550 106th Ave NE, Bellevue, WA 98004

Office · Bellevue · Seattle-Bellevue metro, WA

Imagery suggests: urban mixed-use, 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 AI estimate from public imagery; may be outdated.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 308 reachable office buildings in Bellevue. Larger than 93% of office buildings in Bellevue (median 23,608 SF), derived from assessor records.

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Building size: 512,885 SF, King County Assessor
Lot size: 119,017 SF, King County Assessor
Year built: 1999, King County Assessor
Stories: 3, King County Assessor
Predominant use: Bellevue Connection, King County Assessor
Assessed value: $130,057,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $253.58/SF, derived from assessor records
Lot coverage: 431%, derived from assessor records
Vintage: 1990s vintage
Zoning: DT-O-1, King County
County use code: Office Building
Construction (observed): steel glass, AI estimate from public imagery
Parking (observed): structured, AI estimate from public imagery

Nearby comparable buildings

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

555 108th Ave NE, Bellevue · 0.1 mi · 1,477,855 SF · built 2021 · assessed $269.74/SF
601 108th Ave NE, Bellevue · 0.1 mi · 773,359 SF · built 2000 · assessed $222.54/SF
411 108th Ave NE, Bellevue · 0.1 mi · 493,400 SF · built 1983 · assessed $233.65/SF
500 108th Ave NE, Bellevue · 0.1 mi · 723,028 SF · built 1986 · assessed $267.01/SF
333 108th Ave NE, Bellevue · 0.1 mi · 781,324 SF · built 2007 · assessed $272.25/SF
380 106th Ave NE, Bellevue · 0.1 mi · 770,076 SF · built 2024 · assessed $183.84/SF

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Sale history and market context

MakeMe Estimate: $120,134,509 (estimated market value), with a likely range of $108,571,819 to $156,529,580 (half of recent verified sales in this segment landed inside that range). Based on 12 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2013-10-04 for $87,600,000 (recorded arm's-length sale).

Current ownership dates to 2013 (about 13 years) per recorded transfers.

2013-10-04: $87,600,000 from RP Bellevue LLC to MPH-Bellevue LLC, rec. 20131004000893

2007-07-10: $53,400,000 from Bellevue LLC to RP Bellevue LLC, rec. 20070717001059

2007-01-26: $95,417 from Bellevue LLC to Bellevue Tower Investors LLC (part of a 2-parcel sale; price is the whole deal), rec. 20070126002645

4 administrative transfers (no consideration), 1997 to 1999

1997-10-21: $8,500,000 from Puget Western INC to Schroeder U.S.A Corp (part of a 2-parcel sale; price is the whole deal), rec. 199711071447

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 $44,462,200 (2011) to $130,057,000 (2026), up 193% over 15 years, per county tax rolls. The 2026 roll splits $130,057,000 into $95,213,600 land and $34,843,400 improvements.

Zoning: DT-O-1 (per King County)

Lot: 119,017 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Parking Structure 277,506 SF; Open Office 210,984 SF; Retail Store 50,419 SF (county building sections)

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

Permit history

2025-01-30: Remodel, declared value $65,000 (Screened), permit 24 129683 BZ

2025-01-23: Remodel, declared value $150,000 (Screened), permit 23 125968 BZ

2023-04-21: Remodel, declared value $50,000 (Complete), permit 23 106153 BZ

2023-03-14: Remodel, declared value $80,000 (Complete), permit 23 101120 BZ

2023-03-03: Remodel, declared value $300,000 (Complete), permit 22 130640 BZ

2021-08-24: Remodel, declared value $10,481,534 (Complete), permit 21 115296 BZ

2021-08-24: Remodel, declared value $9,958,978 (Complete), permit 21 109017 BZ

2021-07-19: Demolition (Complete), permit 21 115725 BC

2021-02-20: Building, New, declared value $25,000,000 (Complete), permit 20 113522 BB

2020-09-16: Remodel, declared value $1,200,000 (Complete), permit 20 109777 BZ

Source: King County permit records (newest first).