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Property profile & analytics
OFF-MARKET
Estimated value
$13,100,000
Auto shops
17825 65th St Redmond, WA 98052-4993
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1016587
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,000 SF
Lot
2.46 ac (106,956 SF)
Zoning code
MDD5
APN
122505-9189
UPID
US90-1016587
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
-
Jim's Automotive Performance Auto Repair Shop
-
Acme Auto Detail Auto Repair Shop
-
Siemens Engineering Consultant Engineer
-
Mac & Jack's Brewery Production Facility Brewery & Distillery
-
Ramgen Power Systems LLC Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.83M
Blend (final)
Blend
$13.10M
Owner & transaction history
Mmv Holdings LLC · 5 yrs held
Mmv Holdings LLC
since 2021
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
MDD5 · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.6M
+109.9%
Commercial (general)
$9.3M
+69.2%
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
$16,160,000
ML approach
$9,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,565,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,320,000
Change: +69% · Conversion: Moderate
Blend value · Realmo final
$13.10M
Range $11.79M – $14.41M · ±10% · vs last sale $15.00M (Jul 1 2021)
Last sale anchor
$15.00M
Jul 1 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
$1,092 / 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
$106,774
Tax year 2022
Assessed value
$14,544,700
Assessed 2022
Previous assessed
$14,544,700
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,417,300
Assessed improvement
$8,127,400
Land market value
$6,417,300
Improvement market value
$8,127,400
Total market value
$14,544,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
4
Stories
1
Total area
12,000 SF
Lot
2.46 ac (106,956 SF)
Zoning code
MDD5
APN
122505-9189
UPID
US90-1016587
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MDD5 · Redmond, WA
Zoning MDD5 · permitted uses
MDD5 · 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
OFFICE BUILDING
Est. value
$11.6M
COMMERCIAL (GENERAL)
Est. value
$9.3M
OFFICE BUILDING
COMMERCIAL (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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
4
Lot
2.46 ac
Current owner
From public records · entity-resolved
Mmv Holdings LLC
Entity
Mailing address
PO BOX 140, REDMOND, WA 98073-0140
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Mmv Holdings LLC
—
Deed
related
$22,400,000 · Washington Federal NA
Jul 1, 2021
$15,000,000
Mmv Holdings LLC
North Sammamish LLC
Special Warranty Deed
$9,750,000 · Washington Federal NA
Oct 26, 2016
—
North Sammamish LLC
—
Deed
related
$2,434,000 · Us Bank NA
Feb 17, 2006
—
North Sammamish LLC
Duncan,steven R
Quit Claim Deed
related
—
Feb 13, 2006
—
North Sammamish LLC
Bailey,anne C
Quit Claim Deed
—
Apr 5, 1996
$2,275,000
Robert W Duncan
North Sammamish Associates
Grant Deed
$270,000 · Seller
—
—
Robert W Duncan
—
Deed Of Trust
related
$1,775,000 · Washington Mutual Fsb
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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