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Property profile & analytics
FOR LEASE
Office buildings
3605 132Nd Ave SE, Bellevue, WA 98006
Individually Owned
10-yr Hold
Free & Clear
Property ID
US90-1155521
For Lease
$30 SF/Yr
3605 132Nd Ave SE, Bellevue, WA 98006
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
CONCRETE
Total area
202,454 SF
Lot
1.8 ac (78,451 SF)
Zoning code
F3
APN
606763-0010
UPID
US90-1155521
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
-
AAA Washington Insurance Agency - Business Insurance Division Insurance Agency
-
AAA Washington - Headquarters - No Services Insurance Agency
-
Quilt Seminars at Sea Travel Agency Tour Operator
-
AAA Washington Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Aaa Washington · 10 yrs held
Aaa Washington
since 2016
4 recorded transactions
Zoning & alternative use
F3 · 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
$7 / 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
$261,113
Tax year 2022
Assessed value
$36,930,000
Assessed 2022
Previous assessed
$36,930,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$3,844,000
Assessed improvement
$33,086,000
Land market value
$3,844,000
Improvement market value
$33,086,000
Total market value
$36,930,000
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
1984
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
4
Total area
202,454 SF
Lot
1.8 ac (78,451 SF)
Zoning code
F3
APN
606763-0010
UPID
US90-1155521
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F3 · Bellevue, WA
Zoning F3 · permitted uses
F3 · 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
1984
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
4
Lot
1.8 ac
Current owner
From public records · entity-resolved
Aaa Washington
Individual
Free & Clear · 10 yrs held
Mailing address
3605 132ND AVE SE, BELLEVUE, WA 98006-1325
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2016
—
Aaa Washington
—
Deed
related
$21,500,000 · Wells Fargo Bank NA
Jun 22, 2016
—
Aaa Washington
Epc Holdings 864 LLC
Grant Deed
—
Jan 21, 2016
$29,075,000
Epc Holdings 864 LLC
Newport Corp Center LLC
Grant Deed
—
Jan 4, 2005
—
Newport Corporate Center LLC
Newport Reit INC
Quit Claim Deed
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.
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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