1018 116th Ave NE, Bellevue, WA 98004

NNN Retail · Bellevue · Seattle-Bellevue metro, WA

Imagery suggests: retail center, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 167 reachable nnn retail buildings in Bellevue. Larger than 89% of nnn retail buildings in Bellevue (median 9,156 SF), derived from assessor records.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Claim or manage this building

Building size: 86,150 SF, King County Assessor
Lot size: 258,311 SF, King County Assessor
Year built: 1982, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 4, King County Assessor
Predominant use: Bldg C, King County Assessor
Assessed value: $46,116,500, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $535.30/SF, derived from assessor records
Lot coverage: 33%, derived from assessor records
Vintage: 1980s vintage
Zoning: MU-H, King County
County use code: Shopping Ctr(Nghbrhood)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): interior, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

23 Lake Bellevue Dr, Bellevue · 0.1 mi · 9,156 SF · built 1985 · assessed $575.19/SF
11910 NE 8th St, Bellevue · 0.2 mi · 38,327 SF · built 2014 · assessed $907.51/SF
11611 NE 8th St, Bellevue · 0.2 mi · 1,975 SF · built 1967 · assessed $2,659/SF
11850 Bel Red Rd, Bellevue · 0.2 mi · 46,361 SF · built 2010 · assessed $587.15/SF
785 116th Ave NE, Bellevue · 0.2 mi · 3,742 SF · built 2015 · assessed $1,814/SF
11815 NE 8th St, Bellevue · 0.2 mi · 76,389 SF · built 2005 · assessed $239.29/SF

Want to talk to the owner? makeme1031 delivers a private, principal-to-principal letter to the owner of record. We never publish the owner's identity or address.

Sale history and market context

MakeMe Estimate: $48,933,204 (estimated market value), with a likely range of $35,862,790 to $57,228,293 (half of recent verified sales in this segment landed inside that range). Based on 28 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2001-05-17 for $14,300,000 (recorded arm's-length sale).

Current ownership dates to 2007 (about 19 years) per recorded transfers.

3 administrative transfers (no consideration), 2007 to 2007

2001-05-17: $14,300,000 from BPP Northwest Acquisitions LLC to J G Design Market-Delaware LLC, rec. 20010517002010

1997-12-02: transfer from Burnham Pacific Properties to BPP/Northwest Acquisitions LLC (non-market transfer), rec. 199712041856

1997-10-28: $11,026,854 from Applegreen Center General Prtnrshp to Burnham Pacific Properties INC, rec. 199710291695

1993-06-22: transfer from Applegreen CNTR LTD PTSHP to Applegreen Center General Part (part of a 2-parcel sale; price is the whole deal), rec. 199306302041

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $19,374,300 (2011) to $46,116,500 (2026), up 138% over 15 years, per county tax rolls. The 2026 roll splits $46,116,500 into $32,547,100 land and $13,569,400 improvements.

Zoning: MU-H (per King County)

Lot: 258,311 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Retail Store 86,150 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2021-06-22: Remodel, declared value $89,500 (Screened), permit 21 110061 BZ

2019-04-05: Remodel, declared value $221,320 (Complete), permit 19 103986 BZ

2014-12-31: Remodel, declared value $10,000 (Complete), permit 14144803

2013-06-24: Remodel, declared value $100,000 (Complete), permit 13115131

2013-05-16: Demolition (Complete), permit 13115264

2012-08-20: Accessory, New, declared value $489,680 (Complete), permit 12117081

2008-12-02: Accessory, New, declared value $17,500 (Complete), permit 08134498

2008-11-26: Remodel, declared value $100,000 (Complete), permit 08133985

2008-09-02: Remodel, declared value $15,000 (Complete), permit 08128385

2008-07-09: Remodel, declared value $20,000 (Complete), permit 08125583

Source: King County permit records (newest first).