12917 SE 38Th St Bellevue, WA 98006
For Lease
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This exceptional two-story medical office building, located at 12917 SE 38th St in Bellevue, WA 98006, offers 16,540 square feet of space within the Factoria submarket. Built in 1987 and renovated in 1990, the Class C building features five suites, with 2,439 square feet currently vacant, presenting a significant opportunity for expansion or new tenancy. The property sits on a 0.82-acre lot (35,719 square feet) and is zoned CB. Ample parking is available with 79 spaces. The building's medical/dental subtype makes it ideally suited for healthcare practices seeking a well-established location in a thriving community. Its convenient location within the Factoria submarket provides easy access to major transportation routes and a diverse range of amenities. This is a rare opportunity to acquire a well-maintained medical office building in a high-demand area. The property's existing infrastructure and ample parking make it an attractive option for both established and emerging medical practices. Serious inquiries are encouraged to explore this promising investment opportunity.
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Sound Hand & Orthopedics Medical Clinic
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Patsy C. Lazarous, MD Physician
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Catherine C. Dong, DO Pediatrician Physician
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USA Garage Door Repair Building Supply General Contractor
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Rajiv Goel Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Bellevue, WABellevue. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.