301 116Th AveBellevue, WA 98004

  • Office properties
  • 68,425 SF
For Lease
$34/SF/YR View listing

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
301 116Th Ave, Bellevue, Washington

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

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
$141,194
$18,888,000
$1,080,200
$19,968,200
-
$18,888,000
$1,080,200
$19,968,200

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].