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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Hotels
15730 Bel Red Rd Bellevue, WA 98008-2230
Individually Owned
Free & Clear
Property ID
US90-1959268
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Lot
1.55 ac (67,500 SF)
Zoning code
EH-D
APN
067310-0098
UPID
US90-1959268
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$305k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Esa C2 P Portfolio Operating Lessee
Esa C2 P Portfolio Operating Lessee
since 2025
4 recorded transactions
Zoning & alternative use
EH-D · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this performance area is to provide a location for office uses. It serves as a transition between the concentration of research and development and office uses to the north and the surrounding land use districts
Zone name
Evergreen Highlands Performance Area D
General category
UNKNOWN
Zone area
7.04 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
Method
Estimation
Statistic approach
by Request
ML approach
$305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
—
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
$38,197
Tax year 2022
Assessed value
$5,400,000
Assessed 2022
Previous assessed
$5,400,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$5,400,000
Land market value
$5,400,000
Total market value
$5,400,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Heating
NONE
Lot
1.55 ac (67,500 SF)
Zoning code
EH-D
APN
067310-0098
UPID
US90-1959268
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
EH-D · Bellevue, WAZoning EH-D · permitted uses
EH-D · 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 this performance area is to provide a location for office uses. It serves as a transition between the concentration of research and development and office uses to the north and the surrounding land use districts
Zone name
Evergreen Highlands Performance Area D
General category
UNKNOWN
Zone area
7.04 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.55 ac
Current owner
From public records · entity-resolved
Esa C2 P Portfolio Operating Lessee
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 49550, CHARLOTTE, NC 28277-9550
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Esa C2 Portfolio LLC
—
Deed
related
—
Nov 26, 2025
—
Esa C2 P Portfolio Operating Lessee
Esa C2 Portfolio LLC
Deed
—
Jun 21, 2021
—
Esa P Portfolio Operating Lessee Ll
Esa P Portfolio LLC
Lease
—
Dec 7, 2001
$8,810,050
Bre/hv Properties LLC
Bre Homestead Village LLC
Grant Deed
$400,000,000 · Bear Stearns Funding INC
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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