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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Warehouses
13419 20th St Bellevue, WA 98005-2032
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1756038
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,470 SF
Lot
1.12 ac (48,654 SF)
Zoning code
BR-GC
APN
272505-9085
UPID
US90-1756038
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
-
Caliber Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
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
$115 / 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
$45,924
Tax year 2022
Assessed value
$6,492,900
Assessed 2022
Previous assessed
$6,492,900
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$4,865,400
Assessed improvement
$1,627,500
Land market value
$4,865,400
Improvement market value
$1,627,500
Total market value
$6,492,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
25,470 SF
Lot
1.12 ac (48,654 SF)
Zoning code
BR-GC
APN
272505-9085
UPID
US90-1756038
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Ob Northup Properties LLC
Entity
Free & Clear · 8 yrs held
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
10 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
—
Dec 23, 2015
$7,260,000
Ob Bellevue Properties LLC
Scott T Hensrude
Warranty Deed
$4,720,000 · Wells Fargo Bank NA
Mar 3, 2008
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Feb 10, 1999
$2,000,000
Scott T Hensrude
Foreman,richard & Diane
Grant Deed
$2,906,000 · Everett Mutual Savings Bank
Feb 6, 1998
$1,550,000
Richard Foreman
Boguch Family Partnership
Grant Deed
—
Jun 30, 1993
$1,461,000
Boguch Family Partners
Sunshine
Grant Deed
$1,110,400 · Korea Exchange Bank
Feb 1, 1990
$1,875,000
Sunshine Trading Co
Northrup 100 Ass
Grant Deed
—
—
—
Scott T Hensrude
—
Deed Of Trust
related
$3,270,000 · Standard Insurance Co
—
—
Richard M Foreman
—
Deed Of Trust
related
$1,162,500 · Us Bank
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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