Financial
Distress signals
Property profile

12301 NE 10Th Pl Bellevue, WA 98005

FOR LEASE
Office buildings
Property ID
US90-1757078
42,710 SF 1.44 ac lot Built 1980
Last sale Mar 1999 · $4,736,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 27-yr Hold Held for 27 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a medical/office building in Bellevue that is configured for occupancy as an income-producing healthcare and office facility and has been fully leased with long-term tenant usage history. It features modern common areas that support day-to-day operations and was recently renovated. The building is located near Downtown Bellevue, Overlake Medical Center, and State Route 520 (SR-520). Zoning is identified as MUR-M, which supports redevelopment potential under the applicable zoning framework.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$61k
Tax billed · 2022
Assessed value$8.65M
Assessed land$6.27M
Assessed improvement$2.38M
Effective rate0.71%

Value estimate

· Sep 2026
$6.37M
$5.73M – $7.01M
NOI build-up
Gross scheduled income$66k
Vacancy & credit loss−$13k
Operating expenses−$13k
NOI · 83,127.08% cap applied$40k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$342/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$167 – $598
Qualifying comparables5

Cap rate analysis

How does the asset earn?
83,127.08%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
O
Office Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Catering Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Catering Service8.8
Pet Grooming Service8.5
Butcher8.3

Location

12301 NE 10Th Pl Bellevue, WA 98005
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3150 Richards, Bellevue, WA 98005-4446 $385,000 Jan 2025 47,880 SF
875 140th NE, Bellevue, WA 98005-3400 $6,500,000 Apr 2024 23,482 SF
11624 5th, Bellevue, WA 98005-3590 $1,329,000 Apr 2023 35,520 SF
325 118th SE, Bellevue, WA 98005-3539 $28,000,000 Oct 2022 37,606 SF
12822 32nd, Bellevue, WA 98005-4340 $15,425,000 Nov 2021 36,269 SF
2100 124th NE, Bellevue, WA 98005-1934 $6,000,000 Dec 2019 24,118 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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
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