121 112th Ave NE, Bellevue, WA 98004

Commercial · Bellevue · Seattle-Bellevue metro, WA

One of 259 reachable commercial buildings in Bellevue. Larger than 89% of commercial buildings in Bellevue (median 12,599 SF), derived from assessor records.

Usable building area
139,601 SF, King County Assessor
Lot size
25,816 SF, King County Assessor
Year built
2020, King County Assessor
Stories
7, King County Assessor
Predominant use
Retirement Facility, King County Assessor
Units
136, King County Assessor
Assessed value
$61,157,400, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$438.09/SF, derived from assessor records
Usable area / lot
5.41, derived from assessor records
Vintage
2020s vintage
Zoning
DT-MU, King County
County use code
Retirement Facility

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $63.8M (estimated market value), with a likely range of $53M to $76.8M (half of recent verified sales in this segment landed inside that range). Based on 5 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.

lower confidence: 1 comparable sale within 3 miles; nearest 2.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than double apart from) the $169.41/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Market context: Commercial in Bellevue

median verified sale $495.18/SF over the trailing 24 months; 4 sales in the last 12 months and 7 in 24 (newest verified sale 2026-04).

  • 2023: $889.55/SF median (4 sales)
  • 2024: $1,041/SF median (4 sales)

Computed from 172 verified arm's-length sales in King County public records (7 in the trailing 24 months). Free public records. Not an appraisal.

Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.

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

Value over time

$0$25M$50M$75M$100M2019202120232026$63.8M$61.2MCounty assessed valueMakeMe Estimate range

Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $9,037,400 (2019) to $61,157,400 (2026), up 577% over 7 years, per county tax rolls. The 2026 roll splits $61,157,400 into $16,135,000 land and $45,022,400 improvements.

Taxes

Permit history

Source: King County permit records (newest first).