Entity Owned Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,385 SF
Lot
2.31 ac (100,465 SF)
Zoning code
OBAT
APN
644830-0020
UPID
US90-1251021
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Corporate Office Business Park
-
School Bus Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.13M
Owner & transaction history
since 2007
3 recorded transactions
Zoning & alternative use
OBAT · Redmond, WA
Zoning description
Overlake Business and Advanced Technology (OBAT) development standards were amended. Town Center development standards were amended. Business Park had few changes; housing no longer an allowed use. Manufacturing Park, In…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.13M
Value range
$2.82M – $3.44M
±10% around blend
Estimated value / SF
$234 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$2.82M
blend $3.13M
$3.44M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,385 SF
Lot area
2.31 ac
Year built
1961
Stories
1
APN
644830-0020
Zoning
OBAT
Assessed value
$6,630,600
Annual tax
$47,659
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.44M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.73M
@ 6.5% CAP return
$3.44M
@ 7% CAP return
$3.20M
4
Sales comparison
Partial preview
Sales approach indication
$4.77M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.9 mi away · 9,435 SF
11.5 mi away · 16,128 SF
19.9 mi away · 11,484 SF
20.2 mi away · 11,040 SF
22.6 mi away · 11,984 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.13M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 27 sales
$777
-70%
County 433 sales
$510
-54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $234/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.63M
Move the market yield to see immediate price impact.
Value / SF
$495
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$418k
$8.35M
$5.97M
$4.64M
$464k
$9.28M
$6.63M
$5.16M
$511k
$10.21M
$7.29M
$5.67M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$7.50M
9.5 mi · Dec 2025 · $643/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$47,659
Tax year 2022
Assessed value
$6,630,600
Assessed 2022
Previous assessed
$6,630,600
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$6,630,600
Land market value
$6,630,600
Total market value
$6,630,600
Applied tax rate
2,010.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
13,385 SF
Lot
2.31 ac (100,465 SF)
Zoning code
OBAT
APN
644830-0020
UPID
US90-1251021
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OBAT · Redmond, WAZoning OBAT · permitted uses
OBAT · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Overlake Business and Advanced Technology (OBAT) development standards were amended. Town Center development standards were amended. Business Park had few changes; housing no longer an allowed use. Manufacturing Park, In…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
2.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
OBAT
INDUSTRIAL
Jurisdiction
Redmond, WA
Recorded code
OBAT
Official district
OBAT
Official district profile
What the municipal code says about OBAT
Zoning description
Overlake Business and Advanced Technology (OBAT) development standards were amended. Town Center development standards were amended. Business Park had few changes; housing no longer an allowed use. Manufacturing Park, In…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OBAT in Redmond, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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