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Property profile & analytics
OFF-MARKET
Estimated value
$6,450,000
Warehouses
13045 32nd St, Bellevue, WA 98005-4407
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1667628
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,575 SF
Lot
1.74 ac (75,932 SF)
Zoning code
LI
APN
092405-9012
UPID
US90-1667628
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
-
North Coast Moving & Storage Moving Company Storage Facility
-
Allied Van Lines Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.45M
Owner & transaction history
Terreno 1215 Walnut LLC · 2 yrs held
Terreno 1215 Walnut LLC
since 2024
Last sale
$6.5M
4 recorded transactions
Zoning & alternative use
LI · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+84.9%
Commercial (general)
$7.9M
+77.7%
Auto repair, garage
$7.2M
+60.0%
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
$6,450,000
ML approach
$6,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,470,000
Current use
RESTAURANT
$8,265,000
Change: +85% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,940,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,150,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$6,150,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$6,110,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,940,000
Change: +33% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,400,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$6.45M
Range $5.81M – $7.10M · ±10% · vs last sale $6.45M (Jan 9 2024)
Last sale anchor
$6.45M
Jan 9 2024
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
$414 / 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
$17,469
Tax year 2022
Assessed value
$2,468,200
Assessed 2022
Previous assessed
$2,468,200
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,397,100
Assessed improvement
$1,071,100
Land market value
$1,397,100
Improvement market value
$1,071,100
Total market value
$2,468,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
15,575 SF
Lot
1.74 ac (75,932 SF)
Zoning code
LI
APN
092405-9012
UPID
US90-1667628
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Bellevue, WA
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$4.5M
RESTAURANT
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Terreno 1215 Walnut LLC
Entity
Free & Clear · 2 yrs held
Mailing address
101 MONTGOMERY ST, SAN FRANCISCO, CA 94104-4151
Ownership since
2024
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
Jan 9, 2024
$6,450,000
Terreno 1215 Walnut LLC
4m Real Estate LLC
Warranty Deed
—
Dec 23, 2010
$1,600,000
4m Real Estate LLC
Stanford Family LP
Warranty Deed
$855,438 · Washington Trust Bank
Mar 1, 1995
—
Stanford LP
Stanford,howard & Jenny T
Quit Claim Deed
related
—
Mar 27, 1990
$750,000
Howard A Stanford
Sea-fact Associa
Grant Deed
$502,500 · Seller
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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