New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,495,000
Office buildings
2475 140th NE Ave, Bellevue, WA 98005-1892
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1176082
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
17,135 SF
Lot
9.07 ac (395,089 SF)
Zoning code
O
APN
222505-9032
UPID
US90-1176082
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
-
eCompanyStore Advertising Agency Marketing & Advertising
-
Dixie Reynolds MSN, ARNP, CPNP-PC Pediatrician Medical Clinic
-
Ha Roni MSN, ARNP, CPNP-PC Pediatrician Medical Clinic
-
Sonia Durham MD Pediatrician Medical Clinic
-
Allegro Pediatrics- Administrative Building Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Park 140 Property LLC · 10 yrs held
Park 140 Property LLC
since 2016
7 recorded transactions
Zoning & alternative use
O · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.8M
+15.5%
Retail stores
$6.7M
+14.7%
Industrial (general)
$6.5M
+11.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,645,000
6.5%
$6,135,000
7%
$5,695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,860,000
Current use
MEDICAL BUILDING
$6,770,000
Change: +16% · Conversion: Easy
RETAIL STORES
$6,720,000
Change: +15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,535,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,940,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.50M
Range $4.05M – $4.94M · ±10%
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
$262 / 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
$207,839
Tax year 2022
Assessed value
$29,394,300
Assessed 2022
Previous assessed
$29,394,300
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$19,754,400
Assessed improvement
$9,639,900
Land market value
$19,754,400
Improvement market value
$9,639,900
Total market value
$29,394,300
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
Off-Market
Year built
1984
Construction
WOOD
Heating
HEAT PUMP
Buildings
5
Stories
1
Total area
17,135 SF
Lot
9.07 ac (395,089 SF)
Zoning code
O
APN
222505-9032
UPID
US90-1176082
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
INDUSTRIAL (GENERAL)
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
5
Lot
9.07 ac
Current owner
From public records · entity-resolved
Park 140 Property LLC
Entity
Mailing address
1421 34TH AVE STE #300, SEATTLE, WA 98122-3634
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
—
Park 140 Property LLC
—
Deed
related
$17,726,420 · Miscellaneous Ins Co
Jun 24, 2016
$24,400,000
Park 140 Property LLC
Bellevue Park 140 LLC
Grant Deed
$10,720,167 · Miscellaneous Ins Co
Jan 19, 2005
—
Belleuve Park 140 LLC
Api/pichon Viii LLC
Warranty Deed
$7,795,000 · Wachovia Bank NA
Nov 14, 2002
—
Bellevue City (wa)
Api/pichon Viii LLC
Grant Deed
related
—
Jun 30, 1988
—
Stone Federal Savings B Old
Bellevue Olympic
Grant Deed
related
—
—
—
Bellevue Park 140 LLC
—
Deed Of Trust
related
$11,000,000 · Miscellaneous Ins Co
—
—
Park 140 Property LLC
—
Deed Of Trust
related
$17,726,420 · Miscellaneous Ins Co
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 2475 140th 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.
