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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Assisted living facilities
15928 8th St Bellevue, WA 98008-3908
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-1422510
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,340 SF
Lot
1.79 ac (78,078 SF)
Zoning code
CB
APN
262505-9225
UPID
US90-1422510
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
-
Sunrise of Bellevue Nursing Home Retirement Community
-
Independence Rehab Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$980k
Owner & transaction history
Sunrise Bellevue Assisted LLP · 28 yrs held
Sunrise Bellevue Assisted LLP
since 1997
7 recorded transactions
Zoning & alternative use
CB · 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
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$25 / 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
$94,097
Tax year 2022
Assessed value
$13,306,700
Assessed 2022
Previous assessed
$13,306,700
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$4,684,600
Assessed improvement
$8,622,100
Land market value
$4,684,600
Improvement market value
$8,622,100
Total market value
$13,306,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
4
Units
70
Total area
39,340 SF
Lot
1.79 ac (78,078 SF)
Zoning code
CB
APN
262505-9225
UPID
US90-1422510
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bellevue, WA
Zoning CB · permitted uses
CB · 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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
70
Lot
1.79 ac
Current owner
From public records · entity-resolved
Sunrise Bellevue Assisted LLP
Entity
Mailing address
7902 WESTPARK DR, MCLEAN, VA 22102-4202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
—
Asc Newcastle LLC
—
Deed
related
$49,718,000 · Wells Fargo Bank NA
Oct 3, 2012
—
Metropolitan Of Bellevue Senior H
—
Deed Of Trust
related
$365,000,000 · Health Care Reit INC
Dec 15, 2006
—
Metropolitan Of Bellevue Senior H
—
Deed Of Trust
related
$18,200,000 · Capmark Bank
Aug 22, 1997
$1,200,000
Sunrise Bellevue Assisted LLP
Heritage Pointe Associates LLC
Trustees Deed
—
May 19, 1994
—
Children Growth Family LP
Chow,shong M
Quit Claim Deed
related
—
Mar 14, 1990
—
Wu,julie C H
Attorneys Deferr
Grant Deed
related
—
—
—
Sunrise Bellevue Assisted LP
—
Deed Of Trust
related
$250,000 · Nationsbank
—
—
Sunrise Bellevue Assisted Livi
—
Deed Of Trust
related
$9,000,000 · Gmac Commercial Mortgage Corp
—
—
Heritage Pointe Associates LLC
—
Deed Of Trust
related
$350,000 · Continental Savings 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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