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Property profile & analytics
OFF-MARKET
Estimated value
$34,235,000
Warehouses
15902 Woodinville Redmond NE Rd, Woodinville, WA 98072-4572
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1980778
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
159,528 SF
Lot
8.8 ac (383,232 SF)
Zoning code
I
APN
152605-9053
UPID
US90-1980778
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
$34.24M
CAP Approach
CAP
$29.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.24M
Owner & transaction history
Crp III Woodinville Reserve Wa LLC · 2 yrs held
Crp III Woodinville Reserve Wa LLC
since 2024
Last sale
$34.2M
7 recorded transactions
Zoning & alternative use
I · Woodinville, 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 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
$34,235,000
ML approach
$34,235,000
CAP Approach
CAP Return
Estimation
6%
$32,470,000
6.5%
$29,975,000
7%
$27,830,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$46,640,000
Current use
Blend value · Realmo final
$34.24M
Range $30.81M – $37.66M · ±10% · vs last sale $34.23M (Jan 4 2024)
Last sale anchor
$34.23M
Jan 4 2024
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
$215 / 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
$341,343
Tax year 2022
Assessed value
$37,818,900
Assessed 2022
Previous assessed
$37,818,900
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$8,814,300
Assessed improvement
$29,004,600
Land market value
$8,814,300
Improvement market value
$29,004,600
Total market value
$37,818,900
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
159,528 SF
Lot
8.8 ac (383,232 SF)
Zoning code
I
APN
152605-9053
UPID
US90-1980778
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
$46.6M
WAREHOUSE, STORAGE Current
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
8.8 ac
Current owner
From public records · entity-resolved
Crp III Woodinville Reserve Wa LLC
Entity
Mailing address
1300 DOVE ST STE #200, NEWPORT BEACH, CA 92660-2426
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 And Sale Deed
$24,950,000 · Holdco LLC
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
—
Trustees Deed
related
$10,700,000 · Us Bk
Aug 30, 2016
$8,500,000
Woodinville Reserve Holdings L
Bd Real Estate LLC
Warranty Deed
—
Dec 24, 2012
$8,400,000
Bd Real Estate LLC
Woodinville Lumber INC
Grant Deed
$6,500,000 · Bank Of America
Nov 10, 2004
—
Woodinville Lumber INC
—
Deed Of Trust
related
$7,280,000 · 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
May 9, 2002
—
Woodinville Lumber INC
—
Deed Of Trust
related
$5,500,000 · W L INC
Mar 26, 2002
—
Richard J Prendergast
Holzknecht,earl H & Marie R
Quit Claim Deed
related
—
Jan 12, 1996
—
W L INC
Woodinville Lumber Co INC
Quit Claim Deed
related
—
Sep 19, 1994
$35,000
Richard J Predergast
Holzknecht,earl H & Marie R
Quit Claim Deed
related
—
—
—
Woodinville Lumber INC
—
Deed Of Trust
related
$7,280,000 · Tcf National Bank
—
—
Woodinville Lumber INC
—
Deed Of Trust
related
$12,836,000 · Tcf National Bank
—
—
Woodinville Lumber INC
—
Deed Of Trust
related
$7,280,000 · Tcf National Bank
—
—
Woodinville Lumber INC
—
Deed Of Trust
related
$12,836,000 · Tcf National 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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