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Property profile & analytics
OFF-MARKET
Parking lots & garages
15831 8th St Bellevue, WA 98008-3916
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1950753
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.81 ac (35,173 SF)
Zoning code
O
APN
331650-0065
UPID
US90-1950753
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
-
Summerhill Village Apartment Building
-
iSpot.tv Corporate Office
-
Vintage I Homeowners Association Association / Organization
-
West Bay at the Lakes Condominium Complex
-
Design Energy Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fourth Burroughs LLC · 6 yrs held
Fourth Burroughs LLC
since 2019
6 recorded transactions
Zoning & alternative use
O · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Office Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets. In the proximity of other major business and commercial districts, this district may serve as a buffer between residential areas and more intensive commercial districts
Zone name
Office
General category
COMMERCIAL
Zone area
447.30 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
—
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
$16,182
Tax year 2022
Assessed value
$2,286,200
Assessed 2022
Previous assessed
$2,286,200
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$2,286,200
Land market value
$2,286,200
Total market value
$2,286,200
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.81 ac (35,173 SF)
Zoning code
O
APN
331650-0065
UPID
US90-1950753
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O · Bellevue, WAZoning O · permitted uses
O · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Office Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets. In the proximity of other major business and commercial districts, this district may serve as a buffer between residential areas and more intensive commercial districts
Zone name
Office
General category
COMMERCIAL
Zone area
447.30 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
Fourth Burroughs LLC
Entity
Mailing address
PO BOX 50148, BELLEVUE, WA 98015-0148
Ownership since
2019
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
Sep 9, 2019
$9,400,000
Fourth Burroughs LLC
Crossroads Business Park LLC
Trustees Deed
$5,100,000 · Boeing Emps Cu
Jan 11, 2005
—
Crossroads Business Park LLC
Parkwood
Quit Claim Deed
related
$3,200,000 · Prudential Mortgage Capital Co LLC
Sep 1, 1999
—
Parkwood LP
—
Grant Deed
related
$4,350,000 · Interwest Bank
May 26, 1999
$6,045,000
Parkwood LP
Cpr Investment Co
Grant Deed
—
Dec 2, 1996
—
Cpr Investment Co
Rpc Investment Co
Grant Deed
related
—
Jun 28, 1989
$3,000,000
Rpc Investments Co INC
Embarcadero
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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