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Property profile & analytics
FOR SALE
Office buildings
2229 112Th Ave NE, Bellevue, WA 98004
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0755891
For Sale
$11,250,000
2229 112Th Ave NE, Bellevue, WA 98004
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
34,120 SF
Lot
1.32 ac (57,364 SF)
Zoning code
O
APN
796390-0336
UPID
US90-0755891
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
-
Hanson Baker Ludlow Drumheller Law Firm
-
Amaya Family Law, PLLC Law Firm
-
Rosenstein Joshua Law Firm
-
Kuno Cynthia A Law Firm
-
Merrill Rachel L Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.10M
Owner & transaction history
Is Property Investments LLC · 1 yrs held
Is Property Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
O · 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
$179 / 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
$72,355
Tax year 2022
Assessed value
$10,231,400
Assessed 2022
Previous assessed
$10,231,400
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$5,449,500
Assessed improvement
$4,781,900
Land market value
$5,449,500
Improvement market value
$4,781,900
Total market value
$10,231,400
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1998
Construction
CONCRETE
Heating
GAS
Cooling
AC.PACKAGE
Stories
3
Total area
34,120 SF
Lot
1.32 ac (57,364 SF)
Zoning code
O
APN
796390-0336
UPID
US90-0755891
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O · Bellevue, WA
Zoning O · permitted uses
O · 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
1998
Construction
CONCRETE
Heating
GAS
Cooling
Yes
Stories
3
Lot
1.32 ac
Current owner
From public records · entity-resolved
Is Property Investments LLC
Entity
Mailing address
330 112TH AVE NE STE #200, BELLEVUE, WA 98004-5800
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
—
Is Property Investments LLC
JR Bellewood LLC
Deed
—
Apr 18, 2024
—
Jb Bellewood LLC
—
Deed
related
$8,070,000 · Gbc International Bank
Mar 8, 2017
$16,000,000
Jb Bellewood LLC
Parker Smith & Feek INC
Trustees Deed
$9,600,000 · Miscellaneous Ins Co
Oct 31, 2001
$6,060,000
Parker Smith & Feek INC
Ciber INC
Grant Deed
$4,650,000 · Us Bank NA
Jan 26, 1998
$3,909,445
Aris Corporation
Vangard Management Co
Trustees Deed
—
Jan 26, 1998
—
Loch Anderson
Perkins,allyn
Quit Claim Deed
related
—
Dec 18, 1997
—
Vangard Management Co
Lakeland Venture LLC
Quit Claim Deed
related
—
Jun 13, 1997
$292,500
Lakeland Venture INC
Tci West INC
Grant Deed
$304,779 · Gs-3 LLC
—
—
Parker Smith & Feek INC
—
Deed Of Trust
related
$4,800,000 · Us Bank NA
—
—
Parker Smith & Feek INC
—
Deed Of Trust
related
$4,522,146 · Washington Trust Bank
—
—
Parker Smith & Feek INC
—
Deed Of Trust
related
$4,650,000 · Us Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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