New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,740,000
Specialty properties
4455 148th NE Ave, Bellevue, WA 98007-3120
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-0704059
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1973
Construction
WOOD
Total area
254,820 SF
Lot
10.14 ac (441,817 SF)
Zoning code
R-20
APN
152505-9046
UPID
US90-0704059
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
-
Counseling Center at PRO Club Psychologist Counselor
-
Marilyn Shannon, PT Physician
-
Hope Heart Institute Hospital
-
Pilates at PRO Club Gym & Fitness Center
-
Yoga at PRO Club Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.80M
Blend (final)
Blend
$11.74M
Owner & transaction history
Professional Recreation Organizatio · 2 yrs held
Professional Recreation Organizatio
since 2023
Last sale
$11.9M
6 recorded transactions
Zoning & alternative use
R-20 · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.5M
+1.3%
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
$11,365,000
ML approach
$9,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$16,305,000
Current use
AUTO REPAIR, GARAGE
$16,525,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$16,105,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$13,545,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$11.74M
Range $10.57M – $12.91M · ±10% · vs last sale $11.92M (Dec 4 2023)
Last sale anchor
$11.92M
Dec 4 2023
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
$46 / 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
$411,085
Tax year 2022
Assessed value
$58,142,100
Assessed 2022
Previous assessed
$58,142,100
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$19,881,700
Assessed improvement
$38,260,400
Land market value
$19,881,700
Improvement market value
$38,260,400
Total market value
$58,142,100
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
OTHER
Buildings
2
Stories
4
Total area
254,820 SF
Lot
10.14 ac (441,817 SF)
Zoning code
R-20
APN
152505-9046
UPID
US90-0704059
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-20 · Bellevue, WA
Zoning R-20 · permitted uses
R-20 · 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.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$16.3M
AUTO REPAIR, GARAGE
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$16.1M
RETAIL STORES
Est. value
$13.5M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1973
Construction
WOOD
Heating
OTHER
Stories
4
Buildings
2
Lot
10.14 ac
Current owner
From public records · entity-resolved
Professional Recreation Organizatio
Individual
Free & Clear · 2 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
Professional Recreation Organizatio
—
Deed
related
$635,000 · Morgan Stanley Senior Funding INC
Dec 4, 2023
$11,924,000
Professional Recreation Organizatio
Gaviota LLC
Bargain And Sale Deed
—
Dec 4, 2023
—
Professional Recreation Organizatio
Professional Recreation Organizatio
Intrafamily Transfer
related
—
Jan 2, 2007
—
Organi Professional Recreation
Professional Recreation Assocs
Quit Claim Deed
related
—
—
—
Assoc Professional Recreation
—
Deed Of Trust
related
$30,000 · Us Bank NA
—
—
Assoc Professional Recreation
—
Deed Of Trust
related
$2,200,000 · West One Bank Washington
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?”
You own 4455 148th NE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
