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    14450 NE 29Th Pl Bellevue, WA 98007

    • Office Units
    For Lease
    View listing
    $35 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1326550
    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.

    Current Use by Public Records

    • Robert Bowers / Physician
    • Pacific Building Group / Construction Company
    • Robert Bowers, MD / Physician
    • Teal Group Technologies / (Bike/Boat/Book/etc) Store / Corporate Office
    • Openworks: Commercial Cleaning Service - Seattle WA / Commercial Cleaning Service / Janitorial Service

    Property Details for 14450 NE 29Th Pl

    Year built
    1989
    Property type
    Office Units

    Description

    The Clover Building provides great visibility from WA-520 and easy access from 148th Street. Bellevue - WA-520 @ 148th Street Easy access to all major highways; fantastic visibility from WA-520 Located across WA-520 from the Overlake retail trade area Fitness facility with showers and locker rooms on basement level (open 24/7) Basement storage available Abundant surface and garage parking

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.1478546
    Latitude
    47.6327401

    Comparable in this City

    • Contact for pricing

      Bellevue Office Space Available

      Office space for rent in Bellevue, Washington.
      2700 156Th Ave Northeast, Bellevue, WA 98007
      View Details
    • $30 SF/Yr
      8,865 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      2010 156Th Ave Northeast, Bellevue, WA 98007
      View Details
    • Contact for pricing
      3,100 SF

      Bellevue Office Space Available

      Market-ready office suite with windowed offices and kitchen.
      3245 146Th Pl SE, Bellevue, WA 98007
      View Details
    • Contact for pricing
      1,770 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      2800 156Th Ave SE, Bellevue, WA 98007
      View Details
    • $600 /Mo
      145 SF

      Small Office Space For Lease

      Small office space available for lease, suitable for various uses.
      35 148Th Ave SE, Bellevue, WA 98007
      View Details
    • $6,643 /Mo
      2,491 SF

      Bellevue Suburban Office Space Available

      Office space for lease in a well-maintained Bellevue building.
      1402 140Th Pl NE, Bellevue, WA 98007
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Bellevue Office Space Available Now

      Office suites available in Bellevue with flexible lease terms.
      1402 140Th Pl NE, Bellevue, WA 98007
      View Details
    • Contact for pricing

      Bellevue Office Space Available Now

      Suburban Bellevue office space with excellent access and amenities.
      1402 140Th Pl NE, Bellevue, WA 98007
      View Details
    • $599,000
      1,023 SF

      Bellevue Office Condo For Sale

      Professional office condo in a prime Bellevue location.
      1550 140Th Ave NE, Bellevue, WA 98007
      View Details
    • $15,000,000

      Bellevue Land with Development Potential

      3.18 acres of land with city, lake, and sunset views.
      2457 Kamber Rd, Bellevue, WA 98007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Bellevue Office Space Available

      Office space for rent in Bellevue, Washington.
      2700 156Th Ave Northeast, Bellevue, WA 98007
      View Details
    • $30 SF/Yr
      8,865 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      2010 156Th Ave Northeast, Bellevue, WA 98007
      View Details
    • Contact for pricing
      3,100 SF

      Bellevue Office Space Available

      Market-ready office suite with windowed offices and kitchen.
      3245 146Th Pl SE, Bellevue, WA 98007
      View Details
    • Contact for pricing
      1,770 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      2800 156Th Ave SE, Bellevue, WA 98007
      View Details
    • $600 /Mo
      145 SF

      Small Office Space For Lease

      Small office space available for lease, suitable for various uses.
      35 148Th Ave SE, Bellevue, WA 98007
      View Details
    • $6,643 /Mo
      2,491 SF

      Bellevue Suburban Office Space Available

      Office space for lease in a well-maintained Bellevue building.
      1402 140Th Pl NE, Bellevue, WA 98007
      View Details
    Request Owner's contact information
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    14450 NE 29Th Pl
    Bellevue, WA 98007
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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.

    More about this property
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