New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Assisted living facilities
14641 16th St, Bellevue, WA 98007-5719
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1848924
Property summary
AI-generated overview
This exceptional 35,100 square foot residential land parcel presents a unique development opportunity in the desirable Bellevue, Washington market. Located at 14641 SE 16th St, Bellevue, WA 98007 (APN 883890-0271), this King County property is fully permitted for a 42-bed assisted living facility, as designed by Aegis Living. The site's substantial size offers significant potential for a high-impact development project. Detailed due diligence materials are available upon execution of a confidentiality agreement accessible via the provided link. This is a turnkey opportunity for developers seeking to capitalize on the strong demand for senior living accommodations in this thriving community. The property's location within Bellevue offers convenient access to major transportation routes, amenities, and a vibrant urban environment. Serious inquiries only. Contact for pricing. This is a rare chance to acquire a fully permitted site ready for immediate development, eliminating significant pre-construction hurdles and accelerating the project timeline. The seller is ACS Bellevue 16th Street LLC.
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Construction
CONCRETE
Total area
25,158 SF
Lot
0.81 ac (35,100 SF)
Zoning code
NB
APN
883890-0271
UPID
US90-1848924
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Asc Bellevue 16th Street LLC · 5 yrs held
Asc Bellevue 16th Street LLC
since 2020
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
NB · 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
$1,480,000
ML approach
$1,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.30M (Sep 1 2020)
Last sale anchor
$1.30M
Sep 1 2020
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
$55 / 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
$9,449
Tax year 2022
Assessed value
$1,333,800
Assessed 2022
Previous assessed
$1,333,800
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,333,800
Land market value
$1,333,800
Total market value
$1,333,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Construction
CONCRETE
Heating
CENTRAL
Stories
2
Units
21
Total area
25,158 SF
Lot
0.81 ac (35,100 SF)
Zoning code
NB
APN
883890-0271
UPID
US90-1848924
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Bellevue, WA
Zoning NB · permitted uses
NB · 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.
Building & site characteristics
From public records
Construction
CONCRETE
Heating
CENTRAL
Stories
2
Units
21
Lot
0.81 ac
Current owner
From public records · entity-resolved
Asc Bellevue 16th Street LLC
Entity
Mailing address
415 118TH AVE SE, BELLEVUE, WA 98005-3518
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
Asc Lake Hills LLC
—
Deed
related
$15,000,000 · Washington Trust Bank
Sep 1, 2020
$1,300,000
Asc Bellevue 16th Street LLC
Barpaul LLC
Warranty Deed
$845,000 · Washington Trust Bank
Feb 3, 2011
—
Barpaul LLC
Pendras B A Living Trust
Warranty Deed
—
Apr 17, 2002
—
Pendras Trust
Pendras,barbara A
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14641 16th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
