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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
Office buildings
12034 134th NE Ct Redmond, WA 98052-2445
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1597290
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
CONCRETE
Total area
220,523 SF
Lot
11.63 ac (506,603 SF)
Zoning code
BP
APN
272605-9114
UPID
US90-1597290
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
-
Redmond Office Law Firm Insurance Agency
-
KeepKey, LLC. Factory Production Facility
-
Reez Properties Inc Real Estate Agency
-
Blink Charging Station Electric Vehicle Charging Station
-
SemaConnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Par 5 Willow Ridge Tech Center LLC · 6 yrs held
Par 5 Willow Ridge Tech Center 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
$10 / 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
$392,551
Tax year 2022
Assessed value
$53,479,500
Assessed 2022
Previous assessed
$53,479,500
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,599,000
Assessed improvement
$45,880,500
Land market value
$7,599,000
Improvement market value
$45,880,500
Total market value
$53,479,500
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
1995
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
220,523 SF
Lot
11.63 ac (506,603 SF)
Zoning code
BP
APN
272605-9114
UPID
US90-1597290
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
1995
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
3
Lot
11.63 ac
Current owner
From public records · entity-resolved
Par 5 Willow Ridge Tech Center LLC
Entity
Mailing address
1450 114TH AVE SE STE #205, BELLEVUE, WA 98004-6934
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
—
Par 5 Willow Ridge Tech Center LLC
—
Deed
related
$50,000 · Boeing Employees Cu
May 18, 2021
—
Par 5 Willow Ridge Tech Center LLC
—
Deed
related
$90,000,000 · Umpqua Bank
Dec 18, 2019
$61,838,001
Par 5 Willow Ridge Tech Center LLC
Reez Properties INC
Special Warranty Deed
$52,600,000 · Mufg Union Bank NA
Mar 21, 2000
—
Zetron Properties INC
Zetron INC
Quit Claim Deed
related
—
Apr 27, 1993
$2,900,000
Zetron INC
Fowler Richard&l
Grant Deed
—
Feb 8, 1990
$2,401,000
Accommodator INC
Willowsridge
Grant Deed
—
Jun 22, 1989
$1,350,000
Willowsridge
First
Grant Deed
$999,000 · Seller
Jun 5, 1989
$1,850,000
First Western Develop
Emkay
Grant Deed
related
—
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.
Try Rey
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