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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2310 130th NE Ave Bellevue, WA 98005-1799

    • Medical offices
    • 18,144 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Oct 13, 2022
    $8,767,635
    Value Estimations
    $7,950,000
    Show details
    Cap Rate Potential
    3.8%
    Medical offices
    Location Intelligence
    Property ID
    US90-1504745
    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

    • Christy A. Kim, DDS / Dentist / Cosmetic Dentist
    • Kay Duncan / Psychiatrist
    • Amira Whitehill, MA, LMFT / Mental Health Service
    • Dr. Philip Dunbar-Mayer / Neurophysiologist / Child Psychologist
    • Piril Ismet Akman / Psychologist

    Property Details for 2310 130th NE Ave

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.83 lot acres
    Property size
    18,144 SF
    Zone code
    PO
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    619300-0020
    APU
    6193000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,810,000
      ML approach
      $7,925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,483,000
      Market price range: $4.11M - $10.3M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $7,165,000
      Current use
      RESTAURANT
      $9,625,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,250,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,330,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $7,120,000
      Change: -1% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $6,920,000
      Change: -3% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,290,000
      Change: -12% Conversion: Moderate
      OFFICE BUILDING
      $6,205,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.166
    Latitude
    47.6308
    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
    $41,946
    $2,337,000
    $3,593,300
    $5,930,300
    -
    $2,337,000
    $3,593,300
    $5,930,300

    Comparable in this City

    • Value Estimation
      $9,010,000
      17,840 SF

      11711 12th St

      MEDICAL BUILDING • 17,840 SF
      11711 12th St, Bellevue, WA 98005-2461
      View Details
    • Value Estimation
      $3,085,000
      19,777 SF

      12100 Northup Way

      MEDICAL BUILDING • 19,777 SF
      12100 Northup Way, Bellevue, WA 98005-1920
      View Details
    • Value Estimation
      $6,210,000
      40,980 SF

      13033 Bel Red Rd

      MEDICAL BUILDING • 40,980 SF
      13033 Bel Red Rd, Bellevue, WA 98005-2633
      View Details
    • Value Estimation
      $1,110,000
      5,950 SF

      1925 140th NE Ave

      MEDICAL BUILDING • 5,950 SF
      1925 140th NE Ave, Bellevue, WA 98005-2303
      View Details
    • Value Estimation
      $560,000
      2,390 SF

      13635 Bel Red Rd

      DENTAL BUILDING • 2,390 SF
      13635 Bel Red Rd, Bellevue, WA 98005-4555
      View Details
    • Value Estimation
      $4,195,000
      21,790 SF

      626 120th NE Ave

      DENTAL BUILDING • 21,790 SF
      626 120th NE Ave, Bellevue, WA 98005-3077
      View Details

    Similar Nearby for Sale

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      Bellevue Medical Office Building

      Prime Bellevue location, strong tenancy.
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      2,253 SF

      Bellevue Medical Corridor Office Space

      Class A office space in Bellevue Medical Corridor for sale.
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      Bellevue Medical Office Building

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    • Contact for pricing
      12 SF

      Bellevue Medical Office Investment Opportunity

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    • $599,000
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      Bellevue Office Condo For Sale

      Professional office condo in a prime Bellevue location.
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      Office building with flexible lease terms and excellent connectivity.
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    Similar Nearby for Lease

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      18,694 SF

      Bellevue Office Space For Lease

      Prime Bellevue office space, multiple suites available.
      1805 136Th Pl, Bellevue, WA 98005
      View Details
    • $24 SF/Yr
      12,125 SF

      Bellevue Office/Medical Building For Rent

      Bellevue office/medical building with transit access and parking.
      12100 Northup Way, Bellevue, WA 98005
      View Details
    • $30 SF/Yr
      9,348 SF

      Bellevue Office Space for Lease

      Modern Office, Abundant Parking, Great Location
      375 118Th Ave, Bellevue, WA 98005
      View Details
    • $31 SF/Yr
      139,747 SF

      Retail/Office Space on Plaza 520

      Retail and office space with high visibility and easy access.
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    • Contact for pricing
      8,198 SF

      Bellevue Office Space Available

      8198 SF office space for rent in Bellevue, WA.
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    • $25 SF/Yr
      3,694 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      2100 124Th Ave NE, Bellevue, WA 98005
      View Details
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    2310 130th NE Ave
    Bellevue, WA 98005-1799
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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