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Property profile & analytics
FOR LEASE
Medical Office Space

12917 SE 38Th St Bellevue, WA 98006

24,810 SF 0.82 ac lot Built 1987
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US90-1403824
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Construction WOOD
Total area 24,810 SF
Lot 0.82 ac (35,578 SF)
Zoning code CB
APN 092405-9246
UPID US90-1403824
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
  • Sound Hand & Orthopedics Medical Clinic
  • Patsy C. Lazarous, MD Physician
  • Catherine C. Dong, DO Pediatrician Physician
  • USA Garage Door Repair Building Supply General Contractor
  • Rajiv Goel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.96M
Owner & transaction history
13000 Bel-red LLC · 10 yrs held
13000 Bel-red LLC
since 2016
3 recorded transactions
2016
$7.1M
2007
Price N/A
1993
$3.4M
Zoning & alternative use
CB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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