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Property profile & analytics
OFF-MARKET
Estimated value
$25,020,000
Hotels
16630 Redmond Way, Redmond, WA 98052-4434
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-0161293
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2019
Construction
STEEL FRAME
Total area
241,621 SF
Lot
1.24 ac (54,159 SF)
Zoning code
AP
APN
122505-9103
UPID
US90-0161293
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
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Blink Charging Station Electric Vehicle Charging Station
-
Redeemer Redmond Church Church
-
Fork and Spoke Restaurant
-
Steamoji Redmond - a STEM Maker Academy for Kids Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.02M
Owner & transaction history
City Of Redmond · 8 yrs held
City Of Redmond
since 2018
4 recorded transactions
Zoning & alternative use
AP · 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
$104 / 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
$264,687
Tax year 2022
Assessed value
$36,059,400
Assessed 2022
Previous assessed
$36,059,400
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,665,400
Assessed improvement
$27,394,000
Land market value
$8,665,400
Improvement market value
$27,394,000
Total market value
$36,059,400
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
OTHER
Stories
7
Total area
241,621 SF
Lot
1.24 ac (54,159 SF)
Zoning code
AP
APN
122505-9103
UPID
US90-0161293
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
AP · Redmond, WA
Zoning AP · permitted uses
AP · 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
2019
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
7
Lot
1.24 ac
Current owner
From public records · entity-resolved
City Of Redmond
Entity
Free & Clear · 8 yrs held
Mailing address
203 SE PARK PLZ DR STE #230, VANCOUVER, WA 98684-5884
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
—
City Of Redmond
Anderson Park Hotel LLC
Grant Deed
—
Jun 18, 2018
—
Anderson Park Hotel LLC
—
Grant Deed
related
$33,000,000 · Washington Fed'l Svgs
Oct 27, 2016
$6,300,000
Anderson Park Hotel LLC
Tollefson Properties LP
Warranty Deed
—
Feb 12, 2016
—
Tollefson Properties LP
—
Grant Deed
related
$3,000,000 · Cpif Lending LLC Cpif Lending 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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