Redmond Industrial/Automotive Building For
For Sale
Contact for pricing
18080 NE 68th St, Redmond, WA 98052
5,800 SF industrial/automotive building near future light rail station.
Property Size5,800 SF
Price / SF$603.45
Days on Market302
Property Features for 18080 NE 68th St
General Information
Standard status
Active
Size
5,800 SF
Property subtype
Office, Industrial
Building Details
Year Built
1990
Listing Agency:
Kidder Mathews Bellevue
(425) 450-1102
Listed By:
Jason Bloom · License #WA 104714
Source:
Crexi
Added: Oct 9, 2025
Changed: Jul 10
Last Checked: Aug 6 at 12:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Bellevue
Investment Insights
Based on property information with market context.
This is a 5,800 SF industrial/automotive building for sale, situated in the Marymoor area. The building is located near a future light rail station and offers access to downtown Redmond, SR-520, and SR-202. Constructed in 1990, the building features full sprinkler system, MP zoning, one dock, three grade-level doors, and an 18' clear height. Existing automotive equipment and lifts are available for purchase. The building will be delivered vacant at closing.
Key Highlights
- Prime location in the heart of Marymoor, near future light rail station and minutes from downtown Redmond.
- Stand‑alone industrial/retail/automotive building with MP zoning.
- Excellent access to SR‑520 and SR‑202.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,754
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,075,080
$2.1M
Cap Rate 7%
$1,482,200
$1.5M
Cap Rate 9%
$1,152,822
$1.2M
Market Conditions
NOI Build-Up for 5,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$153.1K $26.40/SF
− Vacancy
−$4.9K −$0.84/SF
EGI
$148.2K $25.56/SF
− OpEx
−$44.5K −$7.67/SF
NOI
$103.8K $17.89/SF
Area
King County, WA
Vacancy
3.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,075,080
Cap Rate 7%
$1,482,200
Cap Rate 9%
$1,152,822
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,754 @ 7.0% cap · market cap 2.96%
Second Best
Industrial
$833.3K
$729.2K – $972.2K
NOI $58,332 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,613 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98052, WA
77,176
Population
34,946
Households
2.2
Avg Household Size
34
Median Age
75%
College-Educated
98%
High-School Grad
20.3 sq mi
ZIP Area
3,802
Density / Sq Mi
$164,848
Median Household Income
$106,078
Median Earnings
$2,339
Median Rent
$1,107,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- West Werks European Service and Repair — 17657 Redmond Way, Redmond, WA 98052
- Red Way Self-Storage — 18024 Redmond Way, Redmond, WA 98052
- U-Haul Neighborhood Dealer — 18024 Redmond Way, Redmond, WA 98052
- U-Haul Neighborhood Dealer — 6065 E Lake Sammamish Pkwy NE, Redmond, WA 98052
- Marymoor Self Storage — 6065 E Lake Sammamish Pkwy NE, Redmond, WA 98052
Frequently Asked Questions
What type of property is this?
Automotive property - 5,800 SF industrial/automotive building near future light rail station.
Where is this automotive property located?
The property is located at 18080 NE 68th St Redmond, WA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime location in the heart of Marymoor, near future light rail station and minutes from downtown Redmond.; Stand‑alone industrial/retail/automotive building with MP zoning.; Excellent access to SR‑520 and SR‑202.
