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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Retail space
15625 8th St Bellevue, WA 98008-3901
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-0161278
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,860 SF
Lot
1.12 ac (48,744 SF)
Zoning code
CB
APN
352505-9063
UPID
US90-0161278
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
-
Grocery Outlet Grocery & Convenience Store Food Market
-
Anna's Custom Cleaning Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Bayview Farms LLC · 10 yrs held
Bayview Farms LLC
since 2015
7 recorded transactions
Zoning & alternative use
CB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 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
$153 / 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
$30,626
Tax year 2022
Assessed value
$4,329,200
Assessed 2022
Previous assessed
$4,329,200
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$2,924,600
Assessed improvement
$1,404,600
Land market value
$2,924,600
Improvement market value
$1,404,600
Total market value
$4,329,200
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
14,860 SF
Lot
1.12 ac (48,744 SF)
Zoning code
CB
APN
352505-9063
UPID
US90-0161278
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bellevue, WAZoning CB · permitted uses
CB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Community Business Districts serve community markets and provide areas for the location of services and retail outlets, other than Downtown.
Zone name
Community Business
General category
COMMERCIAL
Zone area
251.46 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Bayview Farms LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 5009, BELLEVUE, WA 98009-5009
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2015
—
Bayview Farms LLC
Diller Earl B Trust
Quit Claim Deed
related
—
Dec 17, 2002
$3,100,000
Diller Associates INC
Clibborn,bruce B & Judith R
Grant Deed
—
Jun 27, 2000
$2,052,750
Bruce B Clibborn
Park Lane Associates
Grant Deed
—
Feb 6, 1996
$1,715,000
Daniel L Kout
Pace-salli Fund I
Grant Deed
—
—
—
Diller,earl B Trust
—
Deed Of Trust
related
$2,800,000 · Standard Insurance Co
—
—
Bruce B Clibborn
—
Deed Of Trust
related
$1,200,000 · Key Bank NA
—
—
Diller,tr
—
Deed Of Trust
related
$2,200,000 · Homestreet Bank
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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