New search
Property profile & analytics
OFF-MARKET
Estimated value
$13,050,000
Hotels
3241 156th SE Ave, Bellevue, WA 98007-6528
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2793098
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1981
Construction
FRAME
Total area
28,910 SF
Lot
1.2 ac (52,140 SF)
Zoning code
CB
APN
112405-9082
UPID
US90-2793098
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
-
Testosterone BlossomFlow Therapy Center Physician
-
Quality Inn Bellevue Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.29M
Blend (final)
Blend
$13.05M
Owner & transaction history
Bellevue 105 LLC · 2 yrs held
Bellevue 105 LLC
since 2024
Last sale
$13.1M
7 recorded transactions
Zoning & alternative use
CB · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.3M
+58.5%
Commercial (general)
$14.7M
+52.3%
Auto repair, garage
$13.3M
+37.1%
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
$13,050,000
ML approach
$13,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,680,000
Current use
RESTAURANT
$15,335,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,735,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,270,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$12,700,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$11,420,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$11,340,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,025,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$13.05M
Range $11.75M – $14.36M · ±10% · vs last sale $13.05M (May 17 2024)
Last sale anchor
$13.05M
May 17 2024
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
$451 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$105,748
Tax year 2024
Assessed value
$12,086,500
Assessed 2023
Previous assessed
$12,086,500
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$3,128,400
Assessed improvement
$8,958,100
Land market value
$3,128,400
Improvement market value
$8,958,100
Total market value
$12,086,500
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
28,910 SF
Lot
1.2 ac (52,140 SF)
Zoning code
CB
APN
112405-9082
UPID
US90-2793098
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.7M
RESTAURANT
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$14.7M
AUTO REPAIR, GARAGE
Est. value
$13.3M
OFFICE BUILDING
Est. value
$12.7M
MEDICAL BUILDING
Est. value
$11.4M
RETAIL STORES
Est. value
$11.3M
INDUSTRIAL (GENERAL)
Est. value
$11.0M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1981
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Bellevue 105 LLC
Entity
Mailing address
723 THE PKWY, RICHLAND, WA 99352-4259
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
Bellevue 105 LLC
—
Deed
related
$20,925,000 · Dlp Lending Fund LLC
May 17, 2024
$13,050,000
Bellevue 105 LLC
Ok S Ham
Warranty Deed
$15,087,000 · Dlp Lending Fund LLC
Jul 2, 2021
—
Egbw38r Owner LLC
The Boeing Company
Quit Claim Deed
related
—
Jul 17, 2015
$10,650,000
Ok S Ham
A&l Koh LLC
Warranty Deed
$5,675,000 · Open Bank
Oct 2, 2013
$7,400,000
A & L Koh LLC
Joyland Lodging LLC
Warranty Deed
$3,938,000 · Unibank
Jun 13, 2012
$5,150,000
Joyland Lodging LLC
Algard Ventures Re LLC
Warranty Deed
$4,200,000 · Unibank
Mar 29, 2012
$3,670,400
Algard Ventures Re LLC
Hickel Properties INC
Warranty Deed
—
May 6, 2005
$4,850,000
Hickel Properties INC
Longhouse Associates INC
Warranty Deed
$3,250,000 · Chb America Bank
Jun 11, 2002
—
Boeing Co
Cc & F Investment Co LP
Quit Claim Deed
related
—
—
—
A & L Koh LLC
—
Deed Of Trust
related
$2,429,000 · Northwest Busn Dev Assn
—
—
Hickel Properties INC
—
Deed Of Trust
related
$200,000 · Chb America Bank
—
—
Longhouse Associates INC
—
Deed Of Trust
related
$4,030,000 · General Electric Capital Corp
—
—
Ok S Ham
—
Deed Of Trust
related
$3,573,000 · Ameritrust Cdc
—
—
Hickel Properties INC
—
Deed Of Trust
related
$5,000,000 · Shinhan Bank
—
—
Joyland Lodging LLC
—
Deed Of Trust
related
$500,000 · Unibank
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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