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Property profile & analytics
FOR SALE
Medical Office Space

16455 85Th St Redmond, WA 98052

7,095 SF 0.5 ac lot Built 1982
Entity Owned 3-yr Hold Free & Clear
Property ID
US90-0056318
No photos on file
For Sale
$3,440,000 7,095 SF
16455 85Th St, Redmond, WA 98052
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Property summary
AI-generated overview

This exceptional office space, located at 16455 NE 85th St in Redmond, WA 98052, offers 7,095 square feet across two stories in a Class D building constructed in 1982. Currently, 376 square feet are vacant, presenting an immediate opportunity for lease. The building is categorized as Executive Office, Medical Office, and Traditional Office space, making it suitable for a variety of businesses. The property sits on a half-acre lot and provides ample parking with 26 spaces. Its prime location near downtown Redmond offers high foot traffic and convenient access to public transportation, including proximity to the upcoming East Link Light Rail station and the Redmond Transit Center. The area boasts strong economic appeal, further enhanced by the presence of major employers like Microsoft in close proximity. This presents a compelling investment opportunity in a high-demand area primed for future growth. The building's multiple tenancy structure allows for flexibility in lease terms and space configurations.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction WOOD
Total area 7,095 SF
Lot 0.5 ac (21,600 SF)
Zoning code EH
APN 671970-0160
UPID US90-0056318
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
  • Redmond Art of Dentistry Dental Office
  • Merchant Nadeem DDS Dental Office
  • Higgason Construction Construction Company
  • Bienstock Law, PLLC Law Firm Child Welfare Organization
  • Dr. Daniel Bickel Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.04M
Blend (final) Blend
$3.44M
Owner & transaction history
Rainier Dragon Property LLC · 3 yrs held
Rainier Dragon Property LLC
since 2023
Last sale
$3.5M
5 recorded transactions
2023
Price N/A
2018
$3.5M
2018
Price N/A
2006
$2.3M
1969
Price N/A
Zoning & alternative use
EH · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Code | Redmond, WA
Top alternative use upside
Commercial (general) $5.5M +96.7%
Restaurant $3.8M +34.3%
Auto repair, garage $3.3M +16.2%
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More about this property
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