16150 85Th StRedmond, WA 98052

Property Details for 16150 85Th St

Year built

1983

Construction

WOOD

Lot size

2.65 AC

Property size (Sq ft)

49,432 SF

Zone code

TSQ

Property type

Retail properties

Property subtype

Retail space

APN

920020-0020

APU

9200200020

Description

Village Square, located at 16150 NE 85th St in Redmond, WA 98052, offers 11,556 square feet of prime creative office space for lease. This King County property is currently fully vacant and presents a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. The building is divided into four suites, with a minimum divisible space of 1,739 square feet and a maximum contiguous space of 6,673 square feet. This flexibility allows for businesses of various sizes to find a suitable workspace within Village Square. The property's "Creative Office" designation suggests a layout and design conducive to innovative and collaborative work environments. The address is conveniently located in Redmond, offering easy access to major transportation routes and amenities. The entire 11,556 square feet is available for lease, providing a significant opportunity for a company seeking substantial space in a desirable location. Interested parties should inquire about lease terms and conditions. This is an exceptional chance to secure a prominent presence in a thriving Redmond business community. The property's location in King County, Washington, offers access to a robust workforce and a dynamic economic landscape. The building's layout and size make it ideal for a variety of businesses seeking a modern and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $16,092,621

  6.5%

  $14,854,727

  7%

  $13,793,675

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,327,714

  Geo Method

  $23,989,428

• Alternative Use

  Use

  Valuation

  Residential

  $12,530,518

  Hospitality

  $11,477,887

  Educational

  $9,549,468

  Medical

  $9,877,888

  Retail

  $14,854,727

Location Insight

City

Redmond

County

King

State

Washington

Latitude

47.6789

Longitude

-122.124

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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