Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Office buildings
2205 152nd NE Ave Redmond, WA 98052-5519
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1274759
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,465 SF
Lot
0.29 ac (12,828 SF)
Zoning code
OV1
APN
392720-0040
UPID
US90-1274759
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
-
Virtualwide Employment Agency
-
CSP Control Center (Bike/Boat/Book/etc) Store Corporate Office
-
AMX Labs Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
BurgerPlosion Restaurant
-
NSC Builders, LLC Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Southbridge Properties LLC · 12 yrs held
Southbridge Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
OV1 · 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
$135 / 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
$21,536
Tax year 2022
Assessed value
$2,994,800
Assessed 2022
Previous assessed
$2,994,800
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$1,090,300
Assessed improvement
$1,904,500
Land market value
$1,090,300
Improvement market value
$1,904,500
Total market value
$2,994,800
Applied tax rate
2,010.0000
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
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
8,465 SF
Lot
0.29 ac (12,828 SF)
Zoning code
OV1
APN
392720-0040
UPID
US90-1274759
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OV1 · Redmond, WA
Zoning OV1 · permitted uses
OV1 · 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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Southbridge Properties LLC
Entity
Mailing address
2205 152ND AVE NE, REDMOND, WA 98052-5519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Mar 25, 2026
—
Southbridge Properties LLC
—
Deed
related
$900,000 · Viridian Group INC
Feb 1, 2021
—
Southbridge Properties LLC
—
Deed
related
$1,000,000 · Mission Valley Bank
Dec 5, 2019
—
Southbridge Properties LLC
—
Deed
related
—
Nov 1, 2013
$285,402
Southbridge Properties LLC
Pacific Crest Realty Advisors LLC
Special Warranty Deed
$1,218,750 · Wells Fargo Bank NA
Dec 16, 2004
$1,315,500
Zoeyo LLC
Choco LLC
Grant Deed
$1,184,000 · Cnl Commercial Lending Corp
Apr 12, 2004
—
Choco LLC
Lahaye,sandra L
Quit Claim Deed
related
—
Mar 5, 1991
$1,362,000
Peter Lahaye
Eastside
Grant Deed
—
—
—
Zoeyo LLC
—
Deed Of Trust
related
$1,104,000 · Union Bank
—
—
Southbridge Properties LLC
—
Loan Modification
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2205 152nd NE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
