301 116Th AveBellevue, WA 98004

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $17,062,000

  6.5%

  $15,749,600

  7%

  $14,624,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,739,600

  Geo Method

  $13,177,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $32,719,200

  Retail / Commercial

  $16,443,100

  Mixed-Use / Specialty

  $16,120,400

  Hospitality / Lodging

  $11,483,200

  Institutional / Educational

  $16,664,400

  Residential Income

  $19,497,300

  Multifamily

  $24,848,100

  Automotive / Energy

  $14,283,700

  Parking / Income-Based Land

  $5,190,060

  Restaurant / Food Service

  $7,820,730

  Healthcare / Senior Housing

  $16,802,000

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

FAQs

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