$350,000
About this home
Medical Office Investment Opportunity - 12.5%+ CAP Rate | Bellevue Strong medical office investment opportunity featuring an updated office building situated on an attractive nearly 10-acre site with excellent visibility and access from RT 4 and RT 113. The property offers a 12.5%+ CAP rate with a 5-year lease that commenced June 1, 2025 and runs through May 31, 2030. Landlord is responsible for real estate taxes, insurance, and maintenance. Currently operating as a medical office, the functional layout includes two waiting rooms, reception area with administrative office, nurses' station, nine exam rooms, physician office, three procedure rooms, lead-lined X-ray room, research room, kitchen/break room, four restrooms, and an IT/utility closet. The site provides 40+ parking spaces for staff and patients and features dual access points from RT 4 and RT 113, offering convenient ingress and egress. The building underwent a full office renovation in 2018, with new furnaces installed in 2024, providing investors a well-maintained asset with recent capital improvements.
Property details
- MLS
- NOWDD
- MLS #
- 5190798
- Property type
- Office
- Subdivision
- N/A
- Status
- Active
- Days on market
- 169
- On market date
- March 3, 2026
- Stories
- 1
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 40
- Lot size
- 9.997 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 835
- Student:teacher ratio
- 18.6:1
- District
- Bellevue City
- Enrollment
- 462
- Student:teacher ratio
- 20.1:1
- District
- Bellevue City
- Enrollment
- 532
- Student:teacher ratio
- 14.8:1
- District
- Bellevue City
Walkability
Blended score for Bellevue's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 19, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.