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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Office Spaces
16640 83rd St Redmond, WA 98052-3915
Entity Owned
3-yr Hold
Property ID
US90-0213626
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1942
Construction
WOOD
Total area
1,050 SF
Lot
0.17 ac (7,200 SF)
Zoning code
EH
APN
012505-9068
UPID
US90-0213626
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
-
Katie Ostler DMD Family & Cosmetic Dentistry Dental Office
-
Dr. Katherine Ostler Dental Office
-
Bean Financial Advisors Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.34M
Owner & transaction history
Deb LLC · 3 yrs held
Deb LLC
since 2023
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
EH · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+24.0%
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
$1,305,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Current use
OFFICE BUILDING
$1,010,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.37M (May 11 2023)
Last sale anchor
$1.37M
May 11 2023
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
$1,271 / 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
$8,482
Tax year 2022
Assessed value
$1,153,000
Assessed 2022
Previous assessed
$1,153,000
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,152,000
Assessed improvement
$1,000
Land market value
$1,152,000
Improvement market value
$1,000
Total market value
$1,153,000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,050 SF
Lot
0.17 ac (7,200 SF)
Zoning code
EH
APN
012505-9068
UPID
US90-0213626
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$815,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Deb LLC
Entity
Mailing address
15955TH NE 85TH ST STE #101, REDMOND, WA 98052
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$1,370,000
Deb LLC
Seppo Real Estate LLC
Warranty Deed
—
Jul 14, 2020
—
Seppo Real Estate LLC
—
Deed
related
$448,000 · First Citizens Bank & Trust Co
Sep 26, 2016
—
Seppo Real Estate LLC
—
Deed
related
$535,000 · First Citizens Bank & Trust Co
Apr 6, 2012
$450,000
Seppo Real Estate LLC
Bean,stephen C & Marcia C
Warranty Deed
$585,100 · Compass Bank
Nov 1, 2002
$325,000
Stephen C Bean
Vogt,dennis H & Linda B
Grant Deed
$260,000 · Pacific Guarantee Mortgage
Apr 24, 1992
$118,800
Frank B Paustain
Hopkins
Grant Deed
—
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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