New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,860,000
Office buildings
700 112th NE Ave, Bellevue, WA 98004-5106
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1766825
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
STEEL FRAME
Total area
29,752 SF
Lot
1.8 ac (78,284 SF)
Zoning code
DT-OLB-C
APN
322505-9003
UPID
US90-1766825
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
-
Kimberly Merino Windermere Real Estate Real Estate Agency
-
Kischel Law Firm Law Firm
-
John T Law, PLLC Law Firm
-
Petrenko Law Firm Law Firm
-
Amity Legal Associates, PS Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.86M
Owner & transaction history
700 112th LLC · 4 yrs held
700 112th LLC
since 2022
5 recorded transactions
Zoning & alternative use
DT-OLB-C · 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%
$11,540,000
6.5%
$10,650,000
7%
$9,890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,315,000
Current use
RESTAURANT
$15,785,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,165,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,660,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$9.86M
Range $8.87M – $10.85M · ±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
$331 / 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
$359,778
Tax year 2022
Assessed value
$50,885,600
Assessed 2022
Previous assessed
$50,885,600
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$50,884,600
Assessed improvement
$1,000
Land market value
$50,884,600
Improvement market value
$1,000
Total market value
$50,885,600
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
1968
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Total area
29,752 SF
Lot
1.8 ac (78,284 SF)
Zoning code
DT-OLB-C
APN
322505-9003
UPID
US90-1766825
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DT-OLB-C · Bellevue, WA
Zoning DT-OLB-C · permitted uses
DT-OLB-C · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.3M
RESTAURANT
Est. value
$15.8M
COMMERCIAL (GENERAL)
Est. value
$15.2M
AUTO REPAIR, GARAGE
Est. value
$13.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Lot
1.8 ac
Current owner
From public records · entity-resolved
700 112th LLC
Entity
Free & Clear · 4 yrs held
Mailing address
700 112TH AVE NE, BELLEVUE, WA 98004-5106
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
700 112th LLC
Seven Hundred Investment Company
Quit Claim Deed
related
—
Oct 1, 2008
—
State Of Wa/dept/transportation
Central Puget Sound Regional T
Quit Claim Deed
related
—
Dec 6, 2007
—
City Of Bellevue
Central Puget Sound Regional T
Quit Claim Deed
related
—
Jan 3, 2005
—
700 112th LLC
Seven Hundred Investment
Grant Deed
—
—
—
Seven Hundred Investment Co
—
Deed Of Trust
related
$1,058,000 · 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 700 112th 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.
