New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,455,000
Office buildings
616 120th NE Ave, Bellevue, WA 98005-3078
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0389112
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,790 SF
Lot
1.27 ac (55,180 SF)
Zoning code
O
APN
332505-9196
UPID
US90-0389112
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
-
northwest chinese school chinese new year sale ended! Training Center Tutoring Service
-
Dr. Rumen Slavkov, MD Physician
-
Hanger Clinic: Prosthetics & Orthotics Orthotics & Prosthetics Service Medical Clinic
-
Electrical permit Housing Development
-
Electrical Inspections State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.46M
Owner & transaction history
Sheens Bellevue One LLC · 9 yrs held
Sheens Bellevue One LLC
since 2017
7 recorded transactions
Zoning & alternative use
O · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$204 / 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
$59,033
Tax year 2022
Assessed value
$8,347,100
Assessed 2022
Previous assessed
$8,347,100
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$5,242,100
Assessed improvement
$3,105,000
Land market value
$5,242,100
Improvement market value
$3,105,000
Total market value
$8,347,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
21,790 SF
Lot
1.27 ac (55,180 SF)
Zoning code
O
APN
332505-9196
UPID
US90-0389112
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O · Bellevue, WA
Zoning O · permitted uses
O · 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.
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
Sheens Bellevue One LLC
Entity
Mailing address
400 10TH AVE, SEATTLE, WA 98122-5359
Ownership since
2017
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
Dec 16, 2020
—
Sheen S Bellevue One LLC
—
Deed
related
$14,500,000 · First Financial Northwest Bank
Nov 21, 2017
—
Sheens Bellevue One LLC
—
Deed
related
$13,500,000 · First Fin'l Nw Bk
Jun 13, 2017
$32,000,000
Sheens Bellevue One LLC
Park 120 Investments LLC
Warranty Deed
$20,000,000 · Park 120 Investments LLC
May 10, 2010
$12,000,000
Park 120 Investments LLC
Regional Te Svcs Corp
Trustees Deed
related
—
Jan 17, 2008
$17,250,000
Michael R Mastro
Car Wash Enterprises INC
Warranty Deed
$12,950,000 · Chinatrust Bank
Jan 8, 1997
$7,990,000
Car Wash Enterprises INC
International Brotherhood Pain
Grant Deed
—
—
—
Victor Vanvalin
—
Deed Of Trust
related
$100,000 · Vanvalin Barbara
—
—
Michael R Mastro
—
Deed Of Trust
related
$3,000,000 · Frontier Bank
—
—
Car Wash Enterprises INC
—
Deed Of Trust
related
$7,900,000 · Bank Of America
—
—
Sheens Bellevue One LLC
—
Deed Of Trust
related
$13,500,000 · First Fin'l Nw Bk
—
—
Car Wash Enterprises INC
—
Deed Of Trust
related
$5,700,000 · 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.
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 616 120th 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.
