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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Office buildings
12826 40th Ln, Bellevue, WA 98006-4278
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0795874
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
21,164 SF
Lot
0.7 ac (30,690 SF)
Zoning code
CB
APN
162405-9275
UPID
US90-0795874
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
-
Ko & Ko Periodontics (Dr. Michelle Ko and Dr. Alex Ko) Dental Office
-
Shin-Lu M. Liu, LMFT Marriage Or Relationship Counselor
-
Tender Rock Acupuncture 柔石针灸诊所 Counselor Health Consultant
-
Evergreen Acupuncture & Herbal Clinic Medical Clinic Alternative Medicine Practice
-
Kenneth W. Gober, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.02M
Owner & transaction history
Factoria Business LLC · 7 yrs held
Factoria Business LLC
since 2018
7 recorded transactions
Zoning & alternative use
CB · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,360,000
Change: -10% · Conversion: Easy
RETAIL STORES
$8,300,000
Change: -11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,070,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±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
$237 / 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
$48,189
Tax year 2022
Assessed value
$6,813,300
Assessed 2022
Previous assessed
$6,813,300
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,872,000
Assessed improvement
$4,941,300
Land market value
$1,872,000
Improvement market value
$4,941,300
Total market value
$6,813,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
GAS
Cooling
AC.PACKAGE
Stories
2
Total area
21,164 SF
Lot
0.7 ac (30,690 SF)
Zoning code
CB
APN
162405-9275
UPID
US90-0795874
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bellevue, WA
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$8.4M
RETAIL STORES
Est. value
$8.3M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Factoria Business LLC
Entity
Mailing address
9126 NE 15TH ST, CLYDE HILL, WA 98004-3305
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
$7,560,000
Factoria Business LLC
Factoria East Plaza LLC
Warranty Deed
—
Jan 20, 2009
—
Factoria East Plaza LLC
Liu,shin-lu M
Quit Claim Deed
related
—
Aug 14, 2007
—
Liu Yung-pai H Residuary Trust
Liu Yung-pai H
Quit Claim Deed
related
—
Feb 28, 2001
—
Shin-liu M Liu
—
Grant Deed
related
$750,000 · Interwest Bank
Jul 11, 1997
$1,300,000
Shin-lu Liu
Conolly,patrick
Grant Deed
$568,000 · Us Bank
Feb 16, 1989
$1,510,000
Patrick Connolly
J & F Investment
Grant Deed
—
—
—
Shin-lu M Liu
—
Deed Of Trust
related
$300,000 · Us Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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