New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,620,000
Hotels
900 Bellevue NE Way, Bellevue, WA 98004-4206
Individually Owned
38-yr Hold
Free & Clear
Property ID
US90-1198257
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Construction
STEEL FRAME
Total area
354,060 SF
Lot
0.89 ac (38,694 SF)
Zoning code
DT-O-2-N
APN
292505-9103
UPID
US90-1198257
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
-
BEST in SHOW WALK Dog Walker
-
Hyatt Regency Bellevue On Seattle's Eastside Hotel & Motel
-
GeoSpatial Innovations (Bike/Boat/Book/etc) Store Corporate Office
-
Encore Marketing & Advertising Event Planning
-
PACE Discovery Center Conference Center Trade Show Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.62M
Owner & transaction history
Bellevue Place Hotel · 38 yrs held
Bellevue Place Hotel
since 1988
3 recorded transactions
Zoning & alternative use
DT-O-2-N · 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
$44 / 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
$832,978
Tax year 2022
Assessed value
$117,816,600
Assessed 2022
Previous assessed
$117,816,600
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$29,020,500
Assessed improvement
$88,796,100
Land market value
$29,020,500
Improvement market value
$88,796,100
Total market value
$117,816,600
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
24
Total area
354,060 SF
Lot
0.89 ac (38,694 SF)
Zoning code
DT-O-2-N
APN
292505-9103
UPID
US90-1198257
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DT-O-2-N · Bellevue, WA
Zoning DT-O-2-N · permitted uses
DT-O-2-N · 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
1988
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
24
Lot
0.89 ac
Current owner
From public records · entity-resolved
Bellevue Place Hotel
Individual
Free & Clear · 38 yrs held
Mailing address
575 BELLEVUE SQ, BELLEVUE, WA 98004-5031
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2019
—
Bellevue Place Hotel LLC
—
Grant Deed
related
$215,000,000 · Metlife R/e Lndg LLC
Feb 23, 1988
$3,100,000
Bellevue Place Hotel
Bellevue Propert
Grant Deed
related
—
—
—
Bellevue Place Hotel LP
—
Deed Of Trust
related
$32,000,000 · Teachers Insurance & Annuity
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 900 Bellevue NE Way?
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.
