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Property profile & analytics
OFF-MARKET
Estimated value
$7,800,000
Office buildings
805 156th NE Ave, Bellevue, WA 98007-4614
Individually Owned
~
Est. High Equity
Property ID
US90-1135301
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,672 SF
Lot
2.72 ac (118,489 SF)
Zoning code
O
APN
262505-9176
UPID
US90-1135301
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
-
Washington Vocational Rehabilitation Employment Agency
-
Washington State Department of Social and Health Services Office Department Of Social Services
-
King East DCFS Office Government Office
-
Shell Recharge Charging Station Electric Vehicle Charging Station
-
Electric Circuit Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.80M
Owner & transaction history
State Of Washington
State Of Washington
since 2025
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
$183 / 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
$67,561
Tax year 2022
Assessed value
$9,553,300
Assessed 2022
Previous assessed
$9,553,300
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$9,479,100
Assessed improvement
$74,200
Land market value
$9,479,100
Improvement market value
$74,200
Total market value
$9,553,300
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
42,672 SF
Lot
2.72 ac (118,489 SF)
Zoning code
O
APN
262505-9176
UPID
US90-1135301
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 41468, OLYMPIA, WA 98504-1468
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
State Of Washington
Srcx LLC
Deed
—
Dec 9, 2022
—
State Of Washington
Srcx LLC
Lease
—
Aug 12, 2022
—
State Of Washington
Srcx LLC
Lease
—
May 10, 2016
—
Srcx LLC
—
Deed
related
$9,150,000 · Boeing Emps Cu
Mar 30, 2010
—
Srcx LLC
—
Deed Of Trust
related
$2,800,000 · Foundation Bank
Nov 1, 2005
$4,630,000
Srcx LLC
Puget Sound Energy INC
Warranty Deed
$8,900,000 · Intervest Mortgage Co LLC
—
—
Jcl Associates LLC
—
Deed Of Trust
related
$950,000 · Foundation Bank
—
—
Srcx LLC
—
Deed Of Trust
related
$9,150,000 · Boeing Emps Cu
—
—
Srcx LLC
—
Deed Of Trust
related
$8,900,000 · Artesia Mortgage Capital Corp
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
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