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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Retail space
13219 20th St Bellevue, WA 98005-2020
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1832955
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,128 SF
Lot
0.9 ac (39,404 SF)
Zoning code
BR-GC
APN
272505-9079
UPID
US90-1832955
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
-
Chess4Life Tutoring Service
-
Jade Oasis Wellness Alternative Medicine Practice Spa & Massage Center
-
Hope International Foundation Esperanza International Foundation Charitable Organization Social Service Agency
-
Active Sports and Spine Alternative Medicine Practice
-
Dr. Jason Kim Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
Ob Northup Properties LLC · 8 yrs held
Ob Northup Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
BR-GC · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the BelRed-GC Land Use District is to provide an area for a wide variety of business activities that provide goods and services to other businesses and the general public.
Zone name
Bel Red General Commercial
General category
COMMERCIAL
Zone area
163.45 ac
Source
Realmo
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
$155 / 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
$32,335
Tax year 2024
Assessed value
$3,941,400
Assessed 2023
Previous assessed
$3,941,400
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$3,940,400
Assessed improvement
$1,000
Land market value
$3,940,400
Improvement market value
$1,000
Total market value
$3,941,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
15,128 SF
Lot
0.9 ac (39,404 SF)
Zoning code
BR-GC
APN
272505-9079
UPID
US90-1832955
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-GC · Bellevue, WAZoning BR-GC · permitted uses
BR-GC · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the BelRed-GC Land Use District is to provide an area for a wide variety of business activities that provide goods and services to other businesses and the general public.
Zone name
Bel Red General Commercial
General category
COMMERCIAL
Zone area
163.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Ob Northup Properties LLC
Entity
Mailing address
PO BOX 726, BELLEVUE, WA 98009-0726
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2018
—
Ob Northup Properties LLC
—
Grant Deed
related
$18,000,000 · Morgan Stanley Pvt Bk NA
Mar 23, 2018
—
Ob Northup Properties LLC
Ob Bellevue Properties LLC
Quit Claim Deed
related
—
Sep 29, 2010
—
Ob Bellevue Properties LLC
—
Deed Of Trust
related
$26,330,000 · Wells Fargo Bank
Jun 15, 2000
—
Michael P O'brien
Obrien,billie J
Quit Claim Deed
related
—
Jan 20, 2000
$5,122,000
O B Bellevue Properties LLC
Lau,janice J
Grant Deed
—
May 30, 1990
—
Kurisu,& Fergus
T.g. Exchange, I
Grant Deed
related
—
—
—
O B Bellevue Properties LLC
—
Deed Of Trust
related
$4,100,000 · Us Bank NA
—
—
Ob Bellevue Properties LLC
—
Deed Of Trust
related
$5,411,667 · Wells Fargo Bank
—
—
Ob Bellevue Properties LLC
—
Deed Of Trust
related
$14,500 · Us Bank NA
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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