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Property profile & analytics
OFF-MARKET
Commercial land
3002 139th SE Ave Bellevue, WA 98005-4096
Individually Owned
~
Est. High Equity
Property ID
US90-2017415
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
7.22 ac (314,503 SF)
Zoning code
OLB
APN
813530-0100
UPID
US90-2017415
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
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
Ae Apartments Owner L L C
Ae Apartments Owner L L C
since 2025
7 recorded transactions
Zoning & alternative use
OLB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Office and Limited Business Districts provide areas for the location of integrated complexes made up of offices, hotels or motels, eating establishments and retail sales accessory to permitted uses. Such districts are located in areas that abut and have convenient access to freeways and major highways
Zone name
Office And Limited Business
General category
COMMERCIAL
Zone area
332.92 ac
Source
Realmo
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
$1,133
Tax year 2022
Assessed value
$157,200
Assessed 2022
Previous assessed
$157,200
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$157,200
Land market value
$157,200
Total market value
$157,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
7.22 ac (314,503 SF)
Zoning code
OLB
APN
813530-0100
UPID
US90-2017415
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OLB · Bellevue, WAZoning OLB · permitted uses
OLB · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Office and Limited Business Districts provide areas for the location of integrated complexes made up of offices, hotels or motels, eating establishments and retail sales accessory to permitted uses. Such districts are located in areas that abut and have convenient access to freeways and major highways
Zone name
Office And Limited Business
General category
COMMERCIAL
Zone area
332.92 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
7.22 ac
Current owner
From public records · entity-resolved
Ae Apartments Owner L L C
Individual
Mailing address
700 LOUISIANA ST STE #1750, HOUSTON, TX 77002-2766
Ownership since
2025
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
Aug 29, 2025
$24,000,000
Ae Apartments Owner L L C
Mmp Lot 10 LLC
Bargain & Sale Deed
$150,600,000 · Sumitomo Mitsui Trust Bank
Sep 13, 2019
$1,000,000
Mmp Lot 10 LLC
Sunset North LLC
Grant Deed
—
Mar 31, 2016
$155,192,500
Sunset North LLC
Sunset North Corporate Campus Prope
Bargain And Sale Deed
—
Dec 7, 2010
—
City Center Bellevue Prop LLC
—
Deed Of Trust
related
—
Apr 24, 2007
$176,122,693
Sunset North Corp Campus Prop
Wa-sunset North Bellevue LLC
Grant Deed
—
Sep 3, 1998
—
Wrc Sunset North LLC
—
Grant Deed
related
$68,000 · Wells Fargo Bank
Jul 13, 1998
$15,899,560
Wrc Sunset North LLC
Sisters Of Providence FCU
Trustees Deed
—
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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