Add Listing
    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

    7981 168Th Ave NE Redmond, WA 98052

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,493 /Mo ($39 SF/Yr)

    Professionally designed office suites in Redmond's dynamic community.

    Property size:
    448 SF
    Lot size:
    448 SF

    Property Features for 7981 168Th Ave NE

    General Information

    Standard status
    Active
    Size
    448 SF

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Alec Gessel
    Source: Corcoran

    Listing Agency: AGM REAL ESTATE GROUP LLC Listing Agent: Alec Gessel

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

    Learn more

    Overview

    Redmond Office Center - Building 4

    Redmond Office Center – Building 4 provides a professional and convenient environment for businesses. This well-maintained, two-story Class B office building, originally constructed in 1986 and renovated in 1995, features landscaped grounds and executive-style suites. These suites are designed for small businesses, medical practices, and professional services, offering privacy and functionality. The property is located at 7981 168th Avenue NE, directly across from Redmond Elementary School. The available space is 448 square feet.
    Location Intelligence

    Current Use by Public Records

    Clare Accounting Group, ... Accounting Firm Triex Technologies Inc Factory Verco Decking Inc Construction Company I-Consulting Inc. Consultant Essential Wellness NW Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.1168346
    Latitude
    47.6746798

    Nearby Similar for Lease

    • New
      $2,500 /Mo
      690 SF

      Downtown Redmond Office Space For Rent

      Professional office space in downtown Redmond with natural light.
      16275 85Th St, Redmond, WA 98052
      View Details
    • $2.00 SF/Yr
      8,102 SF

      Redmond Office Space Available

      Office suite with existing buildout and ample parking.
      6640 185Th Ave NE, Redmond, WA 98052
      View Details
    • $9,519 /Mo
      4,569 SF

      Redmond Office Space For Rent

      Office space for rent with convenient access to I-405.
      12320 134Th Ct NE, Redmond, WA 98052
      View Details
    • $32 SF/Yr
      1,747 SF

      Redmond Office Space For Lease

      Prime Redmond office space near downtown, ideal for professionals.
      16455 NE 85Th St, Redmond, WA 98052
      View Details
    • Contact for pricing

      Office Space with Natural Light

      Redmond office suite featuring private offices, conference rooms, and storage.
      14935 NE 87Th St, Redmond, WA 98052
      View Details
    • $4,770 /Mo
      1,431 SF

      Redmond Office Space Available

      Office suite with private offices and conference rooms for rent.
      16398 85Th St, Redmond, WA 98052
      View Details
    • $3,800 /Mo
      1,482 SF

      Redmond Office Space Available

      Office space for rent in Redmond, Washington.
      7901 168Th Ave NE, Redmond, WA 98052
      View Details
    • $7,122 /Mo
      3,716 SF

      Redmond Office Space Available

      Office space for rent with flexible floor plan.
      11241 Willows Rd NE, Redmond, WA 98052
      View Details
    • $4,659 /Mo
      1,747 SF

      Redmond Office Space For Lease

      Office space near downtown Redmond with convenient transit access.
      16455 85Th St, Redmond, WA 98052
      View Details
    • $3,707 /Mo
      1,390 SF

      Redmond Dental/Professional Office Space

      Turnkey office space near Downtown Redmond with excellent transit access.
      16455 85Th St, Redmond, WA 98052
      View Details
    • $1,033 /Mo
      310 SF

      Redmond Office Center - Building 4

      Professional office space in a convenient Redmond location.
      7981 168Th Ave NE, Redmond, WA 98052
      View Details
    • $4,400 /Mo
      2,112 SF

      Redmond Industrial Space with Offices

      Industrial space featuring front office area with private offices.
      18336 Redmond Fall City Rd, Redmond, WA 98052
      View Details

    FAQs

    What type of property is this?
    Office units - Professionally designed office suites in Redmond's dynamic community.
    Where is this office units located?
    The property is located at 7981 168Th Ave NE Redmond, WA.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Redmond, offering exceptional access to clients and amenities.; - Well-maintained, two-story Class B office building.; - Executive-style suites designed for small businesses, medical practices, and professional services.
    Request Owner's contact information
    7981 168Th Ave NE 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.
    7981 168Th Ave NE
    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
    7981 168Th Ave NE 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
    Alec Gessel
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!