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Property profile & analytics
FOR LEASE
Industrial properties
18465 NE 68Th St, Redmond, WA 98052
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0684728
For Lease
$2,265,000
18465 NE 68Th St, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,704 SF
Lot
1.69 ac (73,791 SF)
Zoning code
MP
APN
719895-0160
UPID
US90-0684728
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
-
Abossein Engineering Corporation Construction Company
-
Inventprise - Facility # 3 Corporate Office
-
InnerFit Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Abossein 2100 Building LLC · 8 yrs held
Abossein 2100 Building LLC
since 2017
7 recorded transactions
Zoning & alternative use
MP · 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
$69 / 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
$58,440
Tax year 2022
Assessed value
$7,959,500
Assessed 2022
Previous assessed
$7,959,500
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,951,600
Assessed improvement
$5,007,900
Land market value
$2,951,600
Improvement market value
$5,007,900
Total market value
$7,959,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
32,704 SF
Lot
1.69 ac (73,791 SF)
Zoning code
MP
APN
719895-0160
UPID
US90-0684728
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MP · Redmond, WA
Zoning MP · permitted uses
MP · 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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Abossein 2100 Building LLC
Entity
Mailing address
2100 112TH AVE NE STE #201, BELLEVUE, WA 98004-2972
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
—
2100 Building LLC
—
Deed
related
$132,836 · Heritage Southeast Bank
Feb 23, 2022
—
Abossein 2100 Building LLC
—
Deed
related
$6,400,000 · Heritage Southeast Bank
Oct 13, 2021
—
Abossein 2100 Building LLC
—
Deed
related
$400,000 · Rocky Mountain Equity LLC
Apr 9, 2019
—
Abossein 2100 Building LLC
—
Deed
related
$6,000,000 · Washington Federal NA
Nov 2, 2017
—
Abossein 2100 Building LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Aug 15, 2017
$6,009,000
Abossein 2100 Building LLC
Bre Wa Office Owner LLC
Warranty Deed
$4,200,000 · Jpmorgan Chase Bank NA
Jul 23, 2015
$4,589,609
Bre Wa Office Owner LLC
Arden Realty LP
Grant Deed
—
Aug 21, 2007
$116,800,000
Arden Realty
Carr Redmond LLC
Grant Deed
—
Jan 4, 1988
$5,932,000
Michael R Mastro
Kaiser
Grant Deed
$4,449,000 · Seller
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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