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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Specialty properties
15238 Lk Hls Blvd, Bellevue, WA 98007-5926
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1626065
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1968
Construction
WOOD
Total area
10,185 SF
Lot
1.37 ac (59,700 SF)
Zoning code
R-1
APN
352505-9062
UPID
US90-1626065
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$650k
Owner & transaction history
Bellevue Boys & Girls Club · 14 yrs held
Bellevue Boys & Girls Club
since 2012
7 recorded transactions
Zoning & alternative use
R-1 · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$960,000
+47.1%
Auto repair, garage
$660,000
+1.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$650,000
Current use
APARTMENT HOUSE (5+ UNITS)
$960,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$540,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$64 / 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
$12
Tax year 2022
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
10,185 SF
Lot
1.37 ac (59,700 SF)
Zoning code
R-1
APN
352505-9062
UPID
US90-1626065
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-1 · Bellevue, WA
Zoning R-1 · permitted uses
R-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$650,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$660,000
MEDICAL BUILDING
Est. value
$645,000
RETAIL STORES
Est. value
$540,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Bellevue Boys & Girls Club
Individual
Mailing address
209 100TH AVE NE, BELLEVUE, WA 98004-5625
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
Boys & Girls Clubs Of Bellevue
—
Deed
related
$308,460 · The Washington State Department Of Comme
Dec 5, 2023
—
Boys & Girls Clubs Of Bellevue
—
Deed
related
$565,510 · Washington State Department Of Commerce
Jul 28, 2023
—
Boys & Girls Club Of Bellevue
—
Deed
related
$950,000 · Key Bank NA
Jan 27, 2022
—
Bellevue Boys & Girls Club
—
Deed
related
—
Mar 10, 2017
—
Bellevue Boys & Girls Club
—
Deed
related
$1,007,788
Jan 27, 2012
—
Bellevue Boys & Girls Club
King County Rural Library District
Bargain And Sale Deed
$1,162,500 · Puget Sound Bank
Sep 20, 2010
—
King Cnty Rural Library Dist
City Of Bellevue
Quit Claim Deed
related
—
—
—
Bellevue Boys
—
Deed Of Trust
related
$376,360 · Department Of Human Svcs
—
—
Bellevue Boys & Girls Club
—
Deed Of Trust
related
$1,007,788
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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