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Property profile & analytics
FOR LEASE
Office buildings
3245 146Th Pl SE, Bellevue, WA 98007
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1282415
For Lease
$31 SF/Yr
3245 146Th Pl SE, Bellevue, WA 98007
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
CONCRETE
Total area
93,878 SF
Lot
2.05 ac (89,346 SF)
Zoning code
EG-TOD
APN
431980-0010
UPID
US90-1282415
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
-
Konica Minolta Business Solutions U.S.A., Inc. Industrial Manufacturer Production Facility
-
Procost Loan Service Bank
-
Samsung Electronics America Inc. Corporate Office
-
Topia Consultant
-
Talon Group LLC Take-out & Catering Fish Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.38M
Owner & transaction history
Cascade Yard Owner LLC · 6 yrs held
Cascade Yard Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
EG-TOD · 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
$196 / 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
$181,321
Tax year 2022
Assessed value
$25,644,000
Assessed 2022
Previous assessed
$25,644,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$4,020,500
Assessed improvement
$21,623,500
Land market value
$4,020,500
Improvement market value
$21,623,500
Total market value
$25,644,000
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
1987
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
93,878 SF
Lot
2.05 ac (89,346 SF)
Zoning code
EG-TOD
APN
431980-0010
UPID
US90-1282415
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
EG-TOD · Bellevue, WA
Zoning EG-TOD · permitted uses
EG-TOD · 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
1987
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
3
Lot
2.05 ac
Current owner
From public records · entity-resolved
Cascade Yard Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
10100 SANTA MONICA BLVD STE #1000, LOS ANGELES, CA 90067-4145
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
—
Cascade Yard Owner LLC
—
Deed
related
$86,400,000 · Citizens Bank NA
Dec 30, 2019
$114,487,538
Cascade Yard Owner LLC
Mg-bellevue Office Park Jv LLC
Grant Deed
—
Oct 5, 2016
$80,540,000
Mg-bellevue Office Park Jv LLC
Lincoln Executive Center Prop
Grant Deed
$59,000,000 · Bank Of America
Dec 7, 2010
—
City Center Bellevue Prop LLC
—
Deed Of Trust
related
—
Apr 24, 2007
$26,782,438
Lincoln Executive Ctr Prop LLC
Wa-lincoln Executive Ctr LLC
Grant Deed
—
May 18, 2006
—
Wa-lincoln Executive Ctr LLC
Eop Operating
Warranty Deed
—
Nov 29, 1999
$13,368,000
Properties LP Spieker
Peula Associates Ltd
Grant Deed
—
Jun 29, 1998
$371,000
Petula Associates Ltd
Lincoln Executive Center LP
Grant Deed
—
Jun 29, 1998
$4,129,000
Principal Mutual Life Insuranc
Petula Associates Ltd
Trustees Deed
—
Jun 29, 1998
$800,000
Petula Associates Ltd
Lincoln Executive Center LP
Grant Deed
—
Jun 29, 1998
—
Principal Mutual Life Insuranc
Lincoln Executive Center
Trustees Deed
related
—
—
—
Lincoln Executive Center Belle
—
Deed Of Trust
related
$2,069,000 · Patrician Associates
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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