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Property profile & analytics
FOR SALE
Office buildings
16440 NE 85Th St Redmond, WA 98052
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0841328
For Sale
1 / 6
$4,198,000
16440 NE 85Th St, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Construction
WOOD
Total area
2,200 SF
Lot
0.5 ac (21,750 SF)
Zoning code
EH
APN
012505-9116
UPID
US90-0841328
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
-
Sharon Wagener Dewolf Alternative Medicine Practice
-
Redmond Back & Neck Care Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clinic On 85th Street LLC · 6 yrs held
Clinic On 85th Street LLC
since 2020
Last sale
$300,000
5 recorded transactions
Zoning & alternative use
EH · 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
—
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
$24,770
Tax year 2022
Assessed value
$3,372,200
Assessed 2022
Previous assessed
$3,372,200
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,371,200
Assessed improvement
$1,000
Land market value
$3,371,200
Improvement market value
$1,000
Total market value
$3,372,200
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 Sale
Year built
1948
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
1
Total area
2,200 SF
Lot
0.5 ac (21,750 SF)
Zoning code
EH
APN
012505-9116
UPID
US90-0841328
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
EH · Redmond, WA
Zoning EH · permitted uses
EH · 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
1948
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Clinic On 85th Street LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 2320, REDMOND, WA 98073-2320
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
—
Innate Holdings LLC
—
Deed
related
$750,000 · Us Bank NA
Jun 23, 2020
—
Clinic On 85th Street LLC
Robert H Dewolf
Quit Claim Deed
related
—
Aug 30, 1996
$300,000
Robert H Dewolf
Thompson,hugh A & Audrey E
Grant Deed
$265,000 · Seller
—
—
Robert H Dewolf
—
Deed Of Trust
related
$750,000 · Mufg Union Bk NA
—
—
Robert H Dewolf
—
Deed Of Trust
related
$460,000 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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