Office

Gateway 405

gateway 405, bellevue, WA 98005

Price

Price on request

Price/Sq Ft

$50.00

Description

1,104-2,557 SF Available with Immediate Freeway Access Well maintained 3-story brick facade boutique office building in suburban Bellevue with immediate freeway access and plentiful free parking.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

gateway 405, bellevue, WA 98005

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeFull Service

Market Context

As of Q2 2025, the Seattle / Bellevue office market showed average asking rents near $51.97/SF/yr, and cap rates around 7.5%. Source: curated:CBRE U S Cap Rate Sur Q2 2025 market report.

Projected current pricing

low confidence

Projected asking rent

$51.97/SF/yr

Estimated sale value

$319–$414/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2025 Newmark data (cap rate 7.5%, asking rent held flat).

View the full Seattle / Bellevue Office market report →

Compare it against other office listings for lease in Bellevue, WA to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Seattle / Bellevue?: About 7.5% as of Q2 2025, per curated:CBRE U S Cap Rate Sur.

Unified Estimate

Medium Confidence

$13.66/SF/mo-$18.48/SF/mo

Mid: $16.07/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Lease Rate & Market Trend

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/mo) (market data)

Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.