1535 116th Ave NE, Bellevue, WA 98004

Commercial · Bellevue · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise office, 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 AI estimate from public imagery; may be outdated.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 201 reachable commercial buildings in Bellevue. Larger than 46% of commercial buildings in Bellevue (median 16,463 SF), derived from assessor records.

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Building size: 13,454 SF, King County Assessor
Lot size: 23,125 SF, King County Assessor
Year built: 1966, King County Assessor
Stories: 2, King County Assessor
Predominant use: Eastside Children's Academy, King County Assessor
Assessed value: $7,063,300, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $525/SF, derived from assessor records
Lot coverage: 58%, derived from assessor records
Vintage: 1960s vintage
Zoning: BR-MO, King County
County use code: Daycare Center
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

1814 115th Ave NE, Bellevue · 0.2 mi · 1,440 SF · built 1955 · assessed $900/SF
1813 115th Ave NE, Bellevue · 0.2 mi · 2,050 SF · built 1955 · assessed $900/SF
1815 116th Ave NE, Bellevue · 0.2 mi · 1,720 SF · built 1955 · assessed $950/SF
1824 115th Ave NE, Bellevue · 0.2 mi · 1,820 SF · built 1955 · assessed $900/SF
1833 115th Ave NE, Bellevue · 0.2 mi · 1,720 SF · built 1955 · assessed $925/SF
1836 114th Ave NE, Bellevue · 0.2 mi · 1,820 SF · built 1955 · assessed $900/SF

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Sale history and market context

MakeMe Estimate: $8,260,810 (estimated market value), with a likely range of $7,000,194 to $10,100,142 (half of recent verified sales in this segment landed inside that range). Based on 139 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2017-04-21 for $4,800,000 (recorded arm's-length sale).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

2017-04-21: $4,800,000 from Tlp35 LLC to Tan Wa Investment LLC, rec. 20170428000468

2 administrative transfers (no consideration), 2011 to 2012

2008-12-05: $2,650,000 from Bellegrove Associates LLC to State of Washington, rec. 20081231000371

2008-12-05: $1,262,965 from Bellegrove Associates LLC to State of Washington (non-market transfer), rec. 20081231000372

2 administrative transfers (no consideration), 1993 to 2003

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 $1,725,900 (2011) to $7,063,300 (2026), up 309% over 15 years, per county tax rolls. The 2026 roll splits $7,063,300 into $3,121,800 land and $3,941,500 improvements.

Zoning: BR-MO (per King County)

Lot: 23,125 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Day Care Center 13,454 SF (county building sections)

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

Permit history

2018-02-02: Accessory, New, declared value $850,000 (Complete), permit 17129806

2014-07-10: Accessory, New, declared value $700,000 (Complete), permit 13134510

2010-08-23: Demolition (Defunct), permit 10117367

2008-04-17: Remodel, declared value $149,676 (Complete), permit 08113553

Source: King County permit records (newest first).