4455 148th Ave NE, Bellevue, WA 98007

Commercial · Bellevue · Seattle-Bellevue metro, WA

Imagery suggests: modern office building, 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 AI estimate from public imagery; may be outdated.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 98% of commercial buildings in Bellevue (median 16,463 SF), derived from assessor records.

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Building size: 525,843 SF, King County Assessor
Lot size: 441,817 SF, King County Assessor
Year built: 2000, King County Assessor
Stories: 3, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Underground Parking, King County Assessor
Assessed value: $68,568,800, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $130.40/SF, derived from assessor records
Lot coverage: 119%, derived from assessor records
Vintage: 2000s vintage
Zoning: MDR-1, King County
County use code: Health Club
Construction (observed): steel glass, AI estimate from public imagery
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.

4211 148th Ave NE, Bellevue · 0.2 mi · 6,637 SF · built 1991
4063 148th Ave NE, Bellevue · 0.3 mi · 17,820 SF · built 1972
13860 NE 42nd St, Bellevue · 0.5 mi · 1,248 SF · built 1959 · assessed $2,047/SF
14615 NE 29th Pl, Bellevue · 1.1 mi · 79,286 SF · built 1990 · assessed $377.86/SF
14595 NE 29th Pl, Bellevue · 1.2 mi · 74,562 SF · built 1997 · assessed $300.23/SF
14455 NE 29th Pl, Bellevue · 1.2 mi · 79,490 SF · built 1983 · assessed $325.17/SF

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Sale history and market context

MakeMe Estimate: $106,203,596 (estimated market value), with a likely range of $89,996,707 to $129,850,627 (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.

Current ownership dates to 2023 (about 3 years) per recorded transfers.

2023-11-28: $11,924,000 from Gaviota LLC to Professional Recreation Organization LLC (part of a 2-parcel sale; price is the whole deal), rec. 20231204000741

2 administrative transfers (no consideration), 2006 to 2023

1989-04-17: $344,634 from Private party to Professional Recreation Assoc, rec. 198905010696

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 $40,771,200 (2011) to $68,568,800 (2026), up 68% over 15 years, per county tax rolls. The 2026 roll splits $68,568,800 into $18,114,400 land and $50,454,400 improvements.

Zoning: MDR-1 (per King County)

Lot: 441,817 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Parking Structure 271,023 SF; Clubhouse 254,820 SF (county building sections)

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

Permit history

2025-09-24: Remodel, declared value $30,000, permit 25 118967 BZ

2024-07-15: Remodel, declared value $150,000 (Complete), permit 24 106501 BZ

2018-07-09: Remodel, declared value $50,000 (Screened), permit 18 116129 BZ

2017-07-28: Accessory, New, declared value $200,000 (Complete), permit 17104520

2017-07-05: Building, New, declared value $9,822,866 (Complete), permit 16145532

2017-05-23: Other, declared value $400,000 (Complete), permit 16146010

2017-01-25: Demolition (Complete), permit 16143924

2016-08-18: Remodel, declared value $50,000 (Complete), permit 16136499

2007-07-06: Remodel, declared value $25,000 (Complete), permit 07122623

2007-07-06: Accessory, New, declared value $5,528 (Complete), permit 07122621

Source: King County permit records (newest first).