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Property profile & analytics
OFF-MARKET
Commercial land
1815 114th NE Ave Bellevue, WA 98004
Entity Owned
18-yr Hold
Free & Clear
Property ID
US90-0782523
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Construction
WOOD FRAME
Total area
1,870 SF
Lot
0.17 ac (7,478 SF)
Zoning code
BR-MO
APN
770910-0030
UPID
US90-0782523
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Positano Investments LLC · 18 yrs held
Positano Investments LLC
since 2008
3 recorded transactions
Zoning & alternative use
BR-MO · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the BelRed-MO Land Use District is to provide an area for office uses, with an emphasis on medical office.
Zone name
Bel Red Medical Office
General category
UNKNOWN
Zone area
92.68 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
$5,199
Tax year 2022
Assessed value
$732,800
Assessed 2022
Previous assessed
$732,800
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$732,800
Land market value
$732,800
Total market value
$732,800
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
RADIANT
Stories
1
Bathrooms
2
Total area
1,870 SF
Lot
0.17 ac (7,478 SF)
Zoning code
BR-MO
APN
770910-0030
UPID
US90-0782523
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-MO · Bellevue, WAZoning BR-MO · permitted uses
BR-MO · 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 the BelRed-MO Land Use District is to provide an area for office uses, with an emphasis on medical office.
Zone name
Bel Red Medical Office
General category
UNKNOWN
Zone area
92.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
RADIANT
Stories
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Positano Investments LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 3361, BELLEVUE, WA 98009-3361
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2008
—
Positano Investments LLC
Banks,patricia M
Quit Claim Deed
related
—
Aug 29, 2007
—
State Of Washington
Banks,patricia M
Warranty Deed
—
Aug 26, 2004
$425,000
Patricia M Banks
Stearns,barbara B
Warranty Deed
$340,000 · Greenpoint Mortgage Funding
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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