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    Property profile & analytics

    6855 176Th Ave NE Redmond, WA 98052

    • Warehouses
    • 15,800 SF
    • 3.56 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1589910
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tiny Baked Goods / Bakery / Specialty Food Shop
    • My-Way Construction LLC / Construction Company / General Contractor
    • SimplyDesi / Restaurant
    • Cascade Sign Company / (Bike/Boat/Book/etc) Store / Printing Service
    • Monahan Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 6855 176Th Ave NE

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.56 lot acres
    Property size
    15,800 SF
    Zone code
    MDD2
    Property type
    Warehouses
    APN
    122505-9102
    APU
    1225059102

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,215,000
      6.5%
      $2,970,000
      7%
      $2,755,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,535,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.107
    Latitude
    47.6668
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $108,749
    $13,971,600
    $842,100
    $14,813,700
    -
    $13,971,600
    $842,100
    $14,813,700

    Comparable in this City

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      15,734 SF

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      WAREHOUSE, STORAGE • 15,734 SF
      14980 90th St, Redmond, WA 98052-3526
      View Details
    • Value Estimation
      $1,955,000
      19,250 SF

      15020 95th St

      WAREHOUSE, STORAGE • 19,250 SF
      15020 95th St, Redmond, WA 98052-2507
      View Details
    • Value Estimation
      $9,235,000
      58,695 SF

      15212 95th St

      WAREHOUSE, STORAGE • 58,695 SF
      15212 95th St, Redmond, WA 98052-2518
      View Details
    • Value Estimation
      $2,525,000
      16,046 SF

      17520 67th Ct

      WAREHOUSE, STORAGE • 16,046 SF
      17520 67th Ct, Redmond, WA 98052-4939
      View Details
    • Value Estimation
      $10,760,000
      68,367 SF

      17520 70th St

      MINI-WAREHOUSE, STORAGE • 68,367 SF
      17520 70th St, Redmond, WA 98052-4916
      View Details
    • Value Estimation
      $680,000
      2,862 SF

      8705 Willows NE Rd

      MINI-WAREHOUSE, STORAGE • 2,862 SF
      8705 Willows NE Rd, Redmond, WA 98052-6587
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redmond Warehouse with Loading Dock

      Warehouse with loading dock, grade level access, and 22' clearance.
      17635 Northeast 67Th Ct, Redmond, WA 98052
      View Details
    • $3,811,700
      2,000 SF

      Redmond Industrial Land For Sale

      2,000 SF building on 38,117 SF lot in Redmond.
      18459 76Th St, Redmond, WA 98052
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    • Contact for pricing
      5,800 SF

      Redmond Industrial/Retail/Automotive Building For Sale

      Stand-alone building in Marymoor, near future light rail station.
      18080 NE 68Th St, Redmond, WA 98052
      View Details
    • $4,500,000

      Redmond Two-Story Office Building

      Two-story office building in Redmond with diverse tenant mix.
      7981 168Th Ave NE, Redmond, WA 98052
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    • $4,198,000

      Redmond Development Opportunity Near Transit

      21,750 SF property in Downtown Redmond with development potential.
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    Similar Nearby for Lease

    • Contact for pricing
      24,328 SF

      Redmond Office with Warehouse Space

      Office and warehouse space available for lease in Redmond.
      14833-14849 NE 87Th St, Redmond, WA 98052
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      4,889 SF

      Redmond Warehouse Space Available

      4,889 SF warehouse space for lease in Redmond, Washington.
      17425 NE Union Hill Rd, Redmond, WA 98052
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    • Contact for pricing
      13,227 SF

      Redmond Warehouse with High Clearance

      Redmond warehouse featuring 24' clearance, dock, and grade loading.
      15110 NE 95Th St, Redmond, WA 98052
      View Details
    • $127,109
      5,432 SF

      Redmond Flex Office/Production Space

      Flex office/production space with roll door and abundant parking.
      18005 68Th St, Redmond, WA 98052
      View Details
    • $16,128 /Mo
      896 SF

      Redmond Warehouse Space Available

      Warehouse space for lease featuring one grade-level roll-up door.
      14570 95Th St, Redmond, WA 98052
      View Details
    • $61,200
      2,400 SF

      Redmond Warehouse Space Available

      2400 SF warehouse space for lease in Redmond, Washington.
      17625 65Th St, Redmond, WA 98052
      View Details
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    6855 176Th Ave NE
    Redmond, WA 98052
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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