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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
15710 24th St Bellevue, WA 98008-2444
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-1079125
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
WOOD
Total area
3,254 SF
Lot
0.62 ac (27,000 SF)
Zoning code
O
APN
067310-0084
UPID
US90-1079125
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
-
Eric Der-Ovanessian Dental Office
-
Stepping Stone Pediatrics Medical Clinic
-
Brianna Rice Foster Care Service Social Service Agency
-
Dr. Tooth - Family and Implant Dentistry Dental Office
-
Vaughn Wu Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$520k
Owner & transaction history
Petrisor Bel-red Property LLC · 13 yrs held
Petrisor Bel-red Property LLC
since 2012
6 recorded transactions
Zoning & alternative use
O · 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
Method
Estimation
Statistic approach
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$160 / 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
$15,884
Tax year 2022
Assessed value
$2,244,000
Assessed 2022
Previous assessed
$2,244,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$2,160,000
Assessed improvement
$84,000
Land market value
$2,160,000
Improvement market value
$84,000
Total market value
$2,244,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,254 SF
Lot
0.62 ac (27,000 SF)
Zoning code
O
APN
067310-0084
UPID
US90-1079125
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O · Bellevue, WA
Zoning O · permitted uses
O · 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
1975
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Petrisor Bel-red Property LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 3864, BELLEVUE, WA 98009-3864
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2018
—
Petrisor Bel-red Property LLC
—
Deed
related
$500,000 · Mountain Pacific Bk
Jun 14, 2013
—
Petrisor Bel-red Property LLC
—
Deed Of Trust
related
$1,500,000 · Whidbey Island Bank
Jul 23, 2012
—
Petrisor Bel-red Property LLC
Petrisor,cornell & Rodica
Quit Claim Deed
—
Apr 25, 2000
$1,100,000
Cornell Petrisor
O & L INC
Grant Deed
$850,000 · Seller
Apr 26, 1991
—
O&l INC
Fry,llayll A&ok
Grant Deed
related
—
—
—
Petrisor Bel-red Property LLC
—
Deed Of Trust
related
$500,000 · Mountain Pacific Bk
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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