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Property profile & analytics
OFF-MARKET
Estimated value
$14,695,000
Warehouses
23060 102nd St Redmond, WA 98053-5888
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0404328
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
89,100 SF
Lot
3.4 ac (147,919 SF)
Zoning code
IP
APN
720242-0050
UPID
US90-0404328
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
-
Redmond Ridge Self Storage Storage Facility
-
Williams Flower & Gift - Union Hill Florist (Bike/Boat/Book/etc) Store Florist
-
U-Haul Neighborhood Dealer Car Rental 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
$14.70M
Owner & transaction history
Redmond Ridge Storage LLC · 11 yrs held
Redmond Ridge Storage LLC
since 2015
6 recorded transactions
Zoning & alternative use
IP · Redmond, WA
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
$165 / 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
$215,117
Tax year 2022
Assessed value
$23,833,700
Assessed 2022
Previous assessed
$23,833,700
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$2,070,800
Assessed improvement
$21,762,900
Land market value
$2,070,800
Improvement market value
$21,762,900
Total market value
$23,833,700
Applied tax rate
7,260.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
2
Stories
3
Total area
89,100 SF
Lot
3.4 ac (147,919 SF)
Zoning code
IP
APN
720242-0050
UPID
US90-0404328
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IP · Redmond, WAZoning IP · permitted uses
IP · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code | Redmond, WA
Building & site characteristics
From public records
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
3
Buildings
2
Lot
3.4 ac
Current owner
From public records · entity-resolved
Redmond Ridge Storage LLC
Entity
Mailing address
11200 KIRKLAND WAY STE #360, KIRKLAND, WA 98033-3947
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
—
Redmond Ridge Storage LLC
—
Deed
related
$8,600,000 · Miscellaneous Ins Co
Jun 16, 2015
$4,500,000
Redmond Ridge Storage LLC
Agd LLC
Warranty Deed
$8,600,000 · Washington Federal
May 1, 2009
$100,000
Puget Sound Energy INC
Agd LLC
Grant Deed
—
Jul 20, 2006
$1,183,352
Agd LLC
Pacific Realty Associates LP
Warranty Deed
$826,000 · Us Bank NA
—
—
Agd LLC
—
Deed Of Trust
related
$4,855,000 · Homestreet Bank
—
—
Redmond Ridge Storage LLC
—
Deed Of Trust
related
$8,600,000 · Miscellaneous Ins Co
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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