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Property profile & analytics
OFF-MARKET
Office buildings
5000 148th NE Ave Redmond, WA 98052-5135
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0758894
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
CONCRETE
Total area
69,000 SF
Lot
7.62 ac (332,100 SF)
Zoning code
OBAT
APN
142505-9020
UPID
US90-0758894
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
-
Wargaming Seattle Corporate Office
-
Redmond Woods A Corporate Office
-
RedW Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Redmond Woods Complex LLC · 9 yrs held
Redmond Woods Complex LLC
since 2016
Last sale
$45.0M
6 recorded transactions
Zoning & alternative use
OBAT · 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
—
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
$333,917
Tax year 2022
Assessed value
$45,491,200
Assessed 2022
Previous assessed
$45,491,200
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$21,918,600
Assessed improvement
$23,572,600
Land market value
$21,918,600
Improvement market value
$23,572,600
Total market value
$45,491,200
Applied tax rate
2,025.0000
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
1981
Construction
CONCRETE
Heating
CENTRAL
Buildings
3
Stories
2
Total area
69,000 SF
Lot
7.62 ac (332,100 SF)
Zoning code
OBAT
APN
142505-9020
UPID
US90-0758894
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OBAT · Redmond, WA
Zoning OBAT · permitted uses
OBAT · 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
1981
Construction
CONCRETE
Heating
CENTRAL
Stories
2
Buildings
3
Lot
7.62 ac
Current owner
From public records · entity-resolved
Redmond Woods Complex LLC
Entity
Mailing address
PO BOX 907, KIRKLAND, WA 98083-0907
Ownership since
2016
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
Jul 21, 2016
$36,985,000
Redmond Woods Complex LLC
Redmond Woods INC
Grant Deed
$26,750,000 · Jefferies Loancore
Mar 29, 2006
$27,836,645
Redmond Woods INC
Redmond Woods LLC
Grant Deed
—
Dec 30, 2002
$13,350,000
Redmond Woods LLC
Teachers Insurance & Annuity
Grant Deed
—
Dec 31, 1997
—
Insurance Teachers
Wrc Properties INC
Grant Deed
related
—
—
—
Redmond Woods LLC
—
Deed Of Trust
related
$11,136,900 · Fleet National Bank Trustee
—
—
Redmond Woods LLC
—
Deed Of Trust
related
$17,500,000 · Union Bank Of California
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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