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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
15424 Bel Red Rd Redmond, WA 98052-5509
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0852944
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
FRAME
Total area
3,360 SF
Lot
0.49 ac (21,187 SF)
Zoning code
OV1
APN
067310-0073
UPID
US90-0852944
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
City Of Redmond A Muni Corp Of St O · 2 yrs held
City Of Redmond A Muni Corp Of St O
since 2024
7 recorded transactions
Zoning & alternative use
OV1 · 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
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$164 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$17,490
Tax year 2024
Assessed value
$1,801,800
Assessed 2023
Previous assessed
$1,801,800
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,800,800
Assessed improvement
$1,000
Land market value
$1,800,800
Improvement market value
$1,000
Total market value
$1,801,800
Applied tax rate
2,010.0000
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
1979
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,360 SF
Lot
0.49 ac (21,187 SF)
Zoning code
OV1
APN
067310-0073
UPID
US90-0852944
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OV1 · Redmond, WA
Zoning OV1 · permitted uses
OV1 · 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
1979
Construction
FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
City Of Redmond A Muni Corp Of St O
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
Bel Red Partners LLC
—
Deed
related
$5,800,000 · Washington Federal NA
Apr 3, 2024
—
City Of Redmond A Muni Corp Of St O
Bel-red Partners LLC
Quit Claim Deed
related
—
Mar 10, 2023
—
First Republic Bank
Bel Red Partners LLC
Assignment Of Lease (leasehold Sale)
$3,050,000 · First Republic Bank
Dec 30, 2022
—
Bel Red Partners LLC
—
Deed
related
$3,965,000 · M & T Bank
Mar 31, 2020
—
Bel Red Partners LLC
—
Deed
related
$3,630,000 · M & T Bank
Jan 31, 2020
$2,769,788
Bel-red Partners LLC
Western Management Ents LLC
Warranty Deed
$2,300,000 · Western Management Ents LLC
May 4, 2016
—
Western Management Ents LLC
Robinson,herman L & Nancy L
Quit Claim Deed
related
—
Jun 30, 2006
$750,000
Herman L Robinson
Ev II LLC
Grant Deed
$745,113 · Ev II LLC
Aug 1, 2005
$1,250,000
Ev II LLC
Amnueypol & Washburn & Sons
Warranty Deed
$750,000 · Amnueypol & Washburn & Sons LP
Jun 1, 1994
$390,000
Amnuevpol Washburn LP
Lamb Hanson Lamb
Grant Deed
—
Jun 20, 1991
$355,000
Hanson Lamb Appraisal Lamb
Scott,james Lenn
Grant Deed
$266,200 · First Interstate Bank Washingt
—
—
Herman L Robinsom
—
Deed Of Trust
related
$729,967 · Ironstone Bank
—
—
Amnueypol LP
—
Deed Of Trust
related
$250,000 · Seafirst Bank
—
—
Amuneypol LP
—
Deed Of Trust
related
$60,600 · Banner 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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