Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15350 37th St Bellevue, WA 98006-1732

    • Retail space
    • 5,195 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0987698
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Amazon Hub Locker - Caber / Mailing Service / E-Commerce Service
    • Amazon Flex Bellevue ZSE2 / Corporate Office / Warehouse
    • Ruixia Yu / Massage Therapist
    • Mingzhu Cao / Massage Therapist
    • Pickup and returns at Bellevue / Shipping And Mailing Service / Package Locker

    Property Details for 15350 37th St

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property size
    5,195 SF
    Zone code
    NMU
    Property type
    Retail space
    APN
    220150-1406
    APU
    2201501406

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.136
    Latitude
    47.578
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,337
    $1,137,300
    $463,600
    $1,600,900
    -
    $1,137,300
    $463,600
    $1,600,900

    Comparable in this City

    • Value Estimation
      $1,620,000
      5,814 SF

      3920 Factoria SE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,814 SF
      3920 Factoria SE Blvd, Bellevue, WA 98006-6122
      View Details
    • Value Estimation by Request
      2,400 SF

      5919 119th SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      5919 119th SE Ave, Bellevue, WA 98006-3718
      View Details
    • Value Estimation
      $8,120,000
      14,300 SF

      4055 Factoria SE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,300 SF
      4055 Factoria SE Blvd, Bellevue, WA 98006-6144
      View Details
    • Value Estimation
      $870,000
      6,128 SF

      11905 56th St

      RETAIL STORES (PERSONAL SERVICES) • 6,128 SF
      11905 56th St, Bellevue, WA 98006-2817
      View Details
    • Value Estimation
      $820,000
      5,616 SF

      15303 37th St

      RETAIL STORES (PERSONAL SERVICES) • 5,616 SF
      15303 37th St, Bellevue, WA 98006-1701
      View Details
    • Value Estimation
      $6,490,000
      25,078 SF

      4989 Lakemont SE Blvd

      GROCERY, SUPERMARKET • 25,078 SF
      4989 Lakemont SE Blvd, Bellevue, WA 98006-7803
      View Details

    Similar Nearby for Sale

    • $2,740,000

      Multi-Tenant Commercial Asset For Sale

      Fully leased commercial property in Bellevue's Factoria neighborhood.
      4317 Factoria Blvd SE, Bellevue, WA 98006
      View Details
    • $30,000,000
      9,711 SF

      Bellevue Office Building For Sale

      86,524 SF office building in Bellevue, Washington for sale.
      3600 136Th Pl SE, Bellevue, WA 98006
      View Details
    • $500,000

      Lakemont Bellevue Land Investment Opportunity

      1.36 acre lot in desirable Lakemont community.
      70 Lakemont Blvd, Bellevue, WA 98006
      View Details
    • $495,000
      1,060 SF

      Bellevue Condo with Private Deck

      Inviting 2-bed condo in Factoria, convenient location.
      3990 129Th Pl SE, Bellevue, WA 98006
      View Details
    • $49,000

      Residential Land in Bellevue

      Land parcel in established Bellevue neighborhood with utilities.
      4684 152Nd Pl, Bellevue, WA 98006
      View Details
    • $880,000

      Bellevue Lot Near I-90

      Residential lot available in Bellevue, close to Seattle and Bellevue.
      16160 SE 45Th St, Bellevue, WA 98006
      View Details

    Similar Nearby for Lease

    • $55 SF/Yr
      1,276 SF

      Retail Space in Bellevue, WA

      Retail space available for lease in Bellevue, Washington.
      12816 Southeast 38Th St, Bellevue, WA 98006
      View Details
    • $40 SF/Yr
      3,214 SF

      Retail Space with Excellent Frontage

      Configurable retail space with high visibility and ample parking.
      12402 SE 38Th St, Bellevue, WA 98006
      View Details
    • $32 SF/Yr
      1,748 SF

      Retail Space Near Anchor Tenants

      Retail space available near major anchor tenants.
      4055 SE Factoria Blvd SE, Bellevue, WA 98006
      View Details
    • Contact for pricing
      512,104 SF

      Factoria Marketplace Retail Spaces

      Bellevue retail space, multiple units available.
      0 Factoria Blvd, Bellevue, WA 98006
      View Details
    • $25 SF/Yr
      12,705 SF

      Bellevue Office Space For Rent

      Office space with immediate access to I-405 and I-90.
      3633 136Th Pl SE, Bellevue, WA 98006
      View Details
    • $15,000 /Mo
      5,608 SF

      Lake Washington Waterfront Home

      Ralph Anderson designed NW contemporary home with 115 ft waterfront.
      88 Cascade Ky, Bellevue, WA 98006
      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      3.6k
    • Avg Time on site
      13 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15350 37th St
    Bellevue, WA 98006-1732
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.