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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Banks
7450 170th NE Ave Redmond, WA 98052-4458
Entity Owned
23-yr Hold
Free & Clear
Property ID
US90-1391499
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1980
Construction
FRAME
Total area
9,774 SF
Lot
2 ac (87,019 SF)
Zoning code
BC
APN
122505-9240
UPID
US90-1391499
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
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
Bank of America ATM (Drive-thru) Atm
-
Merrill Edge Financial Advisor
-
Mortgage, Bank of America Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Redmond Parcel A LLC · 23 yrs held
Redmond Parcel A LLC
since 2003
6 recorded transactions
Zoning & alternative use
BC · 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
$58 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$86,263
Tax year 2024
Assessed value
$8,702,900
Assessed 2023
Previous assessed
$8,702,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$8,701,900
Assessed improvement
$1,000
Land market value
$8,701,900
Improvement market value
$1,000
Total market value
$8,702,900
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
9,774 SF
Lot
2 ac (87,019 SF)
Zoning code
BC
APN
122505-9240
UPID
US90-1391499
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BC · Redmond, WA
Zoning BC · permitted uses
BC · 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
1980
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Redmond Parcel A LLC
Entity
Free & Clear · 23 yrs held
Mailing address
101 N PO BOX 32547TH ST, CHARLOTTE, NC 28232-2547
Ownership since
2003
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
Jan 2, 2003
—
Redmond Parcel A LLC
Collins,lynda R
Quit Claim Deed
related
—
Dec 31, 2002
—
Redmond Way Properties LLC
Redmond Parcel A LLC
Quit Claim Deed
related
—
Dec 26, 2002
—
Redmond Parcel B LLC
Madden,michelle A
Quit Claim Deed
related
—
Aug 19, 2002
—
Butler,tr
Butler,tr
Quit Claim Deed
related
—
May 23, 2001
—
Lynda R Collins
Lynda Trust
Quit Claim Deed
related
—
Dec 31, 1992
—
Seattle First National Bank
Walls Vera E
Quit Claim Deed
related
—
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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