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Property profile & analytics
OFF-MARKET
Estimated value
$4,195,000
Medical Office Space
626 120th NE Ave Bellevue, WA 98005-3077
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0445718
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,790 SF
Lot
1.27 ac (55,321 SF)
Zoning code
O
APN
332505-9194
UPID
US90-0445718
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
-
Jiayu Shi, DDS, PhD Dental Office
-
Olivia C Kristof, DDS Dental Office
-
Dr. Amanda Norton Physician
-
Cascade Guided Wealth Financial Advisor
-
Anderson Sobel Cosmetic Surgery: Dr. Alexander W. Sobel Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.20M
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,900,000
6.5%
$5,445,000
7%
$5,055,000
Blend value · Realmo final
$4.20M
Range $3.78M – $4.61M · ±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
$193 / 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
$60,032
Tax year 2022
Assessed value
$8,488,400
Assessed 2022
Previous assessed
$8,488,400
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$5,255,400
Assessed improvement
$3,233,000
Land market value
$5,255,400
Improvement market value
$3,233,000
Total market value
$8,488,400
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
21,790 SF
Lot
1.27 ac (55,321 SF)
Zoning code
O
APN
332505-9194
UPID
US90-0445718
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
1980
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
10 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
—
Grant Deed
related
$13,500,000 · First Fin'l Nw Bk
Jun 13, 2017
$32,000,000
Sheens Bellevue One LLC
Park 120 Investments LLC
Trustees 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
Feb 2, 2004
—
Car Wash Enterprises INC
—
Deed Of Trust
related
$7,900,000 · Bank Of America
Jan 10, 1997
—
Car Wash Enterprises INC
—
Deed Of Trust
related
$5,700,000 · Seafirst Bank
Jan 8, 1997
$7,990,000
Car Wash Enterprises INC
International Brotherhood Pain
Grant Deed
—
—
—
Richard M Brashen
—
Deed Of Trust
related
$84,231 · Pacific First Fsb
—
—
Ib,mortgage
—
Deed Of Trust
related
$142,000 · Ib Mortgage Network
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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