Financial
Distress signals
Property profile

14515 Northeast 87Th St Redmond, WA 98052

FOR LEASE
Other warehouses
Property ID
US90-1000797
6,120 SF 6.41 ac lot Built 1977
Last sale Dec 2021 · $14,775,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial space comprises 3,500 square feet and is configured with one grade-level door and a 12-foot clear height. The interior layout includes two private offices and open/work areas suitable for commercial use. The location provides convenient access to WA-520 and I-405.

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?
$105k
Tax billed · 2022
Assessed value$14.27M
Assessed land$3.75M
Assessed improvement$10.52M
Effective rate0.73%

Value estimate

· Sep 2026
$13.16M
$11.84M – $14.48M
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$4k
Operating expenses−$15k
NOI · 140,804.00% cap applied$35k

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

Recently sold

What actually traded nearby?
$287/SF
County average, outlier-cleaned · 375 recorded sales of this use type
Observed band · Q1–Q3$185 – $465
Qualifying comparables4

Cap rate analysis

How does the asset earn?
140,804.00%
$35k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.5
Restaurant13.2
Law Firm10.6

Location

14515 Northeast 87Th St Redmond, WA 98052
County assessor Recorded deeds · 2 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15207 92nd, Redmond, WA 98052-3575 $4,050,000 Jul 2025 7,650 SF
8660 Willows NE, Redmond, WA 98052-3411 $19,880,000 Jun 2022 16,560 SF
14505 91st, Redmond, WA 98052-6585 $9,780,000 Apr 2022 15,549 SF
14515 91st, Redmond, WA 98052-6586 $9,780,000 Apr 2022 15,549 SF
14907 95th, Redmond, WA 98052-2559 $3,400,000 Apr 2022 10,252 SF
9045 Willows NE, Redmond, WA 98052-6589 $3,500,000 Dec 2021 2,500 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?”
More about this property
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