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Property profile & analytics
FOR LEASE
Office buildings
15600 NE Redmond Way Redmond, WA 98052
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0729266
For Lease
$24 SF/Yr
15600 NE Redmond Way, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,943 SF
Lot
1.3 ac (56,700 SF)
Zoning code
SMT
APN
112505-9054
UPID
US90-0729266
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
-
Klein Plumbing & Drain Cleaning Plumbing Service General Contractor
-
Cristina Sanders, Psy.D., PLLC Physician Medical Clinic
-
Creekside Behavioral Health Physician Medical Clinic
-
Youth Eastside Services Crisis Center Medical Clinic
-
Bainbridge Jennifer Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Lh Redmond Gateway LLC · 6 yrs held
Lh Redmond Gateway LLC
since 2019
7 recorded transactions
Zoning & alternative use
SMT · 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
$146 / 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
$65,628
Tax year 2022
Assessed value
$8,938,800
Assessed 2022
Previous assessed
$8,938,800
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,221,500
Assessed improvement
$717,300
Land market value
$8,221,500
Improvement market value
$717,300
Total market value
$8,938,800
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
For Lease
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
2
Stories
1
Total area
5,943 SF
Lot
1.3 ac (56,700 SF)
Zoning code
SMT
APN
112505-9054
UPID
US90-0729266
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SMT · Redmond, WA
Zoning SMT · permitted uses
SMT · 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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Buildings
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
Lh Redmond Gateway LLC
Entity
Mailing address
1251 120TH AVE NE #213, KIRKLAND, WA 98033
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2019
$9,050,000
Lh Redmond Gateway LLC
Westgate Building LLC
Warranty Deed
$5,910,000 · Morgan Stanley Bank NA
Jan 3, 2001
—
Robert C Wallace
Wallace Westgate Partnership
Quit Claim Deed
related
—
Jan 3, 2001
$4,600,000
Westgate Building LLC
Wallace,robert C & Joan S
Grant Deed
$3,250,000 · Seattle Mortgage Services Co
Aug 16, 1990
$1,580,000
Westgate Partnershi Wallace
Wallace,robert C
Quit Claim Deed
related
—
—
—
Westgate Building LLC
—
Deed Of Trust
related
$3,370,000 · Us Bank NA
—
—
Westgate Building LLC
—
Deed Of Trust
related
$3,637,500 · Rainier Pacific Bank
—
—
Wallace/westgate Partnership
—
Deed Of Trust
related
$2,625,000 · Pacific Northwest Bank
—
—
Westgate Building LLC
—
Deed Of Trust
related
$4,000,000 · Bank Of The West
—
—
Westgate Building LLC
—
Deed Of Trust
related
$3,950,000 · Evertrust Bank
—
—
Burton Oberg
—
Deed Of Trust
related
$240,000 · Summit Savings Bank
—
—
Wallace Westgate Partnership
—
Deed Of Trust
related
$2,332,800 · Key Bank NA
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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