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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Retail space
1960 130th NE Ave Bellevue, WA 98005-2206
Entity Owned
~
Est. High Equity
Property ID
US90-1459802
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
WOOD
Total area
4,100 SF
Lot
0.29 ac (12,562 SF)
Zoning code
BR-RC-2
APN
282505-9233
UPID
US90-1459802
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
$1.16M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Linnaea 130th LLC
Linnaea 130th LLC
since 2026
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
BR-RC-2 · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the BelRed-RC-2 Land Use District is to provide an area for a mix of housing, retail, office and service uses. The district is located within a node but outside the node’s core, and building heights provide for a transition between the node’s core and areas outside the node
Zone name
Bel Red Residential Commercial Node 2
General category
COMMERCIAL
Zone area
46.04 ac
Source
Realmo
Top alternative use upside
Medical building
$1.6M
+0.7%
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
$1,150,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,610,000
Current use
MEDICAL BUILDING
$1,620,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$1,400,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.06M (Mar 20 2023)
Last sale anchor
$1.06M
Mar 20 2023
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
$271 / 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
$11,127
Tax year 2022
Assessed value
$1,571,200
Assessed 2022
Previous assessed
$1,571,200
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,570,200
Assessed improvement
$1,000
Land market value
$1,570,200
Improvement market value
$1,000
Total market value
$1,571,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Total area
4,100 SF
Lot
0.29 ac (12,562 SF)
Zoning code
BR-RC-2
APN
282505-9233
UPID
US90-1459802
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-RC-2 · Bellevue, WAZoning BR-RC-2 · permitted uses
BR-RC-2 · 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-RC-2 Land Use District is to provide an area for a mix of housing, retail, office and service uses. The district is located within a node but outside the node’s core, and building heights provide for a transition between the node’s core and areas outside the node
Zone name
Bel Red Residential Commercial Node 2
General category
COMMERCIAL
Zone area
46.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Linnaea 130th LLC
Entity
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
Linnaea 130th LLC
Selkirk Ridge LLC
Bargain & Sale Deed
$8,900,000 · Wafd Bank
Dec 9, 2025
$14,274,100
Stellar 130th LLC
Cammihr Investments LLC
Bargain & Sale Deed
$9,236,378 · Stellar Holdings INC
Mar 20, 2023
—
Stellar 130th LLC
Cammihr Investments LLC
Agreement Of Sale
—
Jan 31, 2011
—
Cammihr Investments LLC
—
Deed Of Trust
related
$1,425,000 · Farm Bureau Life Ins Michigan
Jul 31, 1996
$1,060,000
Cammihr Investments LLC
Holley,robert E
Grant Deed
$285,000 · Seafirst Bank
Jun 3, 1996
—
William H King
Khr Associates
Grant Deed
related
—
—
—
Cammihr Investments LLC
—
Deed Of Trust
related
$820,000 · Seafirst 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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