This property consists of land within the Village at Redmond Ridge development. It is located at 23475 NE Novelty Hill Rd, Redmond, WA 98053. The provided information does not specify lot size, zoning designation, utility availability, street frontage, or development constraints. As part of the broader Village at Redmond Ridge framework, potential uses and development requirements may be governed by applicable restrictions associated with the development, which would require verification through the relevant permitting and governing documents.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?

$122k

Tax billed · 2022

Assessed value$11.31M

Assessed land$6.09M

Assessed improvement$5.22M

Effective rate1.08%

Value estimate

· Nov 2026

$7.81M

$7.02M – $8.59M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$392/SF

County average, outlier-cleaned · 399 recorded sales of this use type

Observed band · Q1–Q3$181 – $680

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

CBP

JurisdictionKING

Location intelligence

Which uses thrive at this corner?

Best fit: Parking Facility

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Parking Facility9.8

Law Firm9.1

Tailor Shop8.9

23475 Novelty Hl Rd Redmond, WA 98053-5501

County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 10 properties nearby

Address Sale price Sold Size

23467 Novelty Hl, Redmond, WA 98053-5501 $41,050,000 Jul 2024 4,664 SF

3925 236th NE, Redmond, WA 98053-8455 $14,350,000 Dec 2022 48,573 SF

23530 Redmond Fall City, Redmond, WA 98053-8372 $4,470,000 Nov 2019 2,142 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$12,955,000

48,573 SF

3925 236th NE Ave

GROCERY, SUPERMARKET

3925 236th NE Ave, Redmond, WA 98053-8455

View Details
Value Estimation
$240,000

4,889 SF

22340 Marketplace Dr

FINANCIAL BUILDING

22340 Marketplace Dr, Redmond, WA 98053-2036

View Details
Value Estimation
$41,050,000

4,664 SF

23467 Novelty Hl Rd

FINANCIAL BUILDING

23467 Novelty Hl Rd, Redmond, WA 98053-5501

View Details
Value Estimation
$685,000

3,780 SF

20871 Redmond Fall City Rd

RETAIL STORES (PERSONAL SERVICES)

20871 Redmond Fall City Rd, Redmond, WA 98053-2423

View Details
Value Estimation
$695,000

3,645 SF

Novelty Hl Rd

CONVENIENCE STORE

Novelty Hl Rd, Redmond, WA 98053

View Details
Value Estimation
$680,000

2,520 SF

24821 Redmond Fall City Rd

CONVENIENCE STORE

24821 Redmond Fall City Rd, Redmond, WA 98053-3318

View Details

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23475 Novelty Hl Rd Redmond, WA 98053

Property summary