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Property profile & analytics
OFF-MARKET
Estimated value
$6,210,000
Medical Office Space
13033 Bel Red Rd Bellevue, WA 98005-2633
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0282129
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
CONCRETE
Total area
40,980 SF
Lot
2.23 ac (97,139 SF)
Zoning code
BR-ORT
APN
282505-9121
UPID
US90-0282129
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.21M
Owner & transaction history
Bel-red Medical Dental Ctr LLC · 18 yrs held
Bel-red Medical Dental Ctr LLC
since 2007
7 recorded transactions
Zoning & alternative use
BR-ORT · 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
$152 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$84,932
Tax year 2024
Assessed value
$10,968,900
Assessed 2023
Previous assessed
$10,968,900
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$8,742,500
Assessed improvement
$2,226,400
Land market value
$8,742,500
Improvement market value
$2,226,400
Total market value
$10,968,900
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
2006
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
40,980 SF
Lot
2.23 ac (97,139 SF)
Zoning code
BR-ORT
APN
282505-9121
UPID
US90-0282129
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-ORT · Bellevue, WA
Zoning BR-ORT · permitted uses
BR-ORT · 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
2006
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.23 ac
Current owner
From public records · entity-resolved
Bel-red Medical Dental Ctr LLC
Entity
Mailing address
PO BOX 807, BELLEVUE, WA 98009-0807
Ownership since
2007
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
Sep 11, 2017
—
Bel-red Medical Dental Center
—
Deed
related
$5,800,000 · Miscellaneous Ins Co
Sep 11, 2007
—
Bel-red Medical Dental Ctr LLC
Odegard Gockel Dev LLC
Quit Claim Deed
related
—
Jun 6, 2002
—
Odegard Cockel Investments LLC
Odegard Cockel Investments LLC
Quit Claim Deed
related
—
Dec 5, 2001
—
Odegard Gockel Constuction INC
Odegard Gockel Constuction INC
Quit Claim Deed
related
—
Mar 1, 2000
$1,355,000
Odegard Goeckel Construction
Wells Fargo Bank
Grant Deed
$948,500 · First Savings Bank Washington
—
—
Odegard-gockel Dev LLC
—
Deed Of Trust
related
$5,700,000 · Banner Bank
—
—
Bel-red Medical Dental Center
—
Deed Of Trust
related
$5,800,000 · Miscellaneous Ins Co
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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