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Property profile & analytics
OFF-MARKET
Estimated value
$29,660,000
Warehouses
15902 Woodinville Redmond NE Rd, Woodinville, WA 98072-4572
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1348924
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
CONCRETE
Total area
95,527 SF
Lot
3.56 ac (155,016 SF)
Zoning code
I
APN
152605-9068
UPID
US90-1348924
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
by Request
CAP Approach
CAP
$27.50M
Comparable Approach
Comparable
$28.85M
Blend (final)
Blend
$29.66M
Owner & transaction history
Crp III Woodinville Reserve Wa LLC · 2 yrs held
Crp III Woodinville Reserve Wa LLC
since 2024
Last sale
$31.8M
7 recorded transactions
Zoning & alternative use
I · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$48.7M
+74.4%
Auto repair, garage
$43.9M
+57.0%
Medical building
$37.7M
+35.1%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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
$28,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,790,000
6.5%
$27,495,000
7%
$25,535,000
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
Blend value · Realmo final
$29.66M
Range $26.69M – $32.63M · ±10% · vs last sale $31.81M (Jul 13 2022)
Last sale anchor
$31.81M
Jul 13 2022
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
$310 / 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
$179,473
Tax year 2022
Assessed value
$20,228,700
Assessed 2022
Previous assessed
$20,228,700
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$3,565,300
Assessed improvement
$16,663,400
Land market value
$3,565,300
Improvement market value
$16,663,400
Total market value
$20,228,700
Applied tax rate
2,505.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
95,527 SF
Lot
3.56 ac (155,016 SF)
Zoning code
I
APN
152605-9068
UPID
US90-1348924
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I · Woodinville, WA
Zoning I · permitted uses
I · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$27.9M
COMMERCIAL (GENERAL)
Est. value
$48.7M
AUTO REPAIR, GARAGE
Est. value
$43.9M
MEDICAL BUILDING
Est. value
$37.7M
RETAIL STORES
Est. value
$37.5M
INDUSTRIAL (GENERAL)
Est. value
$36.4M
OFFICE BUILDING
Est. value
$36.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
3.56 ac
Current owner
From public records · entity-resolved
Crp III Woodinville Reserve Wa LLC
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
$34,233,372
Crp III Woodinville Reserve Wa LLC
Bcif Reserve At Woodinville Logisti
Bargain & Sale Deed
$24,950,000 · Holdco LLC
Jul 13, 2022
$31,807,000
Hs Woodnville Storage LLC
Wa Woodinville Self Storage LLC
Special Warranty Deed
—
Dec 17, 2019
$34,525,000
Bcif Reserve At Woodinville Lo
Woodinville Reserve Hldgs LLC
Grant Deed
—
Apr 23, 2018
—
Wa Woodinville Self Storage Ll
—
Grant Deed
related
$10,700,000 · Us Bk
Oct 31, 2017
$6,931,427
Wa Woodinville Self Storage Ll
Woodinville Reserve Holdings L
Warranty Deed
related
—
Sep 16, 2016
—
Woddinville Reserve Holdings LLC
—
Deed
related
$17,258,322 · Texas Capital Bank NA
Aug 30, 2016
$8,500,000
Woodinville Reserve Holdings L
Bd Real Estate LLC
Warranty Deed
—
Aug 1, 2014
$5,500,000
Black Dog Properties LLC
B D Real Estate LLC
Warranty Deed
$4,400,000 · Coastal Community Bank
Dec 24, 2012
$8,400,000
Bd Real Estate LLC
Woodinville Lumber INC
Grant Deed
$6,500,000 · Bank Of America
Feb 1, 2011
—
Woodinville Lumber INC
—
Deed Of Trust
related
$12,836,000 · Tcf National Bank
Jan 31, 2011
—
Woodinville Lumber INC
—
Deed Of Trust
related
$7,280,000 · Tcf National Bank
Jan 7, 2011
—
Woodinville Lumber INC
—
Deed Of Trust
related
$12,836,000 · Tcf National Bank
May 9, 2002
$6,200,000
Woodinville Lumber INC
Prendergast,richard J & Sue R
Grant Deed
$5,500,000 · W L INC
Dec 31, 1992
$100,000
Woodinville Lumber Co
Us Bank O Washin
Grant Deed
—
—
—
Woodinville Lumber INC
—
Deed Of Trust
related
$5,500,000 · W L INC
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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