Financial
Distress signals
Property profile

2101 112Th Ave NE Bellevue, WA 98004

FOR LEASE
Office buildings
Property ID
US90-1720234
6,550 SF 0.67 ac lot Built 1979
Last sale Sep 1992 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 34-yr Hold Held for 34 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial space comprises approximately 2,202 square feet and is configured with four private offices, including two oversized offices. The interior layout further includes a large work area, a supply room, a staff lounge, and a kitchenette. The space is ADA accessible, with a lobby entry and direct exterior access, and includes parking. It is located in a quiet, wooded setting near Hidden Valley Park, on a bus line, with access to major routes including the 405 and 520 and proximity to downtown Bellevue.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$20k
Tax billed · 2022
Assessed value$2.77M
Assessed land$2.77M
Assessed improvement$1k
Effective rate0.71%

Value estimate

· Sep 2026
$1.44M
$1.29M – $1.58M
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$5k
Operating expenses−$5k
NOI · 46,602.90% cap applied$16k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$548/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$300 – $771
Qualifying comparables11

Cap rate analysis

How does the asset earn?
46,602.90%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
O
Office Districts provide areas for business, financial and professional service offices, located on arterial or commercial access streets...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.3
Convenience Store9.1
Pet Grooming Service9.1

Location

2101 112Th Ave NE Bellevue, WA 98004
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1416 112th NE, Bellevue, WA 98004-3710 $4,900,000 May 2025 8,788 SF
2105 112th NE, Bellevue, WA 98004-2945 $3,522,480 Feb 2024 6,700 SF
11555 8th, Bellevue, WA 98004-6447 $6,100,000 Dec 2023 16,356 SF
2700 Northup, Bellevue, WA 98004-1463 $6,650,000 Jul 2023 13,100 SF
11106 Northup, Bellevue, WA 98004-1413 $2,460,000 Feb 2022 6,000 SF
11512 19th, Bellevue, WA 98004-3029 $1,760,000 Nov 2021 2,370 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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