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Property profile & analytics
OFF-MARKET
Estimated value
$7,490,000
Outlet malls
15301 24th St Redmond, WA 98052-5528
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-0820285
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,826 SF
Lot
2.95 ac (128,700 SF)
Zoning code
OV1
APN
262505-9054
UPID
US90-0820285
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
-
S.H Home Staging & Design Interior Design Home Decor Store
-
Redmond Goodwill Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.49M
Owner & transaction history
15301 Redmond LLC · 11 yrs held
15301 Redmond LLC
since 2015
7 recorded transactions
Zoning & alternative use
OV1 · Redmond, WA
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
$147 / 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
$76,559
Tax year 2022
Assessed value
$10,940,500
Assessed 2022
Previous assessed
$10,940,500
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$10,939,500
Assessed improvement
$1,000
Land market value
$10,939,500
Improvement market value
$1,000
Total market value
$10,940,500
Applied tax rate
2,016.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
50,826 SF
Lot
2.95 ac (128,700 SF)
Zoning code
OV1
APN
262505-9054
UPID
US90-0820285
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OV1 · Redmond, WAZoning OV1 · permitted uses
OV1 · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code | Redmond, WA
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.95 ac
Current owner
From public records · entity-resolved
15301 Redmond LLC
Entity
Free & Clear · 11 yrs held
Mailing address
700 DEARBORN PL S, SEATTLE, WA 98144-2736
Ownership since
2015
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
May 19, 2015
—
15301 Redmond LLC
Meyers Melody S
Quit Claim Deed
related
—
Feb 17, 2011
—
15301 Redmond LLC
Meyers,melody S
Quit Claim Deed
related
—
Nov 4, 2010
—
Melody S Meyers
Sternoff Family Trust 1
Quit Claim Deed
related
—
May 8, 2003
—
Mellon,tr
Union Bank Of California
Quit Claim Deed
related
—
Nov 7, 2000
—
Sternoff Trust
Sternoff Trust
Quit Claim Deed
related
—
Dec 9, 1994
$250,000
B T Sternoff
Sternco Properties
Quit Claim Deed
related
—
Mar 29, 1991
$916,666
Sternco Properties
Sternoff
Grant Deed
related
—
Mar 29, 1991
—
Sternco Properties
Goodstein,robert
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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