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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Office buildings
1416 112th NE Ave, Bellevue, WA 98004-3710
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1075435
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
8,788 SF
Lot
0.63 ac (27,636 SF)
Zoning code
O
APN
126620-0175
UPID
US90-1075435
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
-
Cunningham Engineering Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.08M
CAP Approach
CAP
$3.15M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$4.98M
Owner & transaction history
3s Investment LLC · 1 yrs held
3s Investment LLC
since 2025
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
O · 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
Method
Estimation
Statistic approach
$5,035,000
ML approach
$5,080,000
CAP Approach
CAP Return
Estimation
6%
$3,410,000
6.5%
$3,145,000
7%
$2,920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,820,000
Current use
RESTAURANT
$4,660,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,480,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,035,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±10% · vs last sale $4.90M (May 8 2025)
Last sale anchor
$4.90M
May 8 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$567 / 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
$23,472
Tax year 2022
Assessed value
$3,317,300
Assessed 2022
Previous assessed
$3,317,300
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$3,316,300
Assessed improvement
$1,000
Land market value
$3,316,300
Improvement market value
$1,000
Total market value
$3,317,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
8,788 SF
Lot
0.63 ac (27,636 SF)
Zoning code
O
APN
126620-0175
UPID
US90-1075435
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O · Bellevue, WA
Zoning O · permitted uses
O · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.8M
RESTAURANT
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
3s Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1416 112TH AVE NE, BELLEVUE, WA 98004-3710
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
$4,900,000
3s Investment LLC
Mi Hq LLC
Warranty Deed
—
Dec 26, 2017
—
Mi Hq LLC
Huide Hq LLC
Warranty Deed
—
Dec 21, 2016
$2,380,000
Huide Hq LLC
Oki Hq II LLC
Warranty Deed
$1,380,000 · Oki Hq II LLC
May 1, 2000
$2,400,000
Oki Hq II LLC
Sweeney Conrad Real Estate Par
Grant Deed
—
Dec 27, 1993
$971,117
Centra Capital Corp
Pacific Park II
Trustees Deed
related
—
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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