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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Medical Office Space
1260 116th NE Ave Bellevue, WA 98004-3800
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1617128
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
WOOD
Total area
15,480 SF
Lot
0.52 ac (22,484 SF)
Zoning code
BR-MO-1
APN
282505-9212
UPID
US90-1617128
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
-
Borjis Acupuncture and Holistic Health Clinic Medical Clinic Alternative Medicine Practice
-
Bellevue Body Queen MD Physician Medical Clinic
-
Jennifer A. Lambalot, DPT Physician
-
Pacific Sound Plastic Surgery | Kristopher M. Day, MD, FACS Medical Clinic
-
Bel-Red Center for Aesthetic Surgery Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Bel Red Center LLC · 21 yrs held
Bel Red Center LLC
since 2005
4 recorded transactions
Zoning & alternative use
BR-MO-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$138 / 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
$29,276
Tax year 2022
Assessed value
$4,138,200
Assessed 2022
Previous assessed
$4,138,200
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$3,147,700
Assessed improvement
$990,500
Land market value
$3,147,700
Improvement market value
$990,500
Total market value
$4,138,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
15,480 SF
Lot
0.52 ac (22,484 SF)
Zoning code
BR-MO-1
APN
282505-9212
UPID
US90-1617128
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-MO-1 · Bellevue, WA
Zoning BR-MO-1 · permitted uses
BR-MO-1 · 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.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Bel Red Center LLC
Entity
Mailing address
1260 116TH AVE NE STE #110, BELLEVUE, WA 98004-3800
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2005
$2,300,000
Bel Red Center LLC
Wright Evans Associates LLC
Warranty Deed
$950,000 · Us Bank NA
Feb 7, 1994
$700,000
Evans Wright
Fall City Svcs I
Grant Deed
$588,500 · Seller
Mar 22, 1993
—
Fall City Services INC
Revelle Hawkins
Grant Deed
related
—
—
—
Wright-evans Associates LLC
—
Deed Of Trust
related
$950,000 · Us Bank
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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