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Property profile & analytics
FOR LEASE
Office buildings
18300 Redmond Way Redmond, WA 98052
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0983542
No photos on file
For Lease
$48,990,000
18300 Redmond Way, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
160,510 SF
Lot
5.35 ac (233,182 SF)
Zoning code
BP
APN
131830-0020
UPID
US90-0983542
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
-
Cashman Consulting Financial Advisor
-
Redmond Technology Center Business Service Center Corporate Office
-
Denali Advanced Integration (Bike/Boat/Book/etc) Store Corporate Office
-
Pushpay (Bike/Boat/Book/etc) Store Corporate Office
-
Sogeti USA (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$55.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$48.99M
Owner & transaction history
Sterling Realty Org Co · 7 yrs held
Sterling Realty Org Co
since 2019
7 recorded transactions
Zoning & alternative use
BP · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$60,170,000
6.5%
$55,545,000
7%
$51,575,000
Blend value · Realmo final
$48.99M
Range $44.09M – $53.89M · ±10%
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
$305 / 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
$310,861
Tax year 2022
Assessed value
$42,350,000
Assessed 2022
Previous assessed
$42,350,000
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,627,700
Assessed improvement
$33,722,300
Land market value
$8,627,700
Improvement market value
$33,722,300
Total market value
$42,350,000
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2008
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
160,510 SF
Lot
5.35 ac (233,182 SF)
Zoning code
BP
APN
131830-0020
UPID
US90-0983542
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BP · Redmond, WA
Zoning BP · permitted uses
BP · 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
2008
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
5.35 ac
Current owner
From public records · entity-resolved
Sterling Realty Org Co
Entity
Mailing address
777 108TH AVE NE STE #2150, BELLEVUE, WA 98004-5137
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2020
—
Sterling Realty Org Co
—
Deed
related
$23,200,000 · Commerce Bk/wa
Feb 13, 2019
—
Sterling Realty Org Co
Epc Holdings 941 LLC
Grant Deed
—
Oct 19, 2018
$37,642,201
Sterling Realty Org Co
Dip Spv Co 12 LLC
Grant Deed
—
May 24, 2016
$30,250,000
Dip Spv Co 12 LLC
Redmond Technology Ptrs LLC
Grant Deed
$18,240,000 · Miscellaneous Ins Co
Jun 20, 2014
$15,925,000
Redmond Technology Partners LLC
W3 18300 Redmond Way LLC
Warranty Deed
$15,000,000 · Union Bank NA
May 5, 2011
$14,179,900
W3 18300 Redmond Way LLC
Partreo LLC
Grant Deed
—
Apr 4, 2011
$5,068,805
Ffi Real Estate Holdings LLC
Columbia Property Rsrcs LLC
Quit Claim Deed
related
—
Oct 1, 2010
—
Columbia Property Rsrcs LLC
Legacy Ptrs II Redmond Land Ll
Deed In Lieu Of Foreclosure
related
—
Jun 25, 2007
—
Ptrs Land Ll Legacy II
—
Deed Of Trust
related
$30,540,000 · Key Bank NA
Mar 30, 2007
$6,550,000
Ptrs Land Ll Legacy II
Decker Dev LLC
Grant Deed
—
Oct 20, 2006
$2,550,000
Decker Dev LLC
Bgp IV LLC
Warranty Deed
$7,500,000 · Paul J & Karen M Taylor
Jun 30, 2005
$3,250,000
Bgp IV LLC
Decker Dev LLC
Warranty Deed
$2,100,000 · Wf Capital INC
Oct 27, 1998
$1,657,024
Decker Development LLC
Mastro,michael R
Grant Deed
$1,657,024 · Individual
Sep 18, 1989
$1,250,000
Michael R Mastro
Decker,roger L E
Grant Deed
$1,000,000 · Seller
—
—
Sterling Realty Org Co
—
Deed Of Trust
related
$23,200,000 · Commerce Bk/wa
—
—
Bgp IV LLC
—
Deed Of Trust
related
$900,000 · 5812-3 Chain Lake LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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