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Property profile & analytics
OFF-MARKET
Estimated value
$8,185,000
Office buildings
11351 Willows NE Rd Redmond, WA 98052-2552
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1612180
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
65,080 SF
Lot
3.98 ac (173,394 SF)
Zoning code
BP
APN
697950-0020
UPID
US90-1612180
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Seattle Speedy Roof Architecture Roofing Company General Contractor
-
Harton Air Duct Cleaning Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.19M
Owner & transaction history
Quadrant Willows Owner LLC · 6 yrs held
Quadrant Willows Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
BP · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Redmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$152,611
Tax year 2022
Assessed value
$20,789,600
Assessed 2022
Previous assessed
$20,789,600
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,802,700
Assessed improvement
$12,986,900
Land market value
$7,802,700
Improvement market value
$12,986,900
Total market value
$20,789,600
Applied tax rate
2,025.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
65,080 SF
Lot
3.98 ac (173,394 SF)
Zoning code
BP
APN
697950-0020
UPID
US90-1612180
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BP · Redmond, WA
Zoning BP · permitted uses
BP · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.98 ac
Current owner
From public records · entity-resolved
Quadrant Willows Owner LLC
Entity
Mailing address
PO BOX 2021, WARREN, MI 48090-2021
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
$36,821,250
Quadrant Willows Owner LLC
Ipx Willows Road Invtrs Il LLC
Grant Deed
—
Dec 28, 2016
$11,885,815
Ipx Willows Road Invtrs II LLC
Redmond Income Ptrs Holding Co
Grant Deed
—
Dec 20, 2012
$12,250,000
Redmond Income Ptrs Holding Co
Ge Coml Fin Busn Prop Corp
Grant Deed
$19,830,000 · Union Bank
Apr 2, 2008
$18,500,000
Ge Coml Fin Busn Prop Corp
Mastro,michael R
Warranty Deed
—
Jan 18, 2008
—
Michael R Mastro
—
Deed Of Trust
related
$5,250,000 · Banner Bank
Jul 16, 2007
$15,000,000
Michael R Mastro
Willows Properties LLC
Warranty Deed
—
Jul 13, 2004
$11,000,000
Gerlicher Co LLC
Mastro,michael R
Grant Deed
$8,250,000 · Michael R Mastro
Jul 13, 2004
—
Willows Properties LLC
Gerlicher Co LLC
Grant Deed
related
—
Oct 14, 2003
$6,100,000
Michael R Mastro
Universal Systems Corp
Grant Deed
—
—
—
Willow Properties LLC
—
Deed Of Trust
related
$7,428,115 · Homestreet Bank
—
—
Michael R Mastro
—
Deed Of Trust
related
$6,100,000 · Homestreet Bank
—
—
Michael R Mastro
—
Deed Of Trust
related
$668,308 · Terry L Durst
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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