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Property profile & analytics
OFF-MARKET
Estimated value
$6,395,000
Office buildings
2700 Northup Way, Bellevue, WA 98004-1463
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0799134
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
WOOD
Total area
13,100 SF
Lot
1.3 ac (56,560 SF)
Zoning code
OLB
APN
389950-0175
UPID
US90-0799134
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
-
Allegro Pediatrics - Bellevue Medical Group Medical Office
-
Dr. Ildiko H. Thomas, MD Pediatrician Medical Clinic
-
Lian-Tien Pouw Pediatrician Medical Clinic
-
Dr. Erica Cannell Pediatrician Medical Clinic
-
Cassandra Beaulieu Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.10M
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$6.40M
Owner & transaction history
Dsd Holdings LLC · 2 yrs held
Dsd Holdings LLC
since 2023
Last sale
$6.7M
4 recorded transactions
Zoning & alternative use
OLB · 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
Method
Estimation
Statistic approach
$6,170,000
ML approach
$6,100,000
CAP Approach
CAP Return
Estimation
6%
$5,080,000
6.5%
$4,690,000
7%
$4,355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,185,000
Current use
RESTAURANT
$6,950,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,680,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,015,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.40M
Range $5.76M – $7.03M · ±10% · vs last sale $6.65M (Jul 27 2023)
Last sale anchor
$6.65M
Jul 27 2023
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
$488 / 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
$27,065
Tax year 2022
Assessed value
$3,743,500
Assessed 2022
Previous assessed
$3,743,500
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$2,828,000
Assessed improvement
$915,500
Land market value
$2,828,000
Improvement market value
$915,500
Total market value
$3,743,500
Applied tax rate
395.0000
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
1977
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
13,100 SF
Lot
1.3 ac (56,560 SF)
Zoning code
OLB
APN
389950-0175
UPID
US90-0799134
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OLB · Bellevue, WA
Zoning OLB · permitted uses
OLB · 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
$7.2M
RESTAURANT
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1977
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Dsd Holdings LLC
Entity
Mailing address
10613 NE 28TH PL, KIRKLAND, WA 98033
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$6,650,000
Dsd Holdings LLC
Cochenour Properties LLC
Warranty Deed
$3,550,000 · Bank Of America NA
Feb 28, 2018
—
Cochenour Properties LLC
Cochenour,john C & Marcia M
Quit Claim Deed
related
—
Oct 5, 1990
$951,500
John C Cochenour
Cci Real Estate
Grant Deed
$761,200 · Seattle-first National Bank
—
—
John C Cochenour
—
Deed Of Trust
related
$999,999 · 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.
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