Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    401 Ballarat N Ave North Bend, WA 98045-8191

    • Office buildings
    • 2,529 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0233821
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Friends of Youth: Youth and Family Services / Medical Clinic
    • Alisha Wilkes / Midwife / Nurse Practitioner

    Property Details for 401 Ballarat N Ave

    Year built
    2010
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    2,529 SF
    Zone code
    NB
    Property type
    Office buildings
    APN
    380800-0226
    APU
    3808000226

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $955,000
      Current use
      MEDICAL BUILDING
      $1,000,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $990,000
      Change: +4% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Bend
    County
    King
    State
    Washington
    Longitude
    -121.782
    Latitude
    47.4969
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,087 SF

      43438 Sen Bnd Way

      OFFICE BUILDING • 2,087 SF
      43438 Sen Bnd Way, North Bend, WA 98045-9295
      View Details
    • Value Estimation by Request
      1,110 SF

      301 Bendigo N Blvd

      OFFICE BUILDING • 1,110 SF
      301 Bendigo N Blvd, North Bend, WA 98045-8260
      View Details
    • Value Estimation by Request
      1,080 SF

      107 Sydney N Ave

      OFFICE BUILDING • 1,080 SF
      107 Sydney N Ave, North Bend, WA 98045-8257
      View Details
    • Value Estimation by Request
      1,280 SF

      134 Sydney N Ave

      OFFICE BUILDING • 1,280 SF
      134 Sydney N Ave, North Bend, WA 98045-8257
      View Details
    • Value Estimation
      $1,185,000
      6,396 SF

      213 Bendigo N Blvd

      OFFICE BUILDING • 6,396 SF
      213 Bendigo N Blvd, North Bend, WA 98045-8259
      View Details
    • Value Estimation
      $915,000
      5,015 SF

      349 3rd St

      OFFICE BUILDING • 5,015 SF
      349 3rd St, North Bend, WA 98045-8250
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Versatile Office/Retail Building For Sale

      Office/retail property with visibility, access, and mountain views.
      349 E 3Rd St, North Bend, WA 98045
      View Details
    • $495,000
      684 SF

      Top-Floor Condo with Mountain Views

      Modern condo with mountain views, park access, and garage.
      1970 SE 12Th Ct, North Bend, WA 98045
      View Details
    • $515,000

      North Bend Acreage Ready to Build

      Shy 7-acre parcel with approved permits near North Bend.
      44701 SE Edgewick Rd, North Bend, WA 98045
      View Details
    • $874,900
      1,928 SF

      Iconic Tavern Building with Home

      Historic tavern with adjacent home, mountain views, and upgrades.
      45526 North Bend Way, North Bend, WA 98045
      View Details
    • $1,999,999

      North Bend Acreage with Cabin

      49.75 acres with cabin, water, and power in North Bend.
      15901 Cedar Falls Rd, North Bend, WA 98045
      View Details
    • $516,500

      North Bend Mixed-Use Land Parcel

      0.79 acre mixed-use parcel with freeway access and high visibility.
      450 North Bend Way, North Bend, WA 98045
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      115,575 SF

      New Industrial Building Near I-90

      New construction warehouse with excellent I-90 access, ready for occupancy.
      44003 SE Tanner Rd, North Bend, WA 98045
      View Details
    • $2,875 /Mo
      1,080 SF

      Wilderness Rim Rambler for Rent

      Charming 3 bed, 2 bath rambler in Wilderness Rim.
      43304 SE 173Rd St, North Bend, WA 98045
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    401 Ballarat N Ave
    North Bend, WA 98045-8191
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.