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Property profile & analytics
OFF-MARKET
Medical Office Space
17090 Avondale NE Way Redmond, WA 98052-4409
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0048916
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1955
Construction
WOOD
Total area
2,394 SF
Lot
0.24 ac (10,428 SF)
Zoning code
BC
APN
122505-9170
UPID
US90-0048916
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
-
Deep Tissue Massage Gym & Fitness Center Alternative Medicine Practice
-
Eva Sorosyne Physician
-
Jones Family Chiropractic Center Alternative Medicine Practice
-
Jones Family Chiropractic: Valerie Sadovsky, CCH Physician Alternative Medicine Practice
-
A Better View Massage Therapy, PLLC 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
Venson M Shaw · 8 yrs held
Venson M Shaw
since 2017
7 recorded transactions
Zoning & alternative use
BC · 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
$8,886
Tax year 2022
Assessed value
$1,208,100
Assessed 2022
Previous assessed
$1,208,100
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,042,800
Assessed improvement
$165,300
Land market value
$1,042,800
Improvement market value
$165,300
Total market value
$1,208,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Total area
2,394 SF
Lot
0.24 ac (10,428 SF)
Zoning code
BC
APN
122505-9170
UPID
US90-0048916
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BC · Redmond, WA
Zoning BC · permitted uses
BC · 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
1955
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Venson M Shaw
Individual
Mailing address
4720 117TH PL NE, KIRKLAND, WA 98033-8749
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
Ming Heng Shaw Vensofl
—
Deed
related
$575,000 · Banner Bank
Nov 30, 2017
$1,120,000
Venson M Shaw
Norma L Olsen
Warranty Deed
$600,000 · Us Bank NA
Nov 30, 2017
—
Venson Shaw
Elaine Sze
Intrafamily Transfer
related
—
Jan 25, 2007
—
Norman L Olsen
Kent Center Investors
Warranty Deed
—
Oct 28, 2005
$760,000
Kent Center Investors
Sean C Salazar
Warranty Deed
—
Nov 1, 2004
$625,000
Sean C Salazar
Vynne,john F & Barbara V
Warranty Deed
$562,500 · Us Bank NA
Jul 11, 2001
—
Redmond City (wa)
Vynne,john F & Barbara
Grant Deed
related
—
Apr 19, 1990
$245,000
John F Vynne
Prism Ltd
Grant Deed
—
—
—
John F Vynne
—
Deed Of Trust
related
$50,000 · Commerce Bank Of Washington
—
—
John F Wynne
—
Deed Of Trust
related
$350,000 · Commerce Bank Of Washington
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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