Property profile

14641 16th St Bellevue, WA 98007

OFF-MARKET
Assisted living facilities
Property ID
US90-1848924
25,158 SF 0.81 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Location

14641 16th St Bellevue, WA 98007-5719
Bellevue metro Census 23401 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.48M

Owner & transaction history

since 2020
Last sale
$1.3M
4 recorded transactions
2022
Price N/A
2020
$1.3M
2011
Price N/A
2002
Price N/A

Zoning & alternative use

NB · Bellevue, WA
Zoning description

Neighborhood Business Districts are small scale, mixed-use commercial areas that provide housing opportunities and retail and service businesses for the surrounding residential community. These sites may also accommodate…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message