Financial
Distress signals
Property profile

12320 134Th Ct NE Redmond, WA 98052

FOR LEASE
Office buildings
Property ID
US90-1499146
27,455 SF 1.71 ac lot Built 1985
Last sale May 2021 · $20,000,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
12320 134Th Ct NE, Redmond, WA 98052 For Lease
Contact for pricing 4,569 SF available
12320 134Th Ct NE, Redmond, WA 98052
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Property summary

AI-generated overview

The property is a flex space building with approximately 7,585 square feet. It is configured as a corner building with a primary entry facing NE 124th St and NE 134th Ct. The location provides access to major roadway connections via I-405 and is situated near the Village at Totem Lake retail area as well as the cities of Kirkland, Redmond, and Bellevue. Parking is provided at an estimated ratio of 3 spaces per 1,000 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$55k
Tax billed · 2022
Assessed value$7.51M
Assessed land$1.86M
Assessed improvement$5.65M
Effective rate0.73%

Value estimate

· Sep 2026
$16.10M
$14.49M – $17.71M
NOI build-up
Gross scheduled income$71k
Vacancy & credit loss−$6k
Operating expenses−$20k
NOI · 183,808.00% cap applied$46k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$964/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$321 – $1,506
Qualifying comparables4

Cap rate analysis

How does the asset earn?
183,808.00%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BP
The purpose of the Business Park (BP) zone is to provide business and manufacturing employment opportunities that complement commercial a...
General categoryINDUSTRIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.7
Nail Salon13.7
Convenience Store13.3

Location

12320 134Th Ct NE Redmond, WA 98052
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14560 87th, Redmond, WA 98052-3431 $40,000,000 Jul 2025 36,443 SF
17602 Un Hl, Redmond, WA 98052-3324 $5,199,280 Jun 2025 16,634 SF
7735 178th NE, Redmond, WA 98052-4921 $1,500,000 Dec 2023 32,000 SF
12226 134th NE, Redmond, WA 98052-2429 $14,000,000 Oct 2022 31,765 SF
6222 185th NE, Redmond, WA 98052-6295 $90,100,000 Aug 2022 43,799 SF
6244 185th NE, Redmond, WA 98052-5045 $90,100,000 Aug 2022 48,671 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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