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Financial
Distress signals
Property profile

1408 140Th Pl NE Bellevue, WA 98007

FOR LEASE
Office buildings
Property ID
US90-1502744
13,974 SF 0.56 ac lot Built 1979
Last sale Oct 2013 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial office space comprising 1,595 square feet and configured for use as office units or office spaces. It is suitable for commercial real estate purposes.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value$2.24M
Assessed land$1.58M
Assessed improvement$656k
Effective rate0.71%

Value estimate

· Oct 2026
$2.54M
$2.29M – $2.79M
NOI build-up
Gross scheduled income$9k
Vacancy & credit loss−$2k
Operating expenses−$2k
NOI · 718.53% cap applied$5k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$439/SF
Submarket average, outlier-cleaned · 142 recorded sales of this use type
Observed band · Q1–Q3$337 – $598
Qualifying comparables3

Cap rate analysis

How does the asset earn?
718.53%
$5k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PO
Professional Office Districts provide areas for low-intensity office uses. Structures shall have exterior designs which are compatible wi...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Tattoo & Piercing Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tattoo & Piercing Shop8.2
Breakfast7.8
Barber Shop7.7

Location

1408 140Th Pl NE Bellevue, WA 98007
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14645 Bel Red, Bellevue, WA 98007-3929 $9,250,000 Mar 2025 12,383 SF
14278 21st, Bellevue, WA 98007-3720 $8,850,000 Jan 2025 12,860 SF
4685 148th NE, Bellevue, WA 98007-3093 $11,924,000 Dec 2023 19,551 SF
14777 40th, Bellevue, WA 98007-3300 $3,068,000 Jul 2023 8,333 SF
14400 Bel Red, Bellevue, WA 98007-3939 $9,500,000 Sep 2021 17,386 SF
3290 146th SE, Bellevue, WA 98007-6467 $114,487,638 Dec 2019 23,608 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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