Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Assisted living facilities
2110 116th NE Ave Bellevue, WA 98004
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1245892
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2020
Construction
CONCRETE
Total area
123,234 SF
Lot
2.89 ac (126,077 SF)
Zoning code
BR-MO
APN
282505-9087
UPID
US90-1245892
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
-
Touch Essentials Massage Alternative Medicine Practice Spa & Massage Center
-
IASTM-Fascia Blasting Alternative Medicine Practice Spa & Massage Center
-
Amber L. Soria, LMT Alternative Medicine Practice Spa & Massage Center
-
SAK STUDIO Medical Clinic Skin Care Clinic
-
Dan Rivisto Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.82M
Owner & transaction history
Bellevue Senior Housing LLC · 8 yrs held
Bellevue Senior Housing LLC
since 2017
6 recorded transactions
Zoning & alternative use
BR-MO · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$23 / 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
$386,953
Tax year 2022
Assessed value
$54,729,200
Assessed 2022
Previous assessed
$54,729,200
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$16,390,000
Assessed improvement
$38,339,200
Land market value
$16,390,000
Improvement market value
$38,339,200
Total market value
$54,729,200
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
CENTRAL
Buildings
2
Stories
6
Units
138
Total area
123,234 SF
Lot
2.89 ac (126,077 SF)
Zoning code
BR-MO
APN
282505-9087
UPID
US90-1245892
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR-MO · Bellevue, WA
Zoning 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
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
CENTRAL
Stories
6
Buildings
2
Units
138
Lot
2.89 ac
Current owner
From public records · entity-resolved
Bellevue Senior Housing LLC
Entity
Mailing address
111 MARKET ST NE, OLYMPIA, WA 98501-1008
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Bellevue Senior Housing LLC
—
Deed
related
$75,500,000 · Poppy Bank
Dec 22, 2021
—
Bellevue Senior Housing LLC
—
Deed
related
$66,818,000 · Bokf NA
May 31, 2019
—
Bellevue Senior Housing LLC
—
Deed
related
$63,000,000 · Bokf NA
Oct 23, 2017
$12,500,000
Bellevue Senior Housing LLC
Shs Properties IV LLC
Special Warranty Deed
$8,000,000 · Columbia State Bank
Mar 11, 2015
$9,900,000
Shs Properties IV LLC
Lunde Center LLC
Special Warranty Deed
$7,128,000 · Washington Trust Bank
—
—
Lunde Family LP
—
Deed Of Trust
related
$250,000 · Issaquah 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.
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 2110 116th NE Ave?
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.
