Financial
Distress signals
Property profile

16717 Redmond Way Redmond, WA 98052

OFF-MARKET
Retail space
Property ID
US90-0161292
3,070 SF 0.34 ac lot Built 1949
Last sale Jun 2019 · $6,875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Point Redmond Shopping Center is located in Downtown Redmond, near a light rail station and residential communities including Eastline and Amli Redmond Way. The retail center provides street-level visibility and transit-oriented access, and it includes commercial co-tenants such as Kanishka and Emerald City Smoothie. The listing specifically referenced a retail unit configured for retail use with an area of 800 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?
$17k
Tax billed · 2022
Assessed value$2.35M
Assessed land$2.34M
Assessed improvement$1k
Effective rate0.73%

Value estimate

· Sep 2026
$545k
$491k – $600k
AI approach$400k
Submarket $/SF estimate$399k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
AP
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.9
Storage Facility10.9
Convenience Store10.7

Location

16717 Redmond Way Redmond, WA 98052-4450
County assessor Recorded deeds · 7 transfers 7 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
15226 Bel Red, Redmond, WA 98052-5511 $3,111,786 Oct 2024 5,088 SF
8009 164th NE, Redmond, WA 98052-3819 $10,200,000 Aug 2024 2,419 SF
11448 Avondale NE, Redmond, WA 98052-2801 $1,700,000 May 2021 4,224 SF
7981 Leary NE, Redmond, WA 98052-3841 $900,000 Nov 2020 3,316 SF
7875 Leary NE, Redmond, WA 98052-4338 $1,800,000 Dec 2019 4,186 SF
16424 79th, Redmond, WA 98052-4428 $2,240,000 Mar 2019 3,880 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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