$7,750,000
Est. $40,048/mo1551 116th Avenue Ne, Bellevue, WA 98004
• Listed 2026-09-01•2 days on market
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Rare opportunity to acquire a fully occupied medical/dental property with a proven history of long-term tenancy and stable income. This well-established medical/dental building features a diversified tenant mix of healthcare and wellness users, including a skin surgery practice with over 23 years of occupancy, a dental office with over 15 years occupancy, and a chiropractic practice with over 4 years occupancy at the property. A spa tenant has also joined the property in 2025, providing additional diversification. The property's strong tenant retention and 100% occupancy provide an attractive investment profile for an investor seeking stable medical-office income. Investment Highlights: o 100% occupied Medical/Dental building o $308,617 current NOI o 4.0% capitalization rate o Skin surgery center — 23+ years o Dental office — 15+ years o Chiropractic practice — 4+ years o Spa — 1+ years o Diversified medical and wellness tenant mix o Established tenant history with demonstrated longevity o Financials available upon request with a signed NDA
Listed by Farid Mohajerjasbi • Dynasty Realty, Inc.
Listing updated: September 1, 2026 at 05:54pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2576946
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$1.50M4 bd · 2.75 ba · 2,200 sqft
2035 West Lake Sammamish Parkway Se, Bellevue, WA 98008
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1551 116th Avenue Ne, Bellevue, WA 98004
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Bellevue is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 18 days.
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Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
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