325 118th Ave SE, Bellevue, WA 98005
Office · Bellevue · Seattle-Bellevue metro, WA
One of 308 reachable office buildings in Bellevue. Larger than 60% of office buildings in Bellevue (median 23,608 SF), derived from assessor records.
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- Building size
- 37,606 SF, King County Assessor
- Lot size
- 103,110 SF, King County Assessor
- Year built
- 1984, King County Assessor
- Stories
- 2, King County Assessor
- Predominant use
- Office Building, King County Assessor
- Assessed value
- $9,549,800, per the King County Assessor (not a market appraisal)
- Assessed value per building SF
- $253.94/SF, derived from assessor records
- Lot coverage
- 36%, derived from assessor records
- Vintage
- 1980s vintage
- Zoning
- MUR-M, King County
- County use code
- Office Building
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
- 275 118th Ave SE, Bellevue · 0 mi · 20,964 SF · built 1984 · assessed $263.91/SF
- 345 118th Ave SE, Bellevue · 0 mi · 9,348 SF · built 1990 · assessed $478.38/SF
- 415 118th Ave SE, Bellevue · 0.1 mi · 41,988 SF · built 1991 · assessed $254.82/SF
- 103 118th Ave SE, Bellevue · 0.1 mi · 17,504 SF · built 1998 · assessed $125.05/SF
- 11624 SE 5th St, Bellevue · 0.1 mi · 37,774 SF · built 2001 · assessed $162.34/SF
- 11636 SE 5th St, Bellevue · 0.1 mi · 3,610 SF · built 1965 · assessed $423.07/SF
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Sale history and market context
MakeMe Estimate: $12,580,454 (estimated market value), with a likely range of $12,250,894 to $16,622,247 (half of recent verified sales in this segment landed inside that range). Based on 185 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.
Last sold: 2013-11-26 for $6,550,000 (recorded arm's-length sale).
Current ownership dates to 2022 (about 4 years) per recorded transfers.
- 2022-10-14: $28,000,000 from Bellevue Park Investment LLC to Pfi Belle View LLC (part of a 2-parcel sale; price is the whole deal), rec. 20221017000199
- 2022-05-04: transfer from Private party to Bellevue Park Investment LLC (part of a 2-parcel sale; price is the whole deal), rec. 20220505000016
- 2017-03-29: $19,000,000 from JM Ventures-Belle View LLC+JMS Ventures-Belle VI… to Bellevue Park Investment LLC (part of a 2-parcel sale; price is the whole deal), rec. 20170404001019
- 2013-11-26: $6,550,000 from SPCP Group III Cni 2 LLC to JMS Ventures-Belle View LLC, rec. 20131209000212
- 2012-10-01: transfer from Private party to SPCP Group III Cni 2 LLC (non-market transfer), rec. 20121002001705
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Land, site, and value history
Assessed value moved from $5,965,000 (2011) to $9,549,800 (2026), up 60% over 15 years, per county tax rolls. The 2026 roll splits $9,549,800 into $9,279,900 land and $269,900 improvements.
- Zoning: MUR-M (per King County)
- Lot: 103,110 sq ft
- Water: Water District (per King County)
- Sewer: Public (per King County)
- Access: Public
- Street surface: Paved
- Floor and use mix: Office Building 28,676 SF; Basement, Office 8,930 SF (county building sections)
- County districts report (schools, fire, sewer, council; on kingcounty.gov)