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Property profile & analytics
OFF-MARKET
Estimated value
$12,265,000
Office buildings
12226 134th NE Ct Redmond, WA 98052-2429
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1294658
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,765 SF
Lot
1.91 ac (83,148 SF)
Zoning code
BP
APN
272605-9037
UPID
US90-1294658
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
-
Airship Industries Security Service
-
Enduro Storage Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.81M
CAP Approach
CAP
$10.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.27M
Owner & transaction history
Par 5 Willow Ridge Tech Center III · 3 yrs held
Par 5 Willow Ridge Tech Center III
since 2022
Last sale
$14.0M
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
Method
Estimation
Statistic approach
$13,530,000
ML approach
$8,805,000
CAP Approach
CAP Return
Estimation
6%
$11,910,000
6.5%
$10,990,000
7%
$10,205,000
Blend value · Realmo final
$12.27M
Range $11.04M – $13.49M · ±10% · vs last sale $14.00M (Oct 20 2022)
Last sale anchor
$14.00M
Oct 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$386 / 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
$65,330
Tax year 2022
Assessed value
$8,898,200
Assessed 2022
Previous assessed
$8,898,200
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,078,700
Assessed improvement
$6,819,500
Land market value
$2,078,700
Improvement market value
$6,819,500
Total market value
$8,898,200
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
31,765 SF
Lot
1.91 ac (83,148 SF)
Zoning code
BP
APN
272605-9037
UPID
US90-1294658
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Par 5 Willow Ridge Tech Center III
Individual
Mailing address
PO BOX 848, MEDINA, WA 98039-0848
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
$14,000,000
Par 5 Willow Ridge Tech Center III
Quadrant Center LLC
Warranty Deed
$50,000 · Boeing Employees Cu
Apr 6, 2021
—
Quadrant Center LLC
—
Deed
related
$500,000 · Ameritas Life Insurance Corp
Feb 26, 2021
$9,900,000
Quadrant Center LLC
Vandalay Properties LLC
Warranty Deed
—
Apr 26, 2019
—
Vandalay Properties LLC
—
Deed
related
$6,000,000 · Bank Of America
Jan 22, 2015
$4,800,000
Vandalay Properties LLC
Cedar Properties
Special Warranty Deed
$3,600,000 · Puget Sound Bank
Apr 17, 2013
—
Properties LP Ditty
—
Loan Modification
related
$21,000,000 · State Farm Life Insurance Co
Jan 12, 2011
—
Properties LP Ditty
—
Deed Of Trust
related
$21,000,000 · State Farm Life Insurance Co
Oct 29, 1996
$3,550,000
Cedar Properties
PC Development INC
Grant Deed
$2,338,600 · Us Bank Of Washington
Mar 17, 1995
$3,500,000
P C Development INC
Seapointe Development INC
Grant Deed
$300,000 · Seller
Aug 25, 1989
$503,112
Seapointe Development INC
The Quadrant Cor
Grant Deed
$467,900 · Seller
Mar 24, 1989
$350,457
Zetron INC
Quadrant
Grant Deed
—
—
—
Vandalay Properties LLC
—
Deed Of Trust
related
$6,000,000 · Bank Of America
—
—
Robert G Baldridge
—
Deed Of Trust
related
$30,787 · Pacific Northwest Bank
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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