Entity Owned Property summary
The property is a two-story, wood-frame office building with 9,202 square feet of space, situated in Bellevue’s Medical Corridor on a 0.63-acre lot. It has visibility and signage frontage on 112th Avenue NE and includes private offices, open workspaces, and basement storage. Two second-floor parking decks provide surface parking, laid out to support a parking ratio of approximately 4 spaces per 1,000 square feet. The building has been upgraded with LED lighting and is maintained with routine services such as roof and gutter cleaning and exterior pressure washing. It is positioned near State Route 520, Interstate 405, and the Wilburton light rail station, with access to Downtown Bellevue, and it is located close to Overlake Medical Center and retail areas including the Design Market and Spring District. The area includes corporate and institutional neighbors such as Kaiser Permanente, Google South, and Bellevue City Hall.
Property profile
VerifiedCap rate & NOI
Current use
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Engineering Consultant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Office Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets. In the proximity of other major business and commercial districts, this district…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
O · Bellevue, WAOffice Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets. In the proximity of other major business and commercial districts, this district…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Office Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets. In the proximity of other major business and commercial districts, this district…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for O in Bellevue, WA.
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