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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Bellevue, WA 98005

    • Commercial real estate
    • 11,090 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1311635
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.74 lot acres
    Property size
    11,090 SF
    Zone code
    BR-RC-1
    Property type
    Commercial real estate
    APN
    282505-9178
    APU
    2825059178

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    King
    State
    Washington
    Longitude
    -122.169
    Latitude
    47.6242
    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
    $19
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      10,560 SF

      1817 130th NE Ave

      COMMERCIAL (GENERAL) • 10,560 SF
      1817 130th NE Ave, Bellevue, WA 98005-2225
      View Details
    • Value Estimation
      $530,000
      8,400 SF

      13285 20th St

      COMMERCIAL (GENERAL) • 8,400 SF
      13285 20th St, Bellevue, WA 98005-2009
      View Details
    • Value Estimation
      $460,000
      16,296 SF

      13107 20th St

      COMMERCIAL (GENERAL) • 16,296 SF
      13107 20th St, Bellevue, WA 98005-2018
      View Details
    • Value Estimation
      $470,000
      11,512 SF

      12015 8th St

      COMMERCIAL (GENERAL) • 11,512 SF
      12015 8th St, Bellevue, WA 98005-3141
      View Details
    • Value Estimation
      $245,000
      4,111 SF

      13830 Bel Red Rd

      COMMERCIAL (GENERAL) • 4,111 SF
      13830 Bel Red Rd, Bellevue, WA 98005-4520
      View Details
    • Value Estimation
      $310,000
      17,680 SF

      2255 140th NE Ave

      COMMERCIAL (GENERAL) • 17,680 SF
      2255 140th NE Ave, Bellevue, WA 98005-1875
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Bellevue Office Space Available

      Office building located at 3 Lake Bellevue Dr, Bellevue, WA.
      3 Lake Bellevue Dr, Bellevue, WA 98005
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      12,634 SF

      Bellevue Medical Office Building

      Fully Leased Medical Office, Prime Location
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    • $225,000

      Kent Land Development Opportunity

      Development potential in growing Kent location near Meridian Valley Country Club.
      24115 132Nd Ave, Kent, WA 98005
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    • Contact for pricing

      Redevelopment Opportunity in Bellevue, WA

      48,474 SF retail property on 2.69 acres for sale.
      12001-12005 NE 12Th St, Bellevue, WA 98005
      View Details
    • $3,890,000
      5,590 SF

      Bellevue Office Building For Sale

      Office building with flexible lease terms and excellent connectivity.
      13417 20Th St, Bellevue, WA 98005
      View Details
    • $7,100,000
      17,018 SF

      Bellevue Medical Office Building

      Prime Bellevue location, strong tenancy.
      2330 130Th Ave, Bellevue, WA 98005
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,552 SF

      Bellevue Office Space Available

      Office space for rent in Bellevue, Washington, 1552 square feet.
      1940 124Th Ave NE, Bellevue, WA 98005
      View Details
    • $34 SF/Yr
      1,083 SF

      Bellevue Office Space Available

      Office space available for lease in Bellevue, Washington.
      2700 Richards Rd, Bellevue, WA 98005
      View Details
    • $27 SF/Yr
      4,822 SF

      Bellevue Office Space Available Now

      Office suite with new buildout available for immediate occupancy.
      626-636 120Th Ave NE, Bellevue, WA 98005
      View Details
    • $26 SF/Yr
      1,625 SF

      Bellevue Retail Space Available

      Retail spaces near future Tesla Supercharger Station and Light Rail.
      12031 Northup Way, Bellevue, WA 98005
      View Details
    • $30 SF/Yr
      5,778 SF

      Bellevue Office Space Available

      Office space with convenient access and free parking.
      2331 130Th Ave NE, Bellevue, WA 98005
      View Details
    • Contact for pricing
      9,984 SF

      Factoria Industrial Space Available

      9,484 SF industrial space in Bellevue's Factoria area.
      13427 SE 27Th Pl, Bellevue, WA 98005
      View Details
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    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
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