Entity Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
WOOD
Total area
8,333 SF
Lot
0.6 ac (26,120 SF)
Zoning code
R-20
APN
222505-9098
UPID
US90-0896619
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice Spa & Massage Center
-
Training Center Vocational School
-
Training Center Vocational School
-
Law Firm Child Welfare Organization
-
Weight Loss Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.84M
CAP Approach
CAP
$2.99M
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$2.85M
Owner & transaction history
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
R-20 · Bellevue, WA
Top alternative use upside
Restaurant
$4.4M
+20.8%
Commercial (general)
$4.3M
+16.0%
Auto repair, garage
$3.8M
+4.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.85M
Value range
$2.57M – $3.14M
±10% around blend
Estimated value / SF
$342 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
80
$2.57M
blend $2.85M
$3.14M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,333 SF
Lot area
0.6 ac
Year built
1979
Stories
1
APN
222505-9098
Zoning
R-20
Assessed value
$1,609,100
Annual tax
$11,395
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.99M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.23M
@ 6.5% CAP return
$2.99M
@ 7% CAP return
$2.77M
4
Sales comparison
Partial preview
Sales approach indication
$4.49M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.1 mi away · 6,721 SF
9.2 mi away · 9,915 SF
9.4 mi away · 9,048 SF
11.2 mi away · 8,580 SF
14.2 mi away · 9,916 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.85M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 142 sales
$439
-22%
County 676 sales
$377
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $342/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+21%
vs current-use indication
Commercial (general)
Auto Repair, Garage
Office Building · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.80%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.80%
9.0%
NOI (est.)
$215k *
Last sale · Jul 2023
$3.07M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.16M
Move the market yield to see immediate price impact.
Value / SF
$379
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.30%6.80%7.30%
$193k
$3.07M
$2.84M
$2.65M
$215k
$3.41M
$3.16M
$2.94M
$236k
$3.75M
$3.47M
$3.24M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$4.87M
2.3 mi · Dec 2025 · $607/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,395
Tax year 2022
Assessed value
$1,609,100
Assessed 2022
Previous assessed
$1,609,100
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,175,400
Assessed improvement
$433,700
Land market value
$1,175,400
Improvement market value
$433,700
Total market value
$1,609,100
Applied tax rate
330.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
8,333 SF
Lot
0.6 ac (26,120 SF)
Zoning code
R-20
APN
222505-9098
UPID
US90-0896619
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-20 · Bellevue, WAZoning R-20 · permitted uses
R-20 · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-20
Jurisdiction
Bellevue, WA
Recorded code
R-20
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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