12360 8Th StBellevue, WA 98005

Property Details for 12360 8Th St

Year built

1979

Construction

WOOD

Lot size

0.63 AC

Property size (Sq ft)

10,300 SF

Zone code

PO

Property type

Office buildings

APN

109910-0370

APU

1099100370

Description

This exceptional two-story executive office building, situated on a 0.63-acre lot in King County, offers a unique leasing opportunity. Built in 1979 and extensively renovated in 2002, the property boasts a total of 10,785 square feet, with 2,484 square feet currently available for lease. The building features ample parking with 40 spaces to accommodate tenants and visitors. The available space is ideal for a variety of executive office uses, providing a well-maintained and updated environment for businesses seeking a prestigious location. The building's multiple tenancy structure ensures a diverse and vibrant atmosphere. The property's convenient location within King County offers easy access to major transportation routes and amenities, making it an attractive option for businesses seeking a strategic location. The 2002 renovation ensures modern amenities and systems are in place, minimizing the need for immediate capital improvements. This is a rare opportunity to secure high-quality executive office space in a desirable King County location. The building's size and parking capacity provide flexibility for a range of business needs. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $2,296,176

  6.5%

  $2,119,547

  7%

  $1,968,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,675,759

  Geo Method

  $1,983,574

• Alternative Use

  Use

  Valuation

  Residential

  $2,628,238

  Hospitality

  $2,407,452

  Educational

  $2,002,972

  Medical

  $2,071,857

  Retail

  $3,115,734

Location Insight

City

Bellevue

County

King

State

Washington

Latitude

47.6177

Longitude

-122.175

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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