Commercial · Bellevue · Seattle-Bellevue metro, WA
One of 259 reachable commercial buildings in Bellevue. Larger than 95% of commercial buildings in Bellevue (median 12,599 SF), derived from assessor records.
Usable building area
195,956 SF, King County Assessor
Lot size
144,680 SF, King County Assessor
Year built
1990, King County Assessor
Stories
6, King County Assessor
Predominant use
Hotel/Motel, King County Assessor
Assessed value
$63,882,700, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$326.01/SF, derived from assessor records
Usable area / lot
1.35, derived from assessor records
Vintage
1990s vintage
Zoning
OLB2, King County
County use code
Hotel/Motel
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $65.9M (estimated market value), with a likely range of $54.7M to $79.4M (half of recent verified sales in this segment landed inside that range). Based on 6 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 0 comparable sales within 3 miles; nearest 3.2 mi. This property type carries wider measured error; treat the estimate as a starting point.
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.
Current ownership dates to 2019 (about 7 years) per recorded transfers.
2019-01-23: $56,911,449 from Fo Belleveue Property LLC to Lakeview Hospitality Property Investment LLC (part of a 2-parcel sale; price is the whole deal), rec. 20190128000215
2014-01-15: transfer from Nesbitt Bellevue Property LLC to Fo Bellevue Property LLC (part of a 2-parcel sale; price is the whole deal), rec. 20140121001462
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
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 $20,226,200 (2014) to $63,882,700 (2026), up 216% over 12 years, per county tax rolls. The 2026 roll splits $63,882,700 into $9,114,800 land and $54,767,900 improvements.
Zoning: OLB2 (per King County)
Lot: 144,680 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Hotel, Full Service Upper Upscale 195,956 SF (county building sections)