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    Property profile & analytics

    2015 116th NE Ave Bellevue, WA 98004-3018

    • Medical offices
    • 1,960 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $2,295,000
    Last Sale
    Jun 30, 2020
    $2,100,000
    Location Intelligence
    Property ID
    US90-1257718
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aria Health Group / Medical Group
    • Bellevue Nephrology LLC / Medical Clinic / Nephrologist
    • Madhuri Kandala, M.D. / Nephrologist / Doctor
    • Bellevue Headache Clinic / Medical Clinic / Neurologist
    • Christine Flogel / Nephrologist / Internist

    Property Details for 2015 116th NE Ave

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    1,960 SF
    Zone code
    BR-MO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    292505-9283
    APU
    2925059283

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,890,000
      6.5%
      $2,140,000
      7%
      $1,975,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,160,000
      Geo Method
      $1,880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,415,000
      Retail
      $2,090,000
      Mixed-Use
      $2,050,000
      Hospitality
      $2,185,000
      Educational
      $2,040,000
      Residential Income
      $2,070,000
      Energy
      $2,435,000
      Income-Based Land
      $2,025,000
      Food Service
      $1,910,000

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.186
    Latitude
    47.6284
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,529
    $1,543,700
    $367,300
    $1,911,000
    -
    $1,543,700
    $367,300
    $1,911,000

    Comparable in this City

    • Value Estimation by Request
      19,371 SF

      1051 116th NE Ave

      MEDICAL BUILDING • 19,371 SF
      1051 116th NE Ave, Bellevue, WA 98004-4600
      View Details
    • Value Estimation by Request
      48,324 SF

      2606 116th NE Ave

      MEDICAL BUILDING • 48,324 SF
      2606 116th NE Ave, Bellevue, WA 98004-1422
      View Details
    • Value Estimation by Request
      1,238 SF

      1252 112th NE Ave

      MEDICAL BUILDING • 1,238 SF
      1252 112th NE Ave, Bellevue, WA 98004-3712
      View Details
    • Value Estimation by Request
      15,480 SF

      1240 116th NE Ave

      MEDICAL BUILDING • 15,480 SF
      1240 116th NE Ave, Bellevue, WA 98004-3815
      View Details
    • Value Estimation by Request
      25,862 SF

      2950 Northup Way

      MEDICAL BUILDING • 25,862 SF
      2950 Northup Way, Bellevue, WA 98004-1406
      View Details
    • Value Estimation by Request
      5,752 SF

      1041 116th NE Ave

      MEDICAL BUILDING • 5,752 SF
      1041 116th NE Ave, Bellevue, WA 98004-4604
      View Details

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    Similar Nearby for Lease

    • $34 SF/Yr
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      Prime Bellevue office space, ample parking.
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      Prime retail space in Bellevue, ideal for various businesses.
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    • $35 SF/Yr
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      Medical Office Space Available

      985 SF medical office space available February 1st, 2026.
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    • Contact for pricing

      Class A Medical Office Space

      Medical office space in Overlake Medical Pavilion, Bellevue.
      1231 116Th Ave Northeast, Bellevue, WA 98004
      View Details
    • $30 SF/Yr
      16,060 SF

      Bellevue Office Park: Prime Space

      16,060 SF Office, 3,292 SF Vacant
      2025 112Th Ave, Bellevue, WA 98004
      View Details
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    Bellevue, WA 98004-3018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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