Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Redmond Flex Space For Rent Title is generated by Realmo AI

    12320 134th Ct NE, Redmond, WA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space with prominent corner entry and ample parking.

    Type:FLEX_R_AND_D
    Property size:
    7,585 SF
    Lot size:
    1.71 Acres
    Added:
    Jan 26, 2023
    Days on Market:
    1199
    Last Refresh:
    Apr 5 at 8:07 pm

    Property Features for 12320 134th Ct NE

    General Information

    Standard status
    Active
    Size
    7,585 SF
    Lot size
    1.71 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 12320 134th Ct NE Contact us

    We can help!

    Listing Contact
    James Reed, SIOR

    Listing agent James Reed, SIOR

    Listing office Cushman & Wakefield

    Listing date Jan 26, 2023

    Source Moodyscre

    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 Cushman & Wakefield

    HighLights

    • Prominent corner building entry
    • Quick access to I‑405
    • 3/1,000 parking
    • Access to Village at Totem Lake retail
    • Proximity to Kirkland
    • Proximity to Redmond & Bellevue

    Overview

    This flex space property, offering 7585 square feet, features a prominent corner building entry facing NE 124th St and NE 134th Ct. It provides quick access to I-405, the Village at Totem Lake retail area, Kirkland, Redmond, and Bellevue. The property includes parking at a ratio of 3 per 1,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Design Perfect Catering — 13600 NE 126th Pl D, Kirkland, WA 98034
    • The Catering Company — 13613 NE 126th Pl # 350, Kirkland, WA 98034

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.161
    Latitude
    47.7109

    Nearby Similar for Lease

    • Contact for pricing

      Redmond Office Space Available

      Professional office space with flexible floor plan and natural light.
      11241 Willows Rd NE, Redmond, WA 98052
      View Details
    • $3,000/Mo

      Redmond Retail Space For Lease

      High-visibility retail space in downtown Redmond, near transit.
      16651 Redmond Way NE, Redmond, WA 98052
      View Details
    • $14,921/Mo

      Redmond Two-Story Office Building

      7,788 SF office building in downtown Redmond for lease.
      8405 165th Ave NE, Redmond, WA 98052
      View Details
    • $2,250/Mo

      Downtown Redmond Office Space For Rent

      Professional office space in downtown Redmond with natural light.
      16275 85th St, Redmond, WA 98052
      View Details
    • $4,659/Mo

      Redmond Office Space For Lease

      Office space near downtown Redmond with convenient transit access.
      16455 85th St, Redmond, WA 98052
      View Details
    • $1,033/Mo

      Redmond Office Center - Building 4

      Professional office space in a convenient Redmond location.
      7981 168th Ave NE, Redmond, WA 98052
      View Details
    • $7,698/Mo

      Redmond First Floor Office Space

      First floor office space available for lease in Redmond.
      15400 90th St, Redmond, WA 98052
      View Details
    • $13,916/Mo

      Redmond First Floor Office Space

      Divisible first floor office space in Redmond available for lease.
      15400 90th St, Redmond, WA 98052
      View Details
    • $1,000/Mo

      Downtown Redmond Office Condo For Lease

      Office condo for lease in downtown Redmond with parking.
      16275 85th St, Redmond, WA 98052
      View Details
    • $657/Mo

      Redmond Office Center - Building 4

      Class B office building in Redmond, renovated in 1995.
      7981 168th Ave NE, Redmond, WA 98052
      View Details
    • $1,493/Mo

      Redmond Office Center - Building 4

      Professionally designed office suites in Redmond's dynamic community.
      7981 168th Ave NE, Redmond, WA 98052
      View Details
    • $11,625/Mo

      Redmond Retail Space For Rent

      Retail space with high visibility on Redmond Way available for lease.
      17980 Redmond Way, Redmond, WA 98052
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with prominent corner entry and ample parking.
    Where is this flex space located?
    The property is located at 12320 134th Ct NE Redmond, WA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prominent corner building entry; Quick access to I‑405; 3/1,000 parking
    (425) 455-4500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Reed, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12320 134th Ct NE, Redmond, WA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!