Back to Search
Property profile & analytics
FOR LEASE
Office buildings
3326 160Th Ave SE Bellevue, WA 98008
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0951066
For Lease
Contact for pricing
3326 160Th Ave SE, Bellevue, WA 98008
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
121,380 SF
Lot
3.65 ac (158,922 SF)
Zoning code
OLB2
APN
128359-0010
UPID
US90-0951066
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
-
Great American Insurance Co Insurance Agency
-
Minemo Gold Fields Ltd Business Broker
-
Regency Pacific Management Nursing Home Retirement Community
-
Prokarma Inc Corporate Office
-
Radical Ignition, Inc. Employment Agency Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.01M
Owner & transaction history
Smd I LLC · 4 yrs held
Smd I LLC
since 2022
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
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
$19,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.01M
Range $18.00M – $22.01M · ±10% · vs last sale $20.53M (May 24 2022)
Last sale anchor
$20.53M
May 24 2022
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
$165 / 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
$186,165
Tax year 2022
Assessed value
$26,329,000
Assessed 2022
Previous assessed
$26,329,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$9,217,400
Assessed improvement
$17,111,600
Land market value
$9,217,400
Improvement market value
$17,111,600
Total market value
$26,329,000
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
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
4
Total area
121,380 SF
Lot
3.65 ac (158,922 SF)
Zoning code
OLB2
APN
128359-0010
UPID
US90-0951066
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
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
4
Lot
3.65 ac
Current owner
From public records · entity-resolved
Smd I LLC
Entity
Free & Clear · 4 yrs held
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
—
Smd I LLC
Kenyon Center LLC
Quit Claim Deed
related
—
Jul 2, 2021
—
Egbw38r Owner LLC
The Boeing Company
Quit Claim Deed
related
—
Jun 13, 2018
—
Bellevue East LLC
—
Deed
related
$5,000,000 · Wells Fargo Bank NA
Jun 11, 2002
—
Boeing Co
Cc & F Investment Co LP
Quit Claim Deed
related
—
Oct 24, 2000
—
Kenyon Center LLC
Midas Way Property Co
Quit Claim Deed
related
—
Sep 5, 2000
$20,525,000
Midas Way Property Co
Bedford Property Investors INC
Grant Deed
—
Sep 5, 1996
$12,155,963
Bedford Property Investo Bedford
Kenyon Center Investment Co
Grant Deed
—
—
—
Bedford Property Investors INC
—
Deed Of Trust
related
$25,000 · Union Bank Of California
—
—
Kenyon Center LLC
—
Deed Of Trust
related
$10,200,000 · State Farm Life Insurance Co
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
