New search
Property profile & analytics
OFF-MARKET
Estimated value
$82,445,000
Hotels
208 106th NE Pl, Bellevue, WA 98004-5723
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1417690
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2017
Construction
CONCRETE
Total area
146,781 SF
Lot
0.68 ac (29,583 SF)
Zoning code
DNTN-MU
APN
154410-0322
UPID
US90-1417690
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
-
AC Hotel Seattle Bellevue/Downtown Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
AC Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$72.59M
Blend (final)
Blend
$82.45M
Owner & transaction history
Dc Bellevue 1 Property LLC · 4 yrs held
Dc Bellevue 1 Property LLC
since 2021
Last sale
$83.6M
5 recorded transactions
Zoning & alternative use
DNTN-MU · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$80.5M
+63.8%
Restaurant
$77.9M
+58.5%
Commercial (general)
$74.8M
+52.3%
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
$90,040,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$80,490,000
Change: +64% · Conversion: Difficult
RESTAURANT
$77,870,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$74,825,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$67,385,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$57,980,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$57,580,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$55,980,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$82.45M
Range $74.20M – $90.69M · ±10% · vs last sale $83.57M (Jul 7 2021)
Last sale anchor
$83.57M
Jul 7 2021
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
$562 / 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
$509,762
Tax year 2022
Assessed value
$72,099,900
Assessed 2022
Previous assessed
$72,099,900
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$17,010,200
Assessed improvement
$55,089,700
Land market value
$17,010,200
Improvement market value
$55,089,700
Total market value
$72,099,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
HEAT PUMP
Stories
7
Total area
146,781 SF
Lot
0.68 ac (29,583 SF)
Zoning code
DNTN-MU
APN
154410-0322
UPID
US90-1417690
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DNTN-MU · Bellevue, WA
Zoning DNTN-MU · permitted uses
DNTN-MU · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$80.5M
RESTAURANT
Est. value
$77.9M
COMMERCIAL (GENERAL)
Est. value
$74.8M
AUTO REPAIR, GARAGE
Est. value
$67.4M
MEDICAL BUILDING
Est. value
$58.0M
RETAIL STORES
Est. value
$57.6M
INDUSTRIAL (GENERAL)
Est. value
$56.0M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2017
Construction
CONCRETE
Heating
HEAT PUMP
Stories
7
Lot
0.68 ac
Current owner
From public records · entity-resolved
Dc Bellevue 1 Property LLC
Entity
Mailing address
5314 N 250TH W, PROVO, UT 84604-5691
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2021
$83,571,888
Dc Bellevue 1 Property LLC
Ilshin Aju Hotel Bellevue LLC
Special Warranty Deed
—
Mar 8, 2018
$83,490,000
Ilshin Aju Hotel Bellevue LLC
Wppi Bellevue Ac LLC
Special Warranty Deed
$50,046,000 · Hanmi Bank
Oct 15, 2014
$7,750,000
Wppi Bellevue Ac LLC
Dianne R Ullery
Bargain And Sale Deed
$7,500,000 · Centier Bank
Mar 16, 1998
$2,000,000
Rod C Ullery
Bellevue Cbd Select
Grant Deed
$1,600,000 · Us Bank
—
—
Rodney C Ullery
—
Deed Of Trust
related
$2,730,080 · Oseran Fund #10628 Ptshp
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 208 106th NE Pl?
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.
