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    15902 Woodinville Redmond NE Rd Woodinville, WA 98072-4572
    Property profile & analytics

    15902 Woodinville Redmond NE Rd Woodinville, WA 98072-4572

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    • Warehouses
    • 95,527 SF
    • 3.56 lot acres
    For Lease
    $1.75 SF/Yr
    View Listing →
    Woodinville Warehouse Space Available For Lease
    $1.75 SF/Yr
    3,500 SF

    Woodinville Warehouse Space Available

    3,500 SF warehouse space with dock and grade loading.

    15902 Woodinville Redmond Rd NE, Woodinville, WA
    View Listing
    Property ID
    US90-1348924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $29,660,000
    Cap Rate Potential
    6.3%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 15902 Woodinville Redmond NE Rd

    Year built
    2017
    Construction
    CONCRETE
    Lot size
    3.56 lot acres
    Property size
    95,527 SF
    Zone code
    I
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    152605-9068
    APU
    1526059068

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $28,330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $29,790,000
      6.5%
      $27,495,000
      7%
      $25,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,845,000
      Market price range: $20.5M - $31.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $27,930,000
      Current use
      COMMERCIAL (GENERAL)
      $48,695,000
      Change: +74% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $43,855,000
      Change: +57% Conversion: Easy
      MEDICAL BUILDING
      $37,735,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $37,475,000
      Change: +34% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $36,430,000
      Change: +30% Conversion: Easy
      OFFICE BUILDING
      $36,015,000
      Change: +29% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodinville
    County
    King
    State
    Washington
    Longitude
    -122.157
    Latitude
    47.7441
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $179,473
    $3,565,300
    $16,663,400
    $20,228,700
    -
    $3,565,300
    $16,663,400
    $20,228,700

    Comparable in this City

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      78,750 SF

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    • Value Estimation
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      28,400 SF

      24300 Snohomish Woodinville Rd

      MINI-WAREHOUSE, STORAGE • 28,400 SF
      24300 Snohomish Woodinville Rd, Woodinville, WA 98072-9797
      View Details
    • Value Estimation
      $1,565,000
      8,177 SF

      14525 Nen Woodinville Way

      MINI-WAREHOUSE, STORAGE • 8,177 SF
      14525 Nen Woodinville Way, Woodinville, WA 98072-6435
      View Details
    • Value Estimation
      $13,185,000
      86,804 SF

      14715 Nen Woodinville Way

      MINI-WAREHOUSE, STORAGE • 86,804 SF
      14715 Nen Woodinville Way, Woodinville, WA 98072-4447
      View Details
    • Value Estimation
      $6,085,000
      39,807 SF

      21601 Bostian Rd

      MINI-WAREHOUSE, STORAGE • 39,807 SF
      21601 Bostian Rd, Woodinville, WA 98072-4805
      View Details
    • Value Estimation
      $6,065,000
      46,897 SF

      19800 141st NE Pl

      WAREHOUSE, STORAGE • 46,897 SF
      19800 141st NE Pl, Woodinville, WA 98072-8432
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      35,805 SF flex asset in Woodinville, WA.
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      Woodinville Industrial Property For Sale

      Industrial property with highway access and long-term lease.
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      Woodinville Multi-Tenant Industrial Business Park

      19,340 SF multi-tenant industrial park in Woodinville, WA.
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      Woodinville Land with Warehouse Potential

      4.49 acres of general business zoned land for sale.
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      Woodinville Industrial Building For Rent

      Stand-alone industrial building with office space in Woodinville, Washington.
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      76,346 SF

      New Construction Warehouse Opportunity

      New construction warehouse, shell completion expected December 2025.
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    Similar Nearby for Lease

    • Contact for pricing
      6,240 SF

      Woodinville Warehouse Space Available

      6,240 SF warehouse/industrial space for lease in Woodinville, WA.
      12602-12604 NE 178Th St, Woodinville, WA 98072
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    • Contact for pricing
      45,302 SF

      Woodinville Warehouse Space Available

      45,302 square foot warehouse space for lease in Woodinville.
      6430 240Th St SE, Woodinville, WA 98072
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      84,442 SF

      Woodinville Warehouse Space Available

      84,442 SF warehouse space for lease in Woodinville.
      18501 139Th Ave NE, Woodinville, WA 98072
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      12,360 SF

      Woodinville Industrial Building For Rent

      Stand-alone industrial building with substantial power and easy access.
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      7,000 SF

      Woodinville Warehouse with Office Space

      7,000 SF warehouse featuring office area and loading docks.
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      3,132 SF

      Woodinville Warehouse Space Available

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      View Details
    View Listing
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    Woodinville, WA 98072-4572
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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