Property profile

123 105Th Ave SE Bellevue, WA 98004

FOR SALE
Office buildings
Property ID
US90-0971887
6,712 SF 0.31 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard
No photos on file
For Sale
Contact for pricing 6,712 SF
123 105Th Ave SE, Bellevue, WA 98004
View Listing →

Property summary

AI-generated overview

This exceptional two-story office building, located at 123 105th Ave SE in Bellevue, WA 98004, presents a unique investment opportunity. Boasting 6,490 square feet of well-designed space, the building, constructed in 1988 and renovated in 2010, features a highly efficient layout perfect for a variety of businesses. The interior includes a blend of private offices and spacious meeting rooms, complemented by two convenient break areas and abundant natural light from large windows. The property sits on a 13,686 square foot lot and is zoned PO. Parking is readily available, encompassing both surface and garage options. Its prime downtown Bellevue location offers unparalleled convenience, situated just off Main Street and Bellevue Way, providing easy access to a wealth of amenities. Furthermore, its strategic location ensures excellent freeway access to both I-405 and I-90, making commuting a breeze for employees and clients alike. This standalone building represents a rare opportunity to acquire a highly desirable, well-maintained office property in the heart of Bellevue's thriving business district. The asking price for this exceptional property is $4,990,000. This is a must-see for discerning investors seeking a strong return on investment in a premier location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,712 SF
Lot 0.31 ac (13,686 SF)
Zoning code PO
APN 522330-0260
UPID US90-0971887

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
  • Charitable Organization Social Service Agency
  • Charitable Organization Social Service Agency
  • Business To Business Service

Location

123 105Th Ave SE Bellevue, WA 98004
Bellevue metro Census 23801 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.00M
Blend (final) Blend
$4.80M

Owner & transaction history

since 2024
Last sale
$4.8M
7 recorded transactions
2024
$4.8M
2023
Price N/A
2022
$4.3M
2018
$4.2M
2012
$2.5M
1996
$1.3M
1991
$158,399

Zoning & alternative use

PO · Bellevue, WA
Zoning description

Professional Office Districts provide areas for low-intensity office uses. Structures shall have exterior designs which are compatible with surrounding developments, vegetation and topography. The Professional Office Dis…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message