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Property profile & analytics
OFF-MARKET
Estimated value
$11,425,000
Warehouses
17515 67th Ct Redmond, WA 98052-4939
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-3258344
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,737 SF
Lot
2.15 ac (93,449 SF)
Zoning code
MDD2
APN
519550-0210
UPID
US90-3258344
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.02M
Blend (final)
Blend
$11.43M
Owner & transaction history
Crp Mainstreet Spark Owner LLC · 4 yrs held
Crp Mainstreet Spark Owner LLC
since 2021
Last sale
$14.3M
7 recorded transactions
Zoning & alternative use
MDD2 · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code | Redmond, WA
Top alternative use upside
Restaurant
$16.3M
+84.9%
Auto repair, garage
$14.1M
+60.0%
Medical building
$12.1M
+37.7%
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
$15,355,000
ML approach
$9,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,820,000
Current use
RESTAURANT
$16,305,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,110,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$12,140,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$12,060,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$11,720,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$11.43M
Range $10.28M – $12.57M · ±10% · vs last sale $14.25M (Dec 15 2021)
Last sale anchor
$14.25M
Dec 15 2021
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
$372 / 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
$54,898
Tax year 2022
Assessed value
$7,476,900
Assessed 2022
Previous assessed
$7,476,900
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,475,900
Assessed improvement
$1,000
Land market value
$7,475,900
Improvement market value
$1,000
Total market value
$7,476,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
30,737 SF
Lot
2.15 ac (93,449 SF)
Zoning code
MDD2
APN
519550-0210
UPID
US90-3258344
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MDD2 · Redmond, WAZoning MDD2 · permitted uses
MDD2 · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code | Redmond, WA
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.8M
RESTAURANT
Est. value
$16.3M
AUTO REPAIR, GARAGE
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$11.7M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Crp Mainstreet Spark Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
12332 NE 115TH PL, KIRKLAND, WA 98033-4430
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$14,250,000
Crp Mainstreet Spark Owner LLC
Mmi Green LLC
Warranty Deed
—
Oct 1, 2009
$3,500,000
Mmi Green LLC
Brooks,joanne D B
Warranty Deed
—
May 20, 2008
—
Bond Joanne D B Trust
Bond Joanne D B
Quit Claim Deed
related
—
Aug 2, 2006
$760,000
State Of Washington
Bond,d Alan
Warranty Deed
—
May 26, 2004
—
Washington State
Bond,d A & Joanne D
Quit Claim Deed
related
—
Jul 27, 1990
$1,850,000
D Alan Bond
Yedor Northwest
Grant Deed
—
Jul 31, 1989
$1,385,000
Northwest Proper Yedor
Seafirst
Grant Deed
—
—
—
Bond D A
—
Deed Of Trust
related
$1,100,000 · Standard Mortgage Investors
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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