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Property profile & analytics
OFF-MARKET
Estimated value
$74,695,000
Automotive properties
3080 148th SE Ave Bellevue, WA 98007-6420
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0815046
Property summary
AI-generated overview
Sunset Village Shopping Center, a single-story, 71,709 square foot retail property in Bellevue, WA, presents a rare opportunity. Built in 1963 and renovated in 1990, this center sits on an 11.93-acre lot (519,664 square feet) and features multiple tenancies. Currently, two spaces are available, ranging from 1,007 to 3,406 square feet, ideal for storefront, medical, or coffee businesses. The property boasts excellent visibility and ample parking, situated at a high-traffic intersection with over 50,000 cars passing daily. Its strategic location at 3080 148th Ave SE, Bellevue, WA 98007 (cross street: 150th Ave SE), places it adjacent to Michael's Toyota, near Bellevue College, and with convenient access to I-90. The property is zoned CB and has an APN of 112405-9007, located within the Lake Hills submarket and Eastgate submarket cluster. This is a prime opportunity for businesses seeking high visibility and strong foot traffic in a well-established Bellevue location.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
71,709 SF
Lot
11.93 ac (519,664 SF)
Zoning code
CB
APN
112405-9007
UPID
US90-0815046
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
-
Lil' Jon Restaurant & Lounge Restaurant
-
Crystal E. Sealey, PA-C Physician
-
Sean Mackie Hospital
-
Creditly Credit Repair Bellevue Financial Advisor
-
Michael's Toyota of Bellevue Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$58.75M
Blend (final)
Blend
$74.70M
Owner & transaction history
Lithia Real Estate INC · 5 yrs held
Lithia Real Estate INC
since 2021
Last sale
$78.0M
6 recorded transactions
Zoning & alternative use
CB · 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
$84,035,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$74.70M
Range $67.23M – $82.16M · ±10% · vs last sale $78.00M (Jun 29 2021)
Last sale anchor
$78.00M
Jun 29 2021
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
$1,042 / 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
$426,396
Tax year 2022
Assessed value
$60,307,600
Assessed 2022
Previous assessed
$60,307,600
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$41,573,100
Assessed improvement
$18,734,500
Land market value
$41,573,100
Improvement market value
$18,734,500
Total market value
$60,307,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
5
Stories
1
Total area
71,709 SF
Lot
11.93 ac (519,664 SF)
Zoning code
CB
APN
112405-9007
UPID
US90-0815046
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Bellevue, WA
Zoning CB · permitted uses
CB · 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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
5
Lot
11.93 ac
Current owner
From public records · entity-resolved
Lithia Real Estate INC
Entity
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6015
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
$78,000,000
Lithia Real Estate INC
Skymatt Properties LLC
Special Warranty Deed
—
Apr 4, 2018
—
Skymatt Properties LLC
—
Grant Deed
related
$9,383,030 · Toyota Motor Credit
Sep 22, 2004
$23,998,000
Skymatt Properties LLC
Spenwhit
Grant Deed
$20,320 · Toyota Motor Credit Corp
—
—
Skymatt Properties LLC
—
Deed Of Trust
related
$6,000,000 · Toyota Motor Credit Corp
—
—
Skymatt Properties LLC
—
Deed Of Trust
related
$5,400,000 · Toyota Motor Credit Corp
—
—
Spenwhit LP
—
Deed Of Trust
related
—
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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