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Property profile & analytics
OFF-MARKET
Estimated value
$5,585,000
Office buildings
15590 31st St Redmond, WA 98052-5385
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-1649224
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
215,279 SF
Lot
14.92 ac (650,079 SF)
Zoning code
OBAT
APN
232505-9049
UPID
US90-1649224
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
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Microsoft Building 42 Corporate Office
-
Microsoft building 53 Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.59M
Owner & transaction history
City Of Redmond · 7 yrs held
City Of Redmond
since 2019
5 recorded transactions
Zoning & alternative use
OBAT · 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
$26 / 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
$1,333,670
Tax year 2022
Assessed value
$185,619,000
Assessed 2022
Previous assessed
$185,619,000
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$42,905,200
Assessed improvement
$142,713,800
Land market value
$42,905,200
Improvement market value
$142,713,800
Total market value
$185,619,000
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
1997
Construction
CONCRETE
Heating
CENTRAL
Buildings
4
Stories
4
Total area
215,279 SF
Lot
14.92 ac (650,079 SF)
Zoning code
OBAT
APN
232505-9049
UPID
US90-1649224
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OBAT · Redmond, WA
Zoning OBAT · permitted uses
OBAT · 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
1997
Construction
CONCRETE
Heating
CENTRAL
Stories
4
Buildings
4
Lot
14.92 ac
Current owner
From public records · entity-resolved
City Of Redmond
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 97010, REDMOND, WA 98073-9710
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2019
—
City Of Redmond
Microsoft Corp
Grant Deed
—
Jun 20, 2019
—
Central Puget Sound Regl Tran
Microsoft Corp
Correction Deed
related
—
Nov 9, 2017
—
Central Puget Sound Regional T
Microsoft Corp
Quit Claim Deed
related
—
Jul 31, 2008
—
City Of Redmond
Microsoft Corp
Grant Deed
—
Mar 31, 1992
$6,190,000
Microsoft Corporation
Simpson Timber C
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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