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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Assisted living facilities
933 111th NE Ave Bellevue, WA 98004-4486
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US90-0820143
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
108,120 SF
Lot
1.35 ac (58,686 SF)
Zoning code
DNTN-R
APN
140330-0155
UPID
US90-0820143
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
-
The Gardens At Town Square Retirement Community
-
Harriage Garage Door Repair- Garage Spring & Opener Service Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Gardens At Town Square LLC · 29 yrs held
Gardens At Town Square LLC
since 1997
7 recorded transactions
Zoning & alternative use
DNTN-R · 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
$25 / 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
$381,939
Tax year 2022
Assessed value
$54,020,000
Assessed 2022
Previous assessed
$54,020,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$27,875,800
Assessed improvement
$26,144,200
Land market value
$27,875,800
Improvement market value
$26,144,200
Total market value
$54,020,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
4
Units
170
Total area
108,120 SF
Lot
1.35 ac (58,686 SF)
Zoning code
DNTN-R
APN
140330-0155
UPID
US90-0820143
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DNTN-R · Bellevue, WA
Zoning DNTN-R · permitted uses
DNTN-R · 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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
4
Units
170
Lot
1.35 ac
Current owner
From public records · entity-resolved
Gardens At Town Square LLC
Entity
Mailing address
400 UN ST, SEATTLE, WA 98101-2502
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Belle Vue Gardens LLC
—
Deed
related
$33,000,000 · Protective Life Insurance Co
Sep 27, 2007
—
Bellevue Gardens LLC
—
Trustees Deed
related
$8,103,000 · Pnc Arcs LLC
Oct 1, 2002
—
Bellevue Gardens LLC
—
Deed Of Trust
related
$21,750,000 · Arcs Commercial Mortgage Co LP
Nov 26, 1997
—
Gardens At Town Square LLC
—
Deed Of Trust
related
$18,975,000 · Us Bank
May 29, 1997
—
Gardens At Town Square LLC
Mastro,michael R
Grant Deed
$2,250,000 · Us Bank
—
—
Michael R Mastro
—
Deed Of Trust
related
$2,000,000 · Frontier Bank
—
—
Bellevue Gardens LLC
—
Deed Of Trust
related
$25,200,000 · Pnc 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.
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