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    14405 SE 36Th St Bellevue, WA 98006
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    Property profile & analytics

    14405 SE 36Th St, Bellevue, WA 98006

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    • Office buildings
    • 43,707 SF
    • 1.16 lot acres
    For Lease
    $27 SF/Yr
    View Listing →
    Bellevue Office Space Sublease Opportunity For Lease
    $27 SF/Yr

    Bellevue Office Space Sublease Opportunity

    Sublease available near I-90, with parking and fiber optics.

    14405 SE 36th St, Bellevue, WA 98006
    View Listing
    Property ID
    US90-0085830
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Deborah Still | Fairway Independent Mortgage Corporation Loan Officer / Loan Service / Bank
    • Terracon Consultants, Inc. / Engineering Consultant
    • Tami C. Bill NMLS#4038 Mortgage Consultant | Penrith Home Loans / Loan Service / Bank
    • Windermere Real Estate: LaVerne Pike / Real Estate Agency
    • Debbie Lin / Real Estate Agency

    Property Details for 14405 SE 36Th St

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    1.16 lot acres
    Zone code
    OLB2
    Property type
    Office buildings
    APN
    102405-9108
    APU
    1024059108

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 30, 2021 — Park Plaza Real Estate Venture LLC — Deed · related $4.3M · Kitsap Bank
    Aug 14, 2015 $9,500,000 Park Plaza Real Estate Venture LLC Msi L-90 Jv LLC Warranty Deed $4.8M · Mufg Union Bank NA
    Aug 11, 2006 $6,875,000 Msi I-90 Park Place LLC Tomlinson INC Warranty Deed —
    Feb 4, 1999 $4,510,000 Tomlinson INC Robinson,thomas V & Susan E Grant Deed $2.6M · First Colony Life Insurance
    — — Msi I-90 Park Place LLC — Deed Of Trust · related $3.5M · Genworth Life Insurance Co

    Description

    This Class A office building, I-90 Park Plaza, offers 3,590 square feet of immediately available space in a prime Bellevue location. Situated at 14405 SE 36th St, Bellevue, WA 98006, this traditional/executive office space is part of a larger 43,707 square foot building, renovated in 2018. The property boasts a convenient location just off I-90, providing exceptional freeway access and proximity to the Eastgate Park & Ride. Enjoy the benefits of a nearby concentration of amenities in the Eastgate and Factoria areas. The building features one elevator and ample parking with a generous ratio of 3.6 spaces per 1,000 square feet, including covered options. High-speed internet access is ensured with fiber optic service provided by Comcast and CenturyLink. The property is zoned OLB2 within King County's CBA I-90 Corridor submarket. This multi-tenant building presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving area of Bellevue. The available space totals 3,590 square feet, ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.147
    Latitude
    47.5783
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $81,343
    $2,885,700
    $8,617,000
    $11,502,700
    -
    $2,885,700
    $8,617,000
    $11,502,700

    Comparable in this City

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      202,454 SF

      3605 132nd SE Ave

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      3605 132nd SE Ave, Bellevue, WA 98006-1325
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    • Value Estimation
      $4,085,000
      555,862 SF

      12920 38th St

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    • Value Estimation
      $11,575,000
      57,000 SF

      12600 38th St

      OFFICE BUILDING
      12600 38th St, Bellevue, WA 98006-6105
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    • Value Estimation
      $1,980,000
      167,422 SF

      3535 Factoria SE Blvd

      OFFICE BUILDING
      3535 Factoria SE Blvd, Bellevue, WA 98006-1290
      View Details
    • Value Estimation
      $2,460,000
      10,938 SF

      4140 Factoria SE Blvd

      OFFICE BUILDING
      4140 Factoria SE Blvd, Bellevue, WA 98006-5261
      View Details
    • Value Estimation
      $13,250,000
      71,036 SF

      14205 36th St

      OFFICE BUILDING
      14205 36th St, Bellevue, WA 98006-1596
      View Details

    Similar Nearby for Sale

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      41,577 SF

      Stabilized Bellevue Office Building Investment

      Fully occupied office building in Bellevue's I-90 corridor.
      14205 SE 36Th St, Bellevue, WA 98006
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      Bellevue Office Building For Sale

      86,524 SF office building in Bellevue, Washington for sale.
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      Multi-Tenant Commercial Asset For Sale

      Fully leased commercial property in Bellevue's Factoria neighborhood.
      4317 Factoria Blvd SE, Bellevue, WA 98006
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      Residential Land in Bellevue

      Land parcel in established Bellevue neighborhood with utilities.
      4684 152Nd Pl, Bellevue, WA 98006
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    Similar Nearby for Lease

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      12,705 SF

      Bellevue Office Space with Access

      Office space with immediate access to I-405 and I-90.
      3633 136Th Pl SE, Bellevue, WA 98006
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      7,243 SF

      Class A Office Space Available

      88,953 SF Class A office building in Bellevue, WA.
      13555 36Th St, Bellevue, WA 98006
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    • $12,548 /Mo
      5,577 SF

      Bellevue Office Space Sublease

      Office space for sublease in Bellevue, Washington.
      14405 36Th St, Bellevue, WA 98006
      View Details
    • Contact for pricing
      5,747 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      3535 Factoria Blvd Southeast, Bellevue, WA 98006
      View Details
    • $3,217 /Mo
      919 SF

      Office Space with Easy Access

      Office space with building signage, parking, and public transportation.
      14100 36Th St, Bellevue, WA 98006
      View Details
    • Contact for pricing
      6,440 SF

      Bellevue Office Space Available

      6,440 SF office space for lease in Bellevue, WA.
      4122 Factoria Blvd SE, Bellevue, WA 98006
      View Details
    View Listing
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    Bellevue, WA 98006
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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