Entity Owned Property summary
This exceptional flex space, known as the Penny Arcade Building, presents a unique investment opportunity in Redmond's desirable Willows Industrial District. The property encompasses a total of 33,225 square feet of net rentable space, housed within a single two-story building situated on a 1.5-acre lot. The building features a versatile layout combining 17,748 square feet of office space with a spacious warehouse area. The warehouse boasts a 29-foot ceiling height and convenient loading… capabilities, including two dock-high doors. The property is zoned MP, providing flexibility for a variety of uses. The building's location at 9660 153rd Ave NE in Redmond, WA 98052, offers excellent access to major transportation arteries, including the expanding East Link Light Rail, and is conveniently located near Redmond Town Center, Willows Run Golf Complex, and Marymoor Park. The property is owned by FC Industries LLC and features two units across one building. This prime location, combined with the building's functional design and ample space, makes it an ideal choice for businesses seeking a blend of office and warehouse functionality in a thriving area. The property's APN is 943050-0121. The building offers 1000 amps of power.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
5 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 34,700 SF
- Lot area
- 1.5 ac
- Year built
- 1980
- Stories
- 1
- APN
- 943050-0121
- Zoning
- MP
- Assessed value · 2022
- $5,727,900
- Annual tax · 2022
- $42,061
- Retail Stores
- Industrial (general) · current use
- Apartment House (5+ Units)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The purpose of the Manufacturing Park (MP) zone is to provide locations for existing and future manufacturing and industrial uses, particularly those that require significant areas for storage of materials and equipment…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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