New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,480,000
Office buildings
1800 112th NE Ave, Bellevue, WA 98004-2993
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1683157
Property summary
AI-generated overview
This exceptional three-story office building, located at 1800 112th Ave NE in Bellevue, Washington, offers a total of 37,417 square feet of traditional office space. The building consists of a single structure and features two immediately available suites, one measuring 2,081 square feet and the other 2,922 square feet. The property boasts a highly desirable Bellevue location, providing easy access to amenities and major transportation routes. A significant advantage is the availability of free surface parking, with covered parking also an option for tenants. The building's proximity to Hidden Valley Park adds to its appeal, offering a tranquil and green space nearby. This is a multi-tenant building situated in King County, Washington, with a zip code of 98004. The property is ideal for businesses seeking a well-located, comfortable, and convenient office space in the heart of Bellevue. The building's traditional office design provides a classic and functional workspace. Interested parties should inquire about lease terms and conditions.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
47,235 SF
Lot
1.98 ac (86,050 SF)
Zoning code
O
APN
242770-0070
UPID
US90-1683157
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
-
Garrison & Kelley CPAs PLLC Accounting Firm Tax Preparation
-
Hands On Health Center Medical Clinic
-
Professional Alcohol & Drug Social Service Agency Medical Clinic
-
Essential Strides Counseling Physician Medical Clinic
-
Darla V. Capetillo, Ph.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.48M
Owner & transaction history
Park Heights Assocaites LLC · 4 yrs held
Park Heights Assocaites LLC
since 2021
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$180 / 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
$103,750
Tax year 2022
Assessed value
$14,672,000
Assessed 2022
Previous assessed
$14,672,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$8,174,700
Assessed improvement
$6,497,300
Land market value
$8,174,700
Improvement market value
$6,497,300
Total market value
$14,672,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Total area
47,235 SF
Lot
1.98 ac (86,050 SF)
Zoning code
O
APN
242770-0070
UPID
US90-1683157
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
1981
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Lot
1.98 ac
Current owner
From public records · entity-resolved
Park Heights Assocaites LLC
Entity
Mailing address
PO BOX 5003, BELLEVUE, WA 98009-5003
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
—
Park Heights Assocaites LLC
D&h Investments
Intrafamily Transfer
related
$5,300,000 · Riversource Life Insurance Co
May 30, 2017
—
1000 First Avenue South Ptshp
—
Deed
related
$3,000,000 · Miscellaneous Ins Co
Dec 22, 2011
—
1000 First Avenue South Ptshp
—
Deed Of Trust
related
$6,500,000 · Sun Life Assurance Co
May 17, 2006
—
Albert B Lebenzon
Albert B Lebenzon Md INC Ps
Quit Claim Deed
related
—
Feb 14, 1997
—
Willows Park Associates
Principal Mutual Life Insuranc
Grant Deed
$2,000,000 · Sun Life Assurance Co Canada
—
—
1000 First Avenue South Ptshp
—
Deed Of Trust
related
$2,400,000 · Sun Life Assurance Co Canada
—
—
1000 First Avenue South Ptshp
—
Loan Modification
related
$3,000,000 · Miscellaneous Ins Co
—
—
1000 First Avenue South Ptshp
—
Deed Of Trust
related
$3,000,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1800 112th NE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
