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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Retail space
14405 20th St Bellevue, WA 98007-3760
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US90-1445453
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,200 SF
Lot
0.92 ac (39,946 SF)
Zoning code
BR-CR
APN
272505-9047
UPID
US90-1445453
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
-
Alexie E. Montaland, DC Alternative Medicine Practice
-
Definitive Seattle Experience Center Electronics & Wireless Store
-
Deanna Rands, LMP Alternative Medicine Practice Spa & Massage Center
-
Montaland McGrath Chiropractic Center Alternative Medicine Practice
-
Dr. Thomas Mcgrath 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
$2.05M
Owner & transaction history
F-mac Highland Park I & IV LLC · 24 yrs held
F-mac Highland Park I & IV LLC
since 2002
7 recorded transactions
Zoning & alternative use
BR-CR · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the BelRed-CR Land Use District is to provide an area for a mix of housing, retail, office and services. Multiple uses are encouraged on individual sites, in individual buildings, and in the district as a whole
Zone name
Bel Red Commercial Residential
General category
COMMERCIAL
Zone area
181.18 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
$183 / 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
$31,091
Tax year 2022
Assessed value
$4,395,000
Assessed 2022
Previous assessed
$4,395,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$4,394,000
Assessed improvement
$1,000
Land market value
$4,394,000
Improvement market value
$1,000
Total market value
$4,395,000
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
11,200 SF
Lot
0.92 ac (39,946 SF)
Zoning code
BR-CR
APN
272505-9047
UPID
US90-1445453
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-CR · Bellevue, WAZoning BR-CR · permitted uses
BR-CR · 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-CR Land Use District is to provide an area for a mix of housing, retail, office and services. Multiple uses are encouraged on individual sites, in individual buildings, and in the district as a whole
Zone name
Bel Red Commercial Residential
General category
COMMERCIAL
Zone area
181.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
F-mac Highland Park I & IV LLC
Entity
Mailing address
14410 NE BEL RED RD STE #200, BELLEVUE, WA 98007-3953
Ownership since
2002
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
Dec 11, 2019
—
F Mac Highland Park I And IV LLC
—
Deed
related
$5,400,000 · Alaska USA FCU
Jan 24, 2019
—
F-mac Highland Park I & IV LLC
—
Deed
related
—
Dec 7, 2018
—
F-mac Highland Park & IV LLC
—
Deed
related
—
Jan 30, 2002
—
F-mac Highland Park I & IV LLC
—
Deed Of Trust
related
$5,550,000 · Principal Life Insurance Co
Jan 25, 2002
—
F-mac Highland Park I & IV LLC
F-mac Joint Venture
Quit Claim Deed
related
—
—
—
F-mac Highland Park & IV LLC
—
Loan Modification
related
—
—
—
F-mac Highland Park I & IV LLC
—
Loan Modification
related
—
—
—
F-mac Highland Park I & IV LLC
—
Deed Of Trust
related
$6,400,000 · Life Insurance Of Southwest
—
—
F-mac Joint Venture
—
Deed Of Trust
related
$750,000 · Bank Of America
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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