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Property profile & analytics
FOR LEASE
Office buildings
6724 185Th Ave Northeast Redmond, WA 98052
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0593129
For Lease
1 / 10
Contact for pricing
6724 185Th Ave Northeast, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
CONCRETE
Total area
19,693 SF
Lot
4.91 ac (213,930 SF)
Zoning code
MP
APN
719895-0030
UPID
US90-0593129
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
-
Evil Geniuses Gym & Fitness Center Sports Field & Court
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
Kw Fund 6 Redmond East LLC · 8 yrs held
Kw Fund 6 Redmond East LLC
since 2018
Last sale
$80.0M
6 recorded transactions
Zoning & alternative use
MP · 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
$147,627
Tax year 2022
Assessed value
$20,110,400
Assessed 2022
Previous assessed
$20,110,400
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,557,200
Assessed improvement
$11,553,200
Land market value
$8,557,200
Improvement market value
$11,553,200
Total market value
$20,110,400
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
For Lease
Year built
1989
Construction
CONCRETE
Heating
OTHER
Buildings
3
Stories
2
Total area
19,693 SF
Lot
4.91 ac (213,930 SF)
Zoning code
MP
APN
719895-0030
UPID
US90-0593129
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MP · Redmond, WA
Zoning MP · permitted uses
MP · 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
1989
Construction
CONCRETE
Heating
OTHER
Stories
2
Buildings
3
Lot
4.91 ac
Current owner
From public records · entity-resolved
Kw Fund 6 Redmond East LLC
Entity
Mailing address
PO BOX 3558, FEDERAL WAY, WA 98063-3558
Ownership since
2018
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
May 25, 2021
—
Alco Redmond East LLC
—
Deed
related
$85,500,000 · New York Life Insurance Company
May 15, 2018
$52,120,800
Kw Fund 6 Redmond East LLC
Bre Wa Redmond East LLC
Grant Deed
related
$34,500,000 · Suntrust Bk
May 2, 2018
—
Bre Wa Redmond East LLC
Bre Wa Office Owner LLC
Quit Claim Deed
related
—
Jul 23, 2015
$11,615,770
Bre Wa Office Owner LLC
Arden Realty LP
Grant Deed
—
Aug 21, 2007
$116,800,000
Arden Realty
Carr Redmond LLC
Grant Deed
—
Jan 4, 1988
$5,932,000
Michael R Mastro
Kaiser
Grant Deed
$4,449,000 · Seller
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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