Financial
Distress signals
Property profile

16455 Northeast 85Th St Redmond, WA 98052

FOR SALE
Medical Office Space
Property ID
US90-0056318
7,095 SF 0.5 ac lot Built 1982
Last sale Jul 2018 · $3,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is located near downtown Redmond and provides convenient access to local transit, including proximity to the East Link Light Rail station area and the Redmond Transit Center. It is within walking distance of retail, dining, grocery services, parks, and other essential amenities, and the surrounding area includes major employers such as Microsoft. The site includes on-site parking and comprises approximately 7,095 square feet. It is zoned EH (per the downtown Redmond edge zoning

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$25k
Tax billed · 2022
Assessed value$3.35M
Assessed land$3.35M
Assessed improvement$1k
Effective rate0.73%

Value estimate

· Sep 2026
$3.34M
$3.00M – $3.67M
AI approach$3.43M
Sales comparison$4.04M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$395/SF
County average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$227 – $570
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
EH
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store8.8
Shoe Repair8.6
Florist8.3

Location

16455 Northeast 85Th St Redmond, WA 98052
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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