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Property profile & analytics
OFF-MARKET
Estimated value
$370,000
Turn key restaurants
16330 Cleveland St Redmond, WA 98052-4314
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0991022
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,700 SF
Lot
0.37 ac (16,058 SF)
Zoning code
OT
APN
719880-0086
UPID
US90-0991022
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
-
Prime Steakhouse Redmond Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$370k
Owner & transaction history
Andorra Ventures LLC · 1 yrs held
Andorra Ventures LLC
since 2025
7 recorded transactions
Zoning & alternative use
OT · Redmond, WA
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
Method
Estimation
Statistic approach
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$370k
Range $333k – $407k · ±10%
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
$100 / 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
$14,169
Tax year 2022
Assessed value
$1,927,900
Assessed 2022
Previous assessed
$1,927,900
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,926,900
Assessed improvement
$1,000
Land market value
$1,926,900
Improvement market value
$1,000
Total market value
$1,927,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
3,700 SF
Lot
0.37 ac (16,058 SF)
Zoning code
OT
APN
719880-0086
UPID
US90-0991022
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OT · Redmond, WAZoning OT · permitted uses
OT · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code | Redmond, WA
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Andorra Ventures LLC
Entity
Mailing address
3861 E LK SAMMAMISH PKWY NE, SAMMAMISH, WA 98074-4524
Ownership since
2025
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
Apr 10, 2025
—
Andorra Ventures LLC
Andorra Ventures LLC
Deed
related
—
Feb 17, 2022
—
Andorra Ventures LLC
—
Deed
related
$1,000,000 · Peter Norman
Nov 5, 2021
—
Andorra Ventures LLC
—
Deed
related
$2,800,000 · East West Bank
Jan 7, 2021
—
Andorra Ventures LLC
—
Deed
related
$800,000 · Wpdc Cleveland LLC
Dec 1, 2017
$3,200,000
Andorra Ventures LLC
Wpdc Cleveland LLC
Grant Deed
$800,000 · Wpdc Cleveland LLC
May 25, 2012
$1,109,520
Wpdc Cleveland LLC
Shilla INC
Warranty Deed
$650,000 · Shilla INC
Nov 3, 1995
$345,000
Shilla INC
Steaks & Sprits INC
Grant Deed
$100,000 · Seller
—
—
Shilla INC
—
Deed Of Trust
related
$998,000 · Pacific Union Bank
—
—
Shilla INC
—
Deed Of Trust
related
$495,000 · Wilshire State Bank
—
—
Shilla INC
—
Deed Of Trust
related
$1,200,000 · Hanmi Bank
—
—
Andorra Ventures LLC
—
Loan Modification
related
$800,000 · Wpdc Cleveland LLC
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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