Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    22320 Marketplace Dr Redmond, WA 98053-2035
    Back to Search
    Property profile & analytics

    22320 Marketplace Dr, Redmond, WA 98053-2035

    View on Map

    • Commercial real estate
    • 7,464 SF
    • 0.90 lot acres
    Off-Market
    Last Sale May 31, 2022
    $8,500,000
    Property ID
    US90-0214455
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $8,010,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dry Cleaners / (Bike/Boat/Book/etc) Store
    • Joyous Noise Studio Kindermusik / Vocational School / Training Center
    • Los Chilangos Redmond Ridge / Restaurant
    • Redmond Ridge Nails / Nail Salon
    • Cool Elements Hair Salon / Hair Salon

    Property Details for 22320 Marketplace Dr

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Zone code
    NB
    Property type
    Commercial real estate
    APN
    720239-0070
    APU
    7202390070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 31, 2022 $8,500,000 Elixir Investment LLC Sammamish Capital Development Group Warranty Deed $3.5M · Columbia State Bank
    Feb 8, 2019 — Sammamish Capital Development Group — Deed · related $3.7M · Coastal Community Bank
    Oct 31, 2005 $784,600 Sammamish Capital Dev Grp LLC Redmond Rdg Market Pl Assocs L Warranty Deed $588k · Venture Bank

    Description

    This exceptional retail space, part of the Marketplace at Redmond Ridge, presents a rare leasing opportunity in a thriving King County location. Situated at 22320 NE Marketplace Dr, Redmond, WA 98053, this 1,201 square foot unit is part of a larger 39,230 square foot strip center built in 2006. The property boasts a convenient street retail location within a well-established shopping center, offering excellent visibility and accessibility. The building features multiple tenants, creating a vibrant and bustling commercial environment. The lot size is 39,230 square feet, encompassing 0.9 acres of land. There are no elevators in the building. The building's floor area ratio (FAR) is 0.19. This space is ideal for a variety of retail businesses seeking a high-traffic location in a desirable Redmond neighborhood. Don't miss this chance to establish your business in a prime retail setting. Contact us today to schedule a viewing and learn more about this exceptional opportunity.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $7,570,000
      ML approach
      $7,475,000
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,800,000
      Current use
      OFFICE BUILDING
      $7,190,000
      Change: +24% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.043
    Latitude
    47.6947
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $24,278
    $1,019,900
    $1,423,500
    $2,443,400
    -
    $1,019,900
    $1,423,500
    $2,443,400
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message