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Property profile & analytics
OFF-MARKET
Estimated value
$21,970,000
Distribution centers
18750 65th St, Redmond, WA 98052-4943
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-0927104
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
172,161 SF
Lot
10 ac (435,602 SF)
Zoning code
MP
APN
880200-0010
UPID
US90-0927104
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
-
Genie Industries - Redmond Industrial Manufacturer Production Facility
-
Genie industries Bldg. #7 Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.97M
Owner & transaction history
Redmond Corp Park LLC · 13 yrs held
Redmond Corp Park LLC
since 2012
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
$128 / 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
$302,626
Tax year 2022
Assessed value
$41,227,800
Assessed 2022
Previous assessed
$41,227,800
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$17,424,000
Assessed improvement
$23,803,800
Land market value
$17,424,000
Improvement market value
$23,803,800
Total market value
$41,227,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
172,161 SF
Lot
10 ac (435,602 SF)
Zoning code
MP
APN
880200-0010
UPID
US90-0927104
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
10 ac
Current owner
From public records · entity-resolved
Redmond Corp Park LLC
Entity
Free & Clear · 13 yrs held
Mailing address
801 2ND AVE STE #1300, SEATTLE, WA 98104-1517
Ownership since
2012
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
Jun 25, 2025
—
Redmond Corporate Park LLC
—
Deed
related
$80,000,000 · Nationwide Life Insurance Company
Sep 20, 2012
$48,000,000
Redmond Corp Park LLC
Aew Lt Cardinal Corp Park LLC
Grant Deed
—
Aug 25, 2005
$43,200,000
Corporate Park
Underwood Gartland Redmond LLC
Warranty Deed
—
Mar 31, 2005
—
Underwood Gartland Redmond LLC
Underwood Johnson Group LLC
Quit Claim Deed
related
—
Jan 14, 1999
—
Underwood Johnson Group LLC
Underwood,john W & Mary A
Quit Claim Deed
related
—
—
—
Redmond Corp Park LLC
—
Deed Of Trust
related
$24,000,000 · Jackson National Life Ins Co
—
—
John W Underwood
—
Deed Of Trust
related
$18,000,000 · Teachers Insurance & Annuity
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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