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Property profile & analytics
OFF-MARKET
Estimated value
$6,290,000
Warehouses
17935 65th St Redmond, WA 98052-4964
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1428739
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,289 SF
Lot
0.96 ac (41,742 SF)
Zoning code
MDD5
APN
630750-0030
UPID
US90-1428739
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
-
MoveMend Physical Therapy Medical Clinic
-
Doxa Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$6.29M
Owner & transaction history
Doxa Church Eastside · 3 yrs held
Doxa Church Eastside
since 2023
Last sale
$6.5M
3 recorded transactions
Zoning & alternative use
MDD5 · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code | Redmond, WA
Top alternative use upside
Restaurant
$9.7M
+84.9%
Auto repair, garage
$8.4M
+60.0%
Medical building
$7.2M
+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
$6,195,000
ML approach
$6,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,250,000
Current use
RESTAURANT
$9,705,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,395,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$7,225,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$7,175,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,975,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$6.29M
Range $5.66M – $6.92M · ±10% · vs last sale $6.50M (Feb 7 2023)
Last sale anchor
$6.50M
Feb 7 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
$344 / 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
$34,213
Tax year 2022
Assessed value
$4,658,700
Assessed 2022
Previous assessed
$4,658,700
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,504,500
Assessed improvement
$2,154,200
Land market value
$2,504,500
Improvement market value
$2,154,200
Total market value
$4,658,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,289 SF
Lot
0.96 ac (41,742 SF)
Zoning code
MDD5
APN
630750-0030
UPID
US90-1428739
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MDD5 · Redmond, WAZoning MDD5 · permitted uses
MDD5 · 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
$5.3M
RESTAURANT
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$7.2M
RETAIL STORES
Est. value
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$7.0M
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Doxa Church Eastside
Entity
Mailing address
17935 NE 65TH ST, REDMOND, WA 98052-4964
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
$6,500,000
Doxa Church Eastside
Three Little Bears LLC
Bargain And Sale Deed
$5,800,000 · Church Development Fund INC
Nov 30, 1995
—
Three Little Bears LLC
Mike Harvitz Family LP
Quit Claim Deed
related
—
—
—
Three Little Bears LLC
—
Deed Of Trust
related
$101,397 · Towne Bank
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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