15419 20Th StBellevue, WA 98007

Property Details for 15419 20Th St

Year built

1991

Construction

WOOD

Lot size

0.86 AC

Property size (Sq ft)

24,132 SF

Zone code

O

Property type

Medical offices

Property subtype

Medical centers

APN

262505-9037

APU

2625059037

Description

This exceptional two-story, 24,132 square foot medical and dental office building presents a unique investment opportunity in King County. Built in 1991 and renovated the same year, the property boasts five individual suites ranging from 440 to 2,244 square feet, perfect for a variety of medical or dental practices. The building sits on a generous 37,390 square foot lot, providing ample space and potential for future expansion. Its prime location offers unparalleled convenience and accessibility. Enjoy direct exterior access for each suite, simplifying patient and staff entry and exit. The building is strategically situated on bus routes 226 and 888, ensuring easy public transportation access. Commuting is further simplified by its proximity to SR-520, providing quick access to major roadways. For employees and patients, the location offers the added benefit of being within walking distance of Crossroads Mall and conveniently close to the Microsoft campus and a light rail station. The property's APN is 2625059037. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving area. The multiple suite configuration offers flexibility for various business needs and potential for strong rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $5,554,036

  6.5%

  $5,126,802

  7%

  $4,760,602

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,300,416

  Geo Method

  $4,647,340

• Alternative Use

  Use

  Valuation

  Residential

  $6,357,235

  Hospitality

  $5,823,193

  Educational

  $4,844,828

  Medical

  $5,011,450

  Retail

  $7,536,400

Location Insight

City

Bellevue

County

King

State

Washington

Latitude

47.6276

Longitude

-122.134

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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