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Property profile & analytics
FOR LEASE
Office buildings
555 108Th Ave NE, Bellevue, WA 98004
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1661759
For Lease
1 / 2
$2,270,000
555 108Th Ave NE, Bellevue, WA 98004
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1943
Construction
STEEL FRAME
Total area
6,575 SF
Lot
2.03 ac (88,249 SF)
Zoning code
DNTNO-1
APN
154410-0250
UPID
US90-1661759
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
-
Pinstripes Restaurant
-
Amazon Sonic Corporate Office
-
Amazon Sonic (SEA112) Corporate Office
-
Michelle D. Irwin, DC Alternative Medicine Practice
-
Kho-Hay A. Enos, LMP Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Bellevue Investors II De LLC
Bellevue Investors II De LLC
since 2025
7 recorded transactions
Zoning & alternative use
DNTNO-1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,550,000
6.5%
$2,355,000
7%
$2,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,605,000
Current use
RESTAURANT
$3,490,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,350,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,020,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10%
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
$345 / 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
$1,618,458
Tax year 2022
Assessed value
$228,917,700
Assessed 2022
Previous assessed
$228,917,700
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$68,392,900
Assessed improvement
$160,524,800
Land market value
$68,392,900
Improvement market value
$160,524,800
Total market value
$228,917,700
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
1943
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
OTHER
Stories
42
Total area
6,575 SF
Lot
2.03 ac (88,249 SF)
Zoning code
DNTNO-1
APN
154410-0250
UPID
US90-1661759
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DNTNO-1 · Bellevue, WA
Zoning DNTNO-1 · permitted uses
DNTNO-1 · 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
OFFICE BUILDING Current
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1943
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
42
Lot
2.03 ac
Current owner
From public records · entity-resolved
Bellevue Investors II De LLC
Entity
Mailing address
505 5TH AVE S STE #900, SEATTLE, WA 98104-3821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 9, 2025
—
Bellevue Investors II De LLC
Bellevue Investors II LLC
Bargain & Sale Deed
$563,500,000 · Forethought Life Insurance Company
Jul 21, 2020
—
Bellevue Investors It LLC
—
Deed
related
$598,570,551 · Wells Fargo Bank NA
Sep 17, 2019
—
Bellevue Investors III LLC
Bellevue Investors III LLC
Quit Claim Deed
related
—
Jul 5, 2017
$24,255,000
Bellevue Investors III LLC
Niu Ents II LLC
Grant Deed
—
Jul 6, 2016
$5,750,000
Jlw 108th Avenue Invs LLC
Niu Ents II LLC
Warranty Deed
—
Jul 6, 2016
$17,810,000
Jlw 108th Avenue Invs LLC
Niu Ents III LLC
Warranty Deed
—
Jul 6, 2016
—
Niu Enterprises II LLC
—
Deed
related
$3,423,683 · Jlw 108th Avenue Investments LLC
Jun 3, 2013
$31,000,000
Niu Ents II LLC
Im Plaza LLC
Grant Deed
$25,000,000 · Im Plaza LLC
Dec 30, 2010
—
Im Plaza LLC
Walter,milton R & Sue M
Warranty Deed
—
—
—
Im Plaza LLC
—
Deed Of Trust
related
$5,000,000 · Washington Trust Bank
—
—
Milton R Walter
—
Deed Of Trust
related
$550,000 · Seafirst Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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