Entity Owned 
For Lease
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Contact for pricing
555 108Th Ave NE, Bellevue, WA 98004
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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
Current use
Occupant on record · Public records
-
Restaurant
-
Corporate Office
-
Corporate Office
-
Alternative Medicine Practice
-
Alternative Medicine Practice
Location
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
since 2025
7 recorded transactions
Zoning & alternative use
DNTNO-1 · Bellevue, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.27M
Value range
$2.04M – $2.50M
±10% around blend
Estimated value / SF
$345 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$2.04M
blend $2.27M
$2.50M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,575 SF
Lot area
2.03 ac
Year built
1943
Stories
42
APN
154410-0250
Zoning
DNTNO-1
Assessed value
$228,917,700
Annual tax
$1,618,458
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.36M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.55M
@ 6.5% CAP return
$2.36M
@ 7% CAP return
$2.19M
4
Sales comparison
Partial preview
Sales approach indication
$3.79M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.4 mi away · 8,027 SF
6.2 mi away · 5,448 SF
6.4 mi away · 4,660 SF
8.2 mi away · 6,721 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.27M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$548
-37%
Submarket 142 sales
$439
-21%
County 676 sales
$377
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $345/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$228.92M
Move the market yield to see immediate price impact.
Value / SF
$34,816
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$14.42M
$288.44M
$206.03M
$160.24M
$16.02M
$320.48M
$228.92M
$178.05M
$17.63M
$352.53M
$251.81M
$195.85M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$3.35M
4.4 mi · Oct 2025 · $672/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, WAZoning DNTNO-1 · permitted uses
DNTNO-1 · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DNTNO-1
Jurisdiction
Bellevue, WA
Recorded code
DNTNO-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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