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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Warehouses
12010 32nd St Bellevue, WA 98005-4121
Entity Owned
21-yr Hold
Free & Clear
Property ID
US90-0098730
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
WOOD
Total area
6,000 SF
Lot
0.95 ac (41,382 SF)
Zoning code
LI
APN
092405-9149
UPID
US90-0098730
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$665k
Owner & transaction history
Newport Shores Vista LLC · 21 yrs held
Newport Shores Vista LLC
since 2004
5 recorded transactions
Zoning & alternative use
LI · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Light Industrial Districts provide for the location of a broad array of activities, including manufacturing, wholesale trade and distribution activities. Offices are discouraged unless they support the primary functions of the LI District. Sales of goods and services subordinate to permitted activities and sales of bulky or large scale items are appropriate,…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
214.93 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
Method
Estimation
Statistic approach
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$111 / 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
$29,533
Tax year 2022
Assessed value
$4,174,600
Assessed 2022
Previous assessed
$4,174,600
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,034,500
Assessed improvement
$3,140,100
Land market value
$1,034,500
Improvement market value
$3,140,100
Total market value
$4,174,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
CENTRAL
Buildings
2
Stories
1
Total area
6,000 SF
Lot
0.95 ac (41,382 SF)
Zoning code
LI
APN
092405-9149
UPID
US90-0098730
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Bellevue, WAZoning LI · permitted uses
LI · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Light Industrial Districts provide for the location of a broad array of activities, including manufacturing, wholesale trade and distribution activities. Offices are discouraged unless they support the primary functions of the LI District. Sales of goods and services subordinate to permitted activities and sales of bulky or large scale items are appropriate, except for auto sales and rentals which are appropriate only in certain locations.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
214.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
CENTRAL
Stories
1
Buildings
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Newport Shores Vista LLC
Entity
Free & Clear · 21 yrs held
Mailing address
8451 SE 68TH ST STE #200, MERCER ISLAND, WA 98040-5240
Ownership since
2004
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
Aug 23, 2004
$684,000
Newport Shores Vista LLC
Evergreen Summit LLC
Warranty Deed
—
May 22, 2003
—
Evergreen Summit LLC
Bailey,tr
Quit Claim Deed
related
—
May 20, 2003
—
Bailey,tr
Evergreen Hill Partnership
Quit Claim Deed
related
—
—
—
Evergreen Hill Ptshp
—
Deed Of Trust
related
$213,000 · Sterling Savings Association
—
—
Evergreen Hill Partnership
—
Deed Of Trust
related
$300,000 · Sterling Savings Association
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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