Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 108th NE Ave Bellevue, WA 98004-5102
    Back to Search
    Property profile & analytics

    700 108th NE Ave Bellevue, WA 98004-5102

    View on Map
    • Office buildings
    • 16,319 SF
    • 0.61 lot acres
    For Lease
    $30 SF/Yr
    View Listing →
    Bellevue Office Space Available For Lease
    $30 SF/Yr
    5,500 SF

    Bellevue Office Space Available

    5,500 SF office space for lease in Bellevue, WA.

    700 108th Ave NE, Bellevue, WA
    View Listing
    Property ID
    US90-0496234
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Farmers Insurance - Llew Johnson / Insurance Agency
    • Farmers Insurance - Dale Yamamoto / Insurance Agency
    • Pc Northwest Inc / Business Management Consultant
    • Eiscc / Charitable Organization / Social Service Agency
    • Bradford Building / Construction Company

    Property Details for 700 108th NE Ave

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.61 lot acres
    Property size
    16,319 SF
    Zone code
    DNTNO-1
    Property type
    Office buildings
    APN
    322505-9076
    APU
    3225059076

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,330,000
      6.5%
      $5,840,000
      7%
      $5,425,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,950,000
      Current use
      RESTAURANT
      $8,660,000
      Change: -3% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $8,320,000
      Change: -7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $7,490,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.196
    Latitude
    47.6165
    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
    $144,529
    $20,439,000
    $1,000
    $20,440,000
    -
    $20,439,000
    $1,000
    $20,440,000

    Comparable in this City

    • Value Estimation
      $8,280,000
      47,411 SF

      1417 116th NE Ave

      OFFICE BUILDING • 47,411 SF
      1417 116th NE Ave, Bellevue, WA 98004-3821
      View Details
    • Value Estimation
      $3,865,000
      16,200 SF

      845 106th NE Ave

      OFFICE BUILDING • 16,200 SF
      845 106th NE Ave, Bellevue, WA 98004-4308
      View Details
    • Value Estimation
      $14,560,000
      493,400 SF

      411 108th NE Ave

      OFFICE BUILDING • 493,400 SF
      411 108th NE Ave, Bellevue, WA 98004-8404
      View Details
    • Value Estimation
      $15,550,000
      629,094 SF

      225 108th NE Ave

      OFFICE BUILDING • 629,094 SF
      225 108th NE Ave, Bellevue, WA 98004-5771
      View Details
    • Value Estimation
      $3,885,000
      11,570 SF

      10112 10th St

      OFFICE BUILDING • 11,570 SF
      10112 10th St, Bellevue, WA 98004-4156
      View Details
    • Value Estimation
      $18,700,000
      672,713 SF

      777 108th NE Ave

      OFFICE BUILDING • 672,713 SF
      777 108th NE Ave, Bellevue, WA 98004-5130
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Bellevue Multi-Tenant Office Building

      Well-located office building near Bellevue CBD with investment potential.
      1500 112Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      24,985 SF

      Bellevue Office Space Available

      Office building with 24,985 square feet available for rent.
      2229 112Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      12,575 SF

      Bellevue Office Space Available

      Office space featuring private offices, conference room, and kitchenette.
      3805 108Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      1,238 SF

      Medical/Retail Condo Unit For Sale

      Medical/Retail condo available for immediate occupancy with prominent signage.
      1106 108Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      9,202 SF

      Bellevue Office Building For Sale

      9,202 SF Owner-User Opportunity
      1416 112th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      30,654 SF

      Bellevue Covered Land Opportunity

      2.54-acre site with redevelopment potential in Bellevue.
      3003 Northup Way, Bellevue, WA 98004
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      1,040 SF

      Boutique Office Building For Rent

      High-image office building with excellent parking and convenient access.
      11555 8Th St, Bellevue, WA 98004
      View Details
    • Contact for pricing
      30,659 SF

      Bellevue Office Space Available Now

      Office space for rent with excellent freeway access and parking.
      301 116Th Ave Southeast, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Bellevue Office Space with Views

      Impressive 24-story building with Seattle skyline views for rent.
      10900 NE 4Th St, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Premier Office Space in Bellevue

      Dynamic downtown location with premier office space and unmatched amenities.
      222 112Th Ave NE, Bellevue, WA 98004
      View Details
    • Contact for pricing
      7,711 SF

      Class A Office in Bellevue

      High-image office building near downtown Bellevue with modern finishes.
      11100 Northeast 8Th St, Bellevue, WA 98004
      View Details
    • Contact for pricing

      Yarrow Bay Office Building

      Office building in a tranquil, park-like setting with ample parking.
      3805 108Th Ave NE, Bellevue, WA 98004
      View Details
    View Listing
    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.
    700 108th NE Ave
    Bellevue, WA 98004-5102
    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

    Thank You for Inquiry
    700 108th NE Ave, Bellevue, WA, 98004
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!