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Property profile & analytics
OFF-MARKET
Estimated value
$3,545,000
Investment properties
13200 Old Redmond Rd Redmond, WA 98052-1819
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-3068609
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1994
Construction
WOOD
Total area
20,229 SF
Lot
0.91 ac (39,530 SF)
Zoning code
NC2
APN
384850-0705
UPID
US90-3068609
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
-
Eastside Dance Training Center
-
Edward Jones Financial Advisor
-
Edward Jones - Financial Advisor: Rick H Miller, CRPC® Financial Advisor
-
Cole Allen Monson Physician
-
Washington Management Sales Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Friel Heat LLC · 8 yrs held
Friel Heat LLC
since 2018
7 recorded transactions
Zoning & alternative use
NC2 · 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
$175 / 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
$47,336
Tax year 2022
Assessed value
$6,446,600
Assessed 2022
Previous assessed
$6,446,600
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,304,400
Assessed improvement
$5,142,200
Land market value
$1,304,400
Improvement market value
$5,142,200
Total market value
$6,446,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Total area
20,229 SF
Lot
0.91 ac (39,530 SF)
Zoning code
NC2
APN
384850-0705
UPID
US90-3068609
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · Redmond, WA
Zoning NC2 · permitted uses
NC2 · 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
1994
Construction
WOOD
Heating
HEAT PUMP
Stories
3
Lot
0.91 ac
Current owner
From public records · entity-resolved
Friel Heat LLC
Entity
Mailing address
1200 WESTLAKE AVE N STE #310, SEATTLE, WA 98109-3528
Ownership since
2018
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
Jun 4, 2020
—
Friel Heat LLC
—
Deed
related
—
Jan 31, 2018
$5,722,300
Friel Heat LLC
La Piazza Properties LLC
Warranty Deed
$4,000,000 · Boeing Emps Cu
Dec 28, 2012
$3,984,475
La Piazza Properties LLC
Summit Properties II LLC
Warranty Deed
$3,485,000 · Foundation Bank
Oct 15, 2008
$2,419,731
Summit Properties II LLC
Dweedle LLC
Warranty Deed
$4,000,000 · Foundation Bank
Aug 21, 2008
$526,615
Summit Properties II LLC
Kh La Piazza LLC
Warranty Deed
—
May 26, 2006
—
City Of Redmond
City Of Kirkland
Quit Claim Deed
related
—
Nov 12, 2004
$3,698,000
Dweedle LLC
Thirteen Two Hundred Assocs Ll
Warranty Deed
—
Mar 1, 2000
$2,400,000
Thirteen Two Associates LLC
La Piazza Associates
Grant Deed
—
Apr 5, 1994
$405,000
La Piazza Associates
Donald F Miles E
Grant Deed
$1,250,000 · First Mutual Savings Bank
—
—
Summit Properties II LLC
—
Deed Of Trust
related
$500,000 · Horizon Bank
—
—
Friel Heat LLC
—
Loan Modification
related
—
—
—
Thirteen Two Hundred Assoc LLC
—
Deed Of Trust
related
$1,880,000 · Artesia Mortgage Capital Corp
—
—
Summit Properties II LLC
—
Deed Of Trust
related
$450,000 · Horizon 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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