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Property profile & analytics
OFF-MARKET
Estimated value
$20,615,000
Office buildings
3305 160th SE Ave Bellevue, WA 98008-6417
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0812619
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE
Total area
69,731 SF
Lot
3.9 ac (169,949 SF)
Zoning code
OLB2
APN
128362-0030
UPID
US90-0812619
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
-
T-Mobile Building 14 Corporate Office
-
Work-Eastgate Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.62M
Owner & transaction history
Egbw38r Owner LLC · 5 yrs held
Egbw38r Owner LLC
since 2021
Last sale
$20.5M
7 recorded transactions
Zoning & alternative use
OLB2 · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the OLB 2 District is to provide an area of integrated complexes made up of offices, hotels, or motels, eating and drinking establishments, and retail sales within walking distance to support business and employees.
Zone name
Office Limited Business 2
General category
COMMERCIAL
Zone area
230.06 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$32.0M
+4.5%
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
$16,500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,045,000
6.5%
$24,965,000
7%
$23,180,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$30,635,000
Current use
AUTO REPAIR, GARAGE
$32,010,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$27,545,000
Change: -10% · Conversion: Easy
RETAIL STORES
$27,355,000
Change: -11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$26,595,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$20.62M
Range $18.55M – $22.68M · ±10% · vs last sale $20.50M (Jul 2 2021)
Last sale anchor
$20.50M
Jul 2 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
$296 / 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
$160,752
Tax year 2022
Assessed value
$22,734,500
Assessed 2022
Previous assessed
$22,734,500
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$9,857,000
Assessed improvement
$12,877,500
Land market value
$9,857,000
Improvement market value
$12,877,500
Total market value
$22,734,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
69,731 SF
Lot
3.9 ac (169,949 SF)
Zoning code
OLB2
APN
128362-0030
UPID
US90-0812619
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OLB2 · Bellevue, WAZoning OLB2 · permitted uses
OLB2 · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the OLB 2 District is to provide an area of integrated complexes made up of offices, hotels, or motels, eating and drinking establishments, and retail sales within walking distance to support business and employees.
Zone name
Office Limited Business 2
General category
COMMERCIAL
Zone area
230.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$30.6M
AUTO REPAIR, GARAGE
Est. value
$32.0M
MEDICAL BUILDING
Est. value
$27.5M
RETAIL STORES
Est. value
$27.4M
INDUSTRIAL (GENERAL)
Est. value
$26.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1985
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
3
Lot
3.9 ac
Current owner
From public records · entity-resolved
Egbw38r Owner LLC
Entity
Mailing address
405 114TH AVE SE STE #300, BELLEVUE, WA 98004-6475
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
—
Egbw38r Owner LLC
The Boeing Company
Quit Claim Deed
related
—
Mar 26, 2018
$20,500,000
J & J Eastgate LLC
I-90 Bellevue II Invs LLC
Grant Deed
—
Jul 6, 2017
—
I-90 Bellevue Invs II LLC
—
Deed
related
$9,000,000 · Education Capital Solutions LLC Education Capital Solutions LLC
Jun 7, 2007
$12,714,689
I-90 Bellevue II Investments LLC
W2007 Seattle Office I-90 Bellevue
Bargain And Sale Deed
$8,835,000 · Citigroup Global Markets Realty Cor
Apr 24, 2007
$22,000,000
W2007 Seattle Office I-90 Bell
Wa-bellevue LLC
Grant Deed
—
Apr 10, 2006
—
Wa-bellevue LLC
Eop Operating
Warranty Deed
—
Jun 11, 2002
—
Boeing Co
Cc & F Investment Co LP
Quit Claim Deed
related
—
Aug 15, 1996
$16,050,000
Bellevue-newport Office Bldg
Tcep II Properties LP
Grant Deed
—
Jan 2, 1992
$8,400,000
Tcep Properties Jnt Vent II
Cwo/tcep II Jnt
Grant Deed
related
—
—
—
W2007 Seattle Office 1111 Th
—
Loan Modification
related
$462,487,746 · Wells Fargo Bk #2007-tfl2 (ce)
—
—
I-90 Bellevue Invs II LLC
—
Deed Of Trust
related
$9,000,000 · Education Capital Solutions LLC Education Capital Solutions LLC
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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