1205 116th Ave NE, Bellevue, WA 98004

Office · Bellevue · Seattle-Bellevue metro, WA

Imagery suggests: structured parking garage. 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 AI estimate from public imagery; may be outdated.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 308 reachable office buildings in Bellevue. Larger than 85% of office buildings in Bellevue (median 23,608 SF), derived from assessor records.

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Building size: 195,872 SF, King County Assessor
Lot size: 46,852 SF, King County Assessor
Year built: 1987, King County Assessor
Stories: 6, King County Assessor
Predominant use: Hospital & Parking Garage, King County Assessor
Assessed value: $27,607,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $140.94/SF, derived from assessor records
Lot coverage: 418%, derived from assessor records
Vintage: 1980s vintage
Zoning: MI, King County
County use code: Medical/Dental Office
Parking (observed): structured, AI estimate from public imagery

Nearby comparable buildings

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

1135 116th Ave NE, Bellevue · 0 mi · 208,891 SF · built 2000 · assessed $258.99/SF
1231 116th Ave NE, Bellevue · 0.1 mi · 460,832 SF · built 2011 · assessed $159.59/SF
1051 116th Ave NE, Bellevue · 0.1 mi · 19,371 SF · built 1967 · assessed $172.07/SF
1041 116th Ave NE, Bellevue · 0.1 mi · 5,752 SF · built 1962 · assessed $525/SF
1110 112th Ave NE, Bellevue · 0.1 mi · 988,119 SF · built 2001 · assessed $194.03/SF
1427 116th Ave NE, Bellevue · 0.1 mi · 14,510 SF · built 1979 · assessed $457.83/SF

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Sale history and market context

MakeMe Estimate: $32,761,411 (estimated market value), with a likely range of $29,608,195 to $42,686,568 (half of recent verified sales in this segment landed inside that range). Based on 55 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

2011-03-09: transfer from Overlake Hospital Medical Corp to Private party (part of a 3-parcel sale; price is the whole deal), rec. 20110429000219

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 $21,750,600 (2011) to $27,607,100 (2026), up 27% over 15 years, per county tax rolls. The 2026 roll splits $27,607,100 into $6,060,400 land and $21,546,700 improvements.

Zoning: MI (per King County)

Lot: 46,852 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Parking Structure 127,103 SF; Hospital 68,769 SF (county building sections)

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

Permit history

2007-08-22: Remodel, declared value $49,000 (Complete), permit 07118504

2007-07-31: Remodel, declared value $2,600,000 (Complete), permit 07122809

2007-06-21: Remodel, declared value $6,500 (Complete), permit 07122411

2007-06-13: Remodel, declared value $250,000 (Complete), permit 07103723

2007-06-12: Remodel, declared value $162,680 (Complete), permit 07117832

Source: King County permit records (newest first).