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Property profile

16651 Redmond Way Redmond, WA 98052

OFF-MARKET
Other commercial real estate
Property ID
US90-0161295
8,893 SF 0.52 ac lot Built 1965
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. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Retail space located in downtown Redmond, positioned across from Redmond Town Center and approximately one block from the Redmond Light Rail Station. The space has a size of 800 square feet and an existing interior buildout previously used as a hair salon, including two hair washing bowls, a washer and dryer, an ADA-compliant restroom, three skylights, and HVAC. The unit is configured in a way that can support uses such as personal care services (e.g., hair or nail salon), med spa/related…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$27k
Tax billed · 2022
Assessed value$3.63M
Assessed land$3.63M
Assessed improvement$1k
Effective rate0.73%

Value estimate

· Oct 2026
$1.85M
$1.66M – $2.03M
CAP approach$2.29M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$777/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$233 – $1,244
Qualifying comparables5

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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store12.5
Auto Parts Store11.9
Storage Facility10.9

Location

16651 Redmond Way Redmond, WA 98052-0008
County assessor Recorded deeds · 8 transfers 5 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16144 87th, Redmond, WA 98052-3505 $19,500,000 Jan 2025 8,640 SF
16126 87th, Redmond, WA 98052-3505 $19,500,000 Oct 2024 8,640 SF
16110 87th, Redmond, WA 98052-3505 $19,500,000 Oct 2024 8,640 SF
15137 24th, Redmond, WA 98052-5544 $50,000 Oct 2022 18,375 SF
8693 161st NE, Redmond, WA 98052-3566 $3,665,000 Jul 2022 4,578 SF
8296 Avondale NE, Redmond, WA 98052-3302 $2,950,000 Dec 2019 2,583 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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