Redmond Industrial/Automotive Building For
18080 NE 68th St, Redmond, WA 98052
For Sale
Contact for pricing
5,800 SF industrial/automotive building near future light rail station.
Property Size5,800 SF
Price / SF$594.83
Days on Market398
Property Features for 18080 NE 68th St
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Kidder Mathews Bellevue
Listed By:
Jason Bloom · License WA #104714
(425) 450-1102
Source:
Crexi
Added: Oct 9, 2025
Changed: Nov 3
Last Checked: Nov 10 at 5:56AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$103,754
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
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
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 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 3.01%
Second Best
Industrial
$961.5K
$841.3K – $1.12M
NOI $67,307 @ 7.0% cap · market cap 1.95%
Theoretical Best
Office B
$1.98M
$1.73M – $2.31M
NOI $138,505 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
978
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Automotive properties in King County
Vacancy Rate% for Industrial in West region
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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 $3,450,000.
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.
