Commercial · Bellevue · Seattle-Bellevue metro, WA
One of 259 reachable commercial buildings in Bellevue. Larger than 3% of commercial buildings in Bellevue (median 12,599 SF), derived from assessor records.
Usable building area
1,010 SF, King County Assessor
Lot size
7,344 SF, King County Assessor
Year built
1952, King County Assessor
Stories
1, King County Assessor
Predominant use
Residence, King County Assessor
Assessed value
$3,673,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$3,637/SF, derived from assessor records
Usable area / lot
0.14, derived from assessor records
Vintage
1950s vintage
Zoning
DT-R, King County
County use code
Single Family(C/I Use)
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $3.49M (estimated market value), with a likely range of $2.66M to $4.5M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works.
lower confidence: 2 comparable sales within 3 miles; nearest 0.6 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is well above (more than 3x apart from) the $863.64/SF median of the shown comparable sales.
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.
Last sold: 1997-07-07 for $277,000 (recorded arm's-length sale).
Current ownership dates to 2021 (about 5 years) per recorded transfers.
2021-12-01: $25,990,340 from Watermark Bellevue Ap LLC to Welltower TRS Holdco LLC (part of a 8-parcel sale; price is the whole deal), rec. 20211207000761
2015-06-01: $4,137,880 from Fountains Bellevue Ap LLC to Watermark Bellevue Ap LLC (part of a 4-parcel sale; price is the whole deal), rec. 20150611000411
2009-10-26: $3,190,000 from Sunrise Senior Living Investments INC to Fountains Bellevue Ap LLC (part of a 4-parcel sale; price is the whole deal), rec. 20091029001351
2009-10-26: transfer from Sunrise Bellevue (land) SL LLC to Sunrise Senior Living Investments INC (part of a 4-parcel sale; price is the whole deal), rec. 20091029001350
1997-07-07: $277,000 from Private party to Fountains Retirement Properties INC, rec. 199707091372
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. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $1,102,600 (2011) to $3,673,000 (2026), up 233% over 15 years, per county tax rolls. The 2026 roll splits $3,673,000 into $3,672,000 land and $1,000 improvements.
Zoning: DT-R (per King County)
Lot: 7,344 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Mixed Use Office 1,010 SF (county building sections)