Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16455 NE 85Th St Redmond, WA 98052

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $32 SF/Yr ($4,658 /Mo)

    Prime Redmond office space near downtown, ideal for professionals.

    Property size:
    1,747 SF
    Lot size:
    0.50 Acres

    Property Features for 16455 NE 85Th St

    General Information

    Size
    1,747 SF
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Jenny Liu
    Source: Moodyscre

    Listing Agency: RE/MAX Metro Realty, Inc. Listing Agent: Jenny Liu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Redmond Office Space For Lease

    This second-floor office space is available for lease near 85th St in Redmond, offering a convenient and high-visibility location. Previously occupied by a law office and a real estate firm, the space includes three private offices, a conference room, a bullpen area, a water closet, and a reception area. Additional features include a kitchenette and an outdoor balcony. Access is via stairs only, as there is no elevator. The property provides six assigned parking spaces. The location is near downtown Redmond, benefiting from strong foot traffic and convenient transit access, including proximity to the East Link Light Rail and the Redmond Transit Center. A variety of retail, dining, and grocery options, as well as parks and other services, are located nearby. The space is 1747 square feet.
    Location Intelligence

    Current Use by Public Records

    Redmond Art of Dentistry Dentist Merchant Nadeem DDS Dentist Higgason Construction Construction Company Bienstock Law, PLLC Family Law Attorney Dr. Daniel Bickel Dentist

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.1206672
    Latitude
    47.6782092

    Nearby Similar for Lease

    • Contact for pricing
      164,000 SF

      Redmond Technology Park Multi-Building Complex

      Established Redmond technology park with five buildings and recent upgrades.
      8700-8801 NE 87Th St, Redmond, WA 98052
      View Details
    • Contact for pricing
      22,625 SF

      Redmond Office Space with Amenities

      Office space in Redmond with on-site tenant amenity center.
      8271 154Th Ave NE, Redmond, WA 98052
      View Details
    • Contact for pricing
      32,412 SF

      Redmond Flex/Industrial/Office Space For Rent

      Flex, industrial, and office spaces available near downtown Redmond.
      8210 154Th Ave NE, Redmond, WA 98052
      View Details
    • Contact for pricing
      1,019 SF

      Downtown Redmond Commercial Space For Rent

      Premier commercial space in the heart of Downtown Redmond.
      16615 Redmond Way NE, Redmond, WA 98052
      View Details
    • $24 SF/Yr
      6,958 SF

      Redmond First Floor Office Space

      First floor office space available for lease in Redmond.
      15400 NE 90Th St, Redmond, WA 98052
      View Details
    • Contact for pricing
      3,417 SF

      Downtown Redmond Retail Space Available

      Premier retail spaces in Downtown Redmond, near upcoming light rail.
      16595-16564 Redmond Way, Redmond, WA 98052
      View Details
    • Contact for pricing
      3,354 SF

      Redmond Office Space with Amenities

      Office space in Redmond with on-site tenant amenity center.
      8561 154Th Ave NE, Redmond, WA 98052
      View Details
    • $2,825 /Mo
      1,143 SF

      Updated Condo in Downtown Redmond

      Updated 2-bedroom condo with community pool in Redmond, WA.
      14605 NE 81St St, Redmond, WA 98052
      View Details
    • Contact for pricing
      8,908 SF

      Redmond Flex Space Available

      Flex space in Redmond with tenant amenity center.
      8661 154Th Ave Northeast, Redmond, WA 98052
      View Details
    • Contact for pricing
      46,535 SF

      Redmond Warehouse/Flex Space Available

      58,467 SF warehouse, office, flex space near Meta's Building X.
      9825 Willows Rd NE, Redmond, WA 98052
      View Details
    • Contact for pricing
      3,151 SF

      Redmond Office/Flex Space Available

      Office and flex space in Redmond with tenant amenities.
      8531 154Th Ave NE, Redmond, WA 98052
      View Details
    • Contact for pricing
      1,151 SF

      Redmond Office Space with Amenities

      Office space with tenant amenity center near downtown Redmond.
      15241 NE 90Th St, Redmond, WA 98052
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Redmond office space near downtown, ideal for professionals.
    Where is this office space located?
    The property is located at 16455 NE 85Th St Redmond, WA.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Excellent Location: Close to downtown Redmond, with strong foot traffic and convenient transit access (East Link Light Rail and Redmond Transit Center).; - Six (6) assigned parking spaces.; - Abundant Amenities: Steps from retail, dining, grocery options, and parks.
    (425) 230-7538
    Request Owner's contact information
    16455 NE 85Th St Redmond, WA 98052
    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.
    16455 NE 85Th St
    Redmond, WA 98052
    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
    16455 NE 85Th St Redmond, WA 98052
    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

    We can help!
    Listing Contact
    Jenny Liu
    (425) 230-7538
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.