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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Day care centers
5003 218th NE Ave Redmond, WA 98053-2429
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-1441434
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1994
Construction
WOOD
Total area
4,080 SF
Lot
1.51 ac (65,775 SF)
Zoning code
RA5
APN
162506-9075
UPID
US90-1441434
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
-
Montessori Children's House High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$540k
Owner & transaction history
5003 218th Avenue Ne LLC · 23 yrs held
5003 218th Avenue Ne LLC
since 2002
7 recorded transactions
Zoning & alternative use
RA5 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / 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
$25,696
Tax year 2022
Assessed value
$2,736,500
Assessed 2022
Previous assessed
$2,736,500
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$290,000
Assessed improvement
$2,446,500
Land market value
$290,000
Improvement market value
$2,446,500
Total market value
$2,736,500
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
1
Bathrooms
2
Total area
4,080 SF
Lot
1.51 ac (65,775 SF)
Zoning code
RA5
APN
162506-9075
UPID
US90-1441434
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RA5 · Redmond, WA
Zoning RA5 · permitted uses
RA5 · 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
1994
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
2
Bathrooms
2
Lot
1.51 ac
Current owner
From public records · entity-resolved
5003 218th Avenue Ne LLC
Entity
Mailing address
6036 204TH PL NE, REDMOND, WA 98053-7802
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
21708 Facility LLC
—
Deed
related
$1,825,000 · Bank Of America NA
Dec 18, 2002
—
5003 218th Avenue Ne LLC
Baker,craig S & Linda M
Quit Claim Deed
related
—
May 17, 1996
—
Craig S Baker
—
Grant Deed
related
$170,000 · Valley Community Bank
Apr 23, 1993
—
Fred E Langley
Owen,deborah K
Quit Claim Deed
related
—
—
—
Craig S Baker
—
Deed Of Trust
related
$516,400 · Everett Mutual Savings Bank
—
—
5003 218th Avenue Ne LLC
—
Deed Of Trust
related
$960,000 · First Mutual Bank
—
—
5003 218th Ave Ne LLC
—
Deed Of Trust
related
$580,000 · First Mutual Bank
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.
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