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

    5629 119th SE Ave Bellevue, WA 98006-3715

    • Warehouses
    • 24,477 SF
    • 1.72 lot acres
    OFF-MARKET
    Value Estimations
    $2,390,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0684194
    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

    • S-Mart Asian Supermarket / Asian Grocery Store / Chinese Supermarket

    Property Details for 5629 119th SE Ave

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.72 lot acres
    Property size
    24,477 SF
    Zone code
    NB
    Property type
    Warehouses
    APN
    212405-9045
    APU
    2124059045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.18
    Latitude
    47.552
    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
    $17,020
    $1,570,800
    $736,600
    $2,307,400
    -
    $1,570,800
    $736,600
    $2,307,400

    Comparable in this City

    • Value Estimation
      $8,290,000
      75,645 SF

      4041 124th SE Ave

      MINI-WAREHOUSE, STORAGE • 75,645 SF
      4041 124th SE Ave, Bellevue, WA 98006-1245
      View Details
    • Value Estimation
      $4,250,000
      43,164 SF

      6860 Coal Crk Pkwy

      WAREHOUSE, STORAGE • 43,164 SF
      6860 Coal Crk Pkwy, Bellevue, WA 98006
      View Details
    • Value Estimation
      $1,835,000
      19,402 SF

      7211 132nd SE Pl

      MANUFACTURING (LIGHT) • 19,402 SF
      7211 132nd SE Pl, Bellevue, WA 98006
      View Details
    • Value Estimation by Request
      480 SF

      6512 173rd SE Ave

      INDUSTRIAL (GENERAL) • 480 SF
      6512 173rd SE Ave, Bellevue, WA 98006
      View Details
    • Value Estimation by Request
      850 SF

      15419 53rd Pl

      HEAVY MANUFACTURING • 850 SF
      15419 53rd Pl, Bellevue, WA 98006-5109
      View Details
    • Value Estimation by Request
      368 SF

      14509 Newport Way

      HEAVY MANUFACTURING • 368 SF
      14509 Newport Way, Bellevue, WA 98006-1514
      View Details

    Similar Nearby for Sale

    • $30,000,000
      9,711 SF

      Bellevue Office Building For Sale

      86,524 SF office building in Bellevue, Washington for sale.
      3600 136Th Pl SE, Bellevue, WA 98006
      View Details
    • $500,000

      Lakemont Bellevue Land Investment Opportunity

      1.36 acre lot in desirable Lakemont community.
      70 Lakemont Blvd, Bellevue, WA 98006
      View Details
    • $495,000
      1,060 SF

      Bellevue Condo with Private Deck

      Inviting 2-bed condo in Factoria, convenient location.
      3990 129Th Pl SE, Bellevue, WA 98006
      View Details
    • $49,000

      Residential Land in Bellevue

      Land parcel in established Bellevue neighborhood with utilities.
      4684 152Nd Pl, Bellevue, WA 98006
      View Details
    • $2,740,000

      Multi-Tenant Commercial Asset For Sale

      Fully leased commercial property in Bellevue's Factoria neighborhood.
      4317 Factoria Blvd SE, Bellevue, WA 98006
      View Details
    • $880,000

      Bellevue Lot Near I-90

      Residential lot available in Bellevue, close to Seattle and Bellevue.
      16160 SE 45Th St, Bellevue, WA 98006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      512,104 SF

      Factoria Marketplace Retail Spaces

      Bellevue retail space, multiple units available.
      0 Factoria Blvd, Bellevue, WA 98006
      View Details
    • $4,250 /Mo
      2,420 SF

      Spacious Two-Story Home For Rent

      Two-story home featuring vaulted ceilings, new carpets, and fenced backyard.
      11731 SE 60Th Pl, Bellevue, WA 98006
      View Details
    • $35 SF/Yr
      1,320 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      3535 Factoria Blvd Southeast, Bellevue, WA 98006
      View Details
    • $25 SF/Yr
      12,705 SF

      Bellevue Office Space For Rent

      Office space with immediate access to I-405 and I-90.
      3633 136Th Pl SE, Bellevue, WA 98006
      View Details
    • $15,000 /Mo
      5,608 SF

      Lake Washington Waterfront Home

      Ralph Anderson designed NW contemporary home with 115 ft waterfront.
      88 Cascade Ky, Bellevue, WA 98006
      View Details
    • $29 SF/Yr
      43,707 SF

      I-90 Park Plaza Office Space

      Bellevue Office Building, 3,590 SF Available
      14405 36Th St, Bellevue, WA 98006
      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.
    5629 119th SE Ave
    Bellevue, WA 98006-3715
    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.