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Property profile & analytics
OFF-MARKET
Distribution centers
13150 32nd St, Bellevue, WA 98005-4436
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1667112
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,271 SF
Lot
2.05 ac (89,334 SF)
Zoning code
LI
APN
545330-0250
UPID
US90-1667112
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
-
Topline Corporation Corporate Office
-
Firefly Aerospace Inc. Corporate Office Factory
-
Spaceflight Inc. & Integration Facility Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sand Holdings Estate LLC · 1 yrs held
Sand Holdings Estate LLC
since 2025
Last sale
$17.5M
7 recorded transactions
Zoning & alternative use
LI · 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
—
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
$72,955
Tax year 2022
Assessed value
$10,316,300
Assessed 2022
Previous assessed
$10,316,300
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,715,200
Assessed improvement
$8,601,100
Land market value
$1,715,200
Improvement market value
$8,601,100
Total market value
$10,316,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
38,271 SF
Lot
2.05 ac (89,334 SF)
Zoning code
LI
APN
545330-0250
UPID
US90-1667112
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.
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
2.05 ac
Current owner
From public records · entity-resolved
Sand Holdings Estate LLC
Entity
Mailing address
101 MONTGOMERY ST STE #200, SAN FRANCISCO, CA 94104-4124
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$17,500,000
Sand Holdings Estate LLC
Terreno 60th Avenue LLC
Special Warranty Deed
—
Nov 9, 2020
$11,736,718
Terreno 60th Avenue LLC
Richards Road Station LLC
Grant Deed
—
Jun 11, 2020
—
Richards Road Station LLC
—
Deed
related
$62,300 · Peoples Bank
Jun 29, 2018
$8,500,000
Richards Road Station LLC
William F Snowden
Warranty Deed
$5,700,000 · Peoples Bank
Oct 29, 1999
$3,386,100
William F Snowden
Hw Baker Linen Co
Grant Deed
$2,258,750 · Us Bank NA
—
—
William F Snowden
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
William F Snowden
—
Deed Of Trust
related
$4,750,000 · Bank Of America
—
—
William F Snowden
—
Deed Of Trust
related
$750,000 · Evergreen Community Dev Assn
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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