301 116Th AveBellevue, WA 98004
- Office properties
- 68,425 SF
Property Details for 301 116Th Ave
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 3.61 AC
- Property size (Sq ft)
- 68,425 SF
- Zone code
- OLB
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 322505-9144
- APU
- 3225059144
Description
This well-maintained, five-story concrete and steel office building offers a variety of spaces suitable for traditional office, executive suites, coworking, or medical practices. Located in Bellevue, Washington, at 301 116th Ave SE, 98004, this property boasts exceptional access to major transportation arteries, including the I-405 and I-90 freeways. The building features an on-grade parking garage providing generous parking capacity—over four spaces per 1000 square feet—ensuring convenient parking for tenants and visitors. The building is privately owned, reflecting a commitment to long-term property management and ongoing reinvestment in building improvements and maintenance. Multiple tenancy options are available, catering to diverse business needs and sizes. The building's location in King County provides easy access to a thriving business community and a rich array of amenities. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in a desirable area of Bellevue. The building's robust construction and ample parking make it an attractive option for a variety of commercial uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $15,054,746
- 6.5%
- $13,896,688
- 7%
- $12,904,068
-
Comparable approach
- Method
- Valuation
- Relative Method
- $17,739,568
- Geo Method
- $13,177,286
-
Alternative Use
- Use
- Valuation
- Residential
- $17,231,894
- Hospitality
- $15,784,322
- Educational
- $13,132,371
- Medical
- $13,584,013
- Retail
- $20,428,132
Location Insight
- City
- Bellevue
- County
- King
- State
- Washington
- Latitude
- 47.6076
- Longitude
- -122.186
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].