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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Retail space
15350 37th St Bellevue, WA 98006-1732
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-0987698
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,195 SF
Lot
0.51 ac (22,300 SF)
Zoning code
NMU
APN
220150-1406
UPID
US90-0987698
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
-
Amazon Hub Locker - Caber Postal Service Courier Service
-
Amazon Flex Bellevue ZSE2 Corporate Office
-
Ruixia Yu Alternative Medicine Practice Spa & Massage Center
-
Mingzhu Cao Alternative Medicine Practice Spa & Massage Center
-
Pickup and returns at Bellevue Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Terra Firma Equity LLC · 11 yrs held
Terra Firma Equity LLC
since 2015
5 recorded transactions
Zoning & alternative use
NMU · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the NMU District is to provide an area with a mix of retail, service, office and residential uses with an emphasis on neighborhood retail and service uses. This district is designed to be compatible with nearby neighborhoods and is easily accessible from the nearby office and residential uses
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
51.36 ac
Source
Realmo
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
$163 / 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
$11,337
Tax year 2022
Assessed value
$1,600,900
Assessed 2022
Previous assessed
$1,600,900
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,137,300
Assessed improvement
$463,600
Land market value
$1,137,300
Improvement market value
$463,600
Total market value
$1,600,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
5,195 SF
Lot
0.51 ac (22,300 SF)
Zoning code
NMU
APN
220150-1406
UPID
US90-0987698
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NMU · Bellevue, WAZoning NMU · permitted uses
NMU · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the NMU District is to provide an area with a mix of retail, service, office and residential uses with an emphasis on neighborhood retail and service uses. This district is designed to be compatible with nearby neighborhoods and is easily accessible from the nearby office and residential uses
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
51.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Terra Firma Equity LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2005 MILDRED ST W, FIRCREST, WA 98466-6133
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2015
—
Terra Firma Equity LLC
Ackley,maria
Quit Claim Deed
related
—
Sep 19, 2013
—
Maria Ackley
Ackley,maria
Quit Claim Deed
related
—
Oct 22, 2012
—
Maria Ackley
Ackley,maria
Quit Claim Deed
related
—
Dec 7, 2001
$1,976,000
Maria Ackley
37th Street Associates LLC
Grant Deed
—
—
—
Virgil Fox
—
Deed Of Trust
related
$100,000 · Enterprise Bank Of Bellevue
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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