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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Medical Office Space
2950 Northup Way Bellevue, WA 98004-1406
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-3350797
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
WOOD
Total area
25,862 SF
Lot
1.1 ac (48,105 SF)
Zoning code
OLB
APN
389810-0320
UPID
US90-3350797
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
-
Exceptional Cosmetic & General Dentistry: Neda Sayyah, DMD Dental Office
-
Ian Cox Physician Medical Clinic
-
Edgari Physician
-
Northwest Partners in Mental Health Physician Medical Clinic
-
Tae Soon Park, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
Nsl Holdings LLC · 23 yrs held
Nsl Holdings LLC
since 2003
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$131 / 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
$36,211
Tax year 2022
Assessed value
$5,009,300
Assessed 2022
Previous assessed
$5,009,300
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$2,405,200
Assessed improvement
$2,604,100
Land market value
$2,405,200
Improvement market value
$2,604,100
Total market value
$5,009,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
25,862 SF
Lot
1.1 ac (48,105 SF)
Zoning code
OLB
APN
389810-0320
UPID
US90-3350797
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.
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Nsl Holdings LLC
Entity
Mailing address
330 112TH AVE NE STE #200, BELLEVUE, WA 98004-5800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
Nsl Holdings LLC
—
Deed
related
$500,000 · Columbia State Bank
Jan 6, 2020
—
Nsl Holdings LLC
—
Deed
related
$685,000 · Columbia St Bk
Sep 23, 2019
—
Nsl Holdings LLC
—
Deed
related
$78,500 · Columbia Bank
Feb 14, 2019
—
Nsl Holdings LLC
—
Deed
related
$3,200,000 · Columbia State Bank
Aug 29, 2016
—
Nsl Holdings LLC
—
Deed
related
$3,090,000 · Wells Fargo Bank NA
Jul 11, 2003
$3,325,000
Nsl Holdings LLC
2950 Building LLC
Grant Deed
related
$3,372,000 · Wells Fargo Bank Northwest NA
Jan 4, 1995
$1,400,000
2950 Building LLC
Seattle-first National Bank
Grant Deed
$1,050,000 · Us Bank Of Washington
—
—
Nsl Holdings LLC
—
Loan Modification
related
$685,000 · Columbia St Bk
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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