.26M
$65.15M
$46.54M
$36.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$20.76M
3.4 mi · Feb 2026 · $377/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
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, WAZoning DNTN-MU · permitted uses
DNTN-MU · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DNTN-MU
Jurisdiction
Bellevue, WA
Recorded code
DNTN-MU
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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