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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Day care centers
1535 116th NE Ave Bellevue, WA 98004-3805
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1551540
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1966
Construction
CONCRETE
Total area
13,454 SF
Lot
0.53 ac (23,125 SF)
Zoning code
BR-MO
APN
292505-9322
UPID
US90-1551540
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
Current use
Occupant on record · Public records
-
Mark E. Holzemer, RPH Pharmacy
-
Dr. R M. Conner, MD Physician
-
Dr. John A. Johnson, DDS Dental Office
-
Keely Brown, MD Physician
-
Eastside Children's Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Tan Wa Investment LLC · 9 yrs held
Tan Wa Investment LLC
since 2017
7 recorded transactions
Zoning & alternative use
BR-MO · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$68 / 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
$82,938
Tax year 2022
Assessed value
$5,717,900
Assessed 2022
Previous assessed
$5,717,900
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$3,006,200
Assessed improvement
$2,711,700
Land market value
$3,006,200
Improvement market value
$2,711,700
Total market value
$5,717,900
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
13,454 SF
Lot
0.53 ac (23,125 SF)
Zoning code
BR-MO
APN
292505-9322
UPID
US90-1551540
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-MO · Bellevue, WA
Zoning BR-MO · permitted uses
BR-MO · 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
Year built
1966
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Tan Wa Investment LLC
Entity
Mailing address
1535 116TH AVE NE, BELLEVUE, WA 98004-3805
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
Tan Wa Investment LLC
—
Deed
related
$2,000,000 · Miscellaneous Ins Co
May 7, 2018
—
Tan Wa Investment LLC
—
Deed
related
$1,000,000 · Keybank USA
Apr 28, 2017
$4,800,000
Tan Wa Investment LLC
Tlp35 LLC
Warranty Deed
—
Apr 18, 2012
—
Tlp35 LLC
Hyun,min H
Quit Claim Deed
related
—
Mar 21, 2012
$926,500
Min H Hyun
State Of Washington
Quit Claim Deed
related
—
Dec 31, 2008
$2,650,000
State Of Wa Dept/transportation
Bellegrove Associates LLC
Warranty Deed
—
Dec 31, 2008
$1,262,965
State Of Wa Dept/transportation
Bellegrove Associates LLC
Warranty Deed
—
Aug 20, 2003
—
Bellegrove Associates LLC
Israel,lawrence M
Quit Claim Deed
related
—
Feb 28, 1992
$105,000
John A Johnson
Israel
Grant Deed
$210,000 · Individual
—
—
Tan Wa Investment LLC
—
Deed Of Trust
related
$2,000,000 · Miscellaneous Ins Co
—
—
Tan Wa Investment LLC
—
Deed Of Trust
related
$1,000,000 · Keybank USA
—
—
Bellegrove Associates LLC
—
Deed Of Trust
related
$60,000 · Lawrence M Israel
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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