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Property profile & analytics
OFF-MARKET
Estimated value
$31,215,000
Distribution centers
18795 73rd St, Redmond, WA 98052-8700
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-2315535
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
210,761 SF
Lot
23.38 ac (1,018,457 SF)
Zoning code
MP
APN
072506-9129
UPID
US90-2315535
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
-
FedEx Ground Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.22M
Owner & transaction history
Rpt Seattle East Industrial LLC · 6 yrs held
Rpt Seattle East Industrial LLC
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,900,000
6.5%
$39,600,000
7%
$36,770,000
Blend value · Realmo final
$31.22M
Range $28.09M – $34.34M · ±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
$148 / 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
$467,245
Tax year 2022
Assessed value
$63,655,400
Assessed 2022
Previous assessed
$63,655,400
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$40,738,200
Assessed improvement
$22,917,200
Land market value
$40,738,200
Improvement market value
$22,917,200
Total market value
$63,655,400
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Total area
210,761 SF
Lot
23.38 ac (1,018,457 SF)
Zoning code
MP
APN
072506-9129
UPID
US90-2315535
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Lot
23.38 ac
Current owner
From public records · entity-resolved
Rpt Seattle East Industrial LLC
Entity
Mailing address
1201 W PEACHTREE ST, ATLANTA, GA 30309-3449
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
$81,500,000
Rpt Seattle East Industrial LLC
Franklin Redmond LLC
Bargain And Sale Deed
$45,140,000 · Jpmorgan Chase Bank NA
Oct 25, 2013
$60,625,000
Franklin-redmond LLC
Suncap Seattle LLC
Grant Deed
$39,000,000 · State Farm Life Insurance Co
Oct 17, 2012
$16,872,500
Suncap Seattle LLC
Taylor Union Hill LLC
Grant Deed
$40,743,735 · Pnc Bank
Oct 2, 2012
—
Taylor Union Hill LLC
Weyerhaeuser Co
Quit Claim Deed
related
—
Apr 17, 2008
$209,313
Lehigh Cement Co
Taylor Union Hill LLC
Quit Claim Deed
related
—
Dec 26, 2006
—
Taylor Union Hill LLC
Taylor,paul & Karen
Quit Claim Deed
related
—
Feb 23, 2006
—
Magnussen-cadman LLC
Magnussen,jon M SR
Quit Claim Deed
related
—
Dec 26, 2003
$18,330
Redmond City (wa)
Tayklor,paul & Karen
Grant Deed
—
Feb 7, 2000
—
Redmond City (wa)
Taylor Development INC
Grant Deed
related
—
Jan 3, 1994
—
Paul Taylor
Mastro,michael R
Quit Claim Deed
related
—
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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