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Property profile & analytics
FOR LEASE
Office buildings
275 118Th Ave SE Bellevue, WA 98005
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1599668
For Lease
1 / 2
Contact for pricing
275 118Th Ave SE, Bellevue, WA 98005
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
20,964 SF
Lot
1.31 ac (57,033 SF)
Zoning code
O
APN
804610-0082
UPID
US90-1599668
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
-
TA Group Holdings Financial Advisor
-
Direct Technology (Bike/Boat/Book/etc) Store Corporate Office
-
MediaAMP, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Mortgage Reel 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
by Request
Owner & transaction history
Pfi Belle View LLC · 3 yrs held
Pfi Belle View LLC
since 2022
Last sale
$28.0M
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
—
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
$48,204
Tax year 2022
Assessed value
$6,815,500
Assessed 2022
Previous assessed
$6,815,500
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$4,847,800
Assessed improvement
$1,967,700
Land market value
$4,847,800
Improvement market value
$1,967,700
Total market value
$6,815,500
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 Lease
Year built
1984
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
20,964 SF
Lot
1.31 ac (57,033 SF)
Zoning code
O
APN
804610-0082
UPID
US90-1599668
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
1984
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Pfi Belle View LLC
Entity
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
$28,000,000
Pfi Belle View LLC
Bellevue Park Investment LLC
Bargain And Sale Deed
—
May 5, 2022
—
Bellevue Park Investment LLC
Bellevue Park Investment LLC
Intrafamily Transfer
related
$12,500,000 · Industrial & Commercial Bank Of Chi
Apr 4, 2017
$19,000,000
Bellevue Park Investment LLC
Jm Ventures-belle View LLC
Trustees Deed
$11,000,000 · A10 Cap
Jan 16, 2013
$3,410,000
Jm Ventures-belle View LLC
Triple L Investment LLC
Warranty Deed
$3,360,000 · Washington Trust Bank
Sep 15, 2006
$4,400,000
Triple L Investment LLC
Medi-son Leasing
Warranty Deed
$3,325,000 · West Coast Bank
Apr 12, 2001
—
Belop LLC
Belle-view Office Park I LP
Quit Claim Deed
related
—
Apr 12, 2001
$4,100,000
Medi-son Leasing
Belop LLC
Grant Deed
$2,560,000 · Evertrust Bank
May 8, 1990
$5,550,000
Paul Liao
B.v. Ltd Partner
Grant Deed
$4,218,000 · Company Misc
—
—
Medi-son Leasing
—
Deed Of Trust
related
$119,000 · Evertrust Bank
—
—
Medi-son Leasing
—
Deed Of Trust
related
$119,000 · Evertrust 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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