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Property profile & analytics
OFF-MARKET
Estimated value
$13,090,000
Retail space
7530 164th NE Ave Redmond, WA 98052-7812
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-2163694
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
CONCRETE
Total area
47,502 SF
Lot
7.77 ac (338,461 SF)
Zoning code
TWNC
APN
720241-0010
UPID
US90-2163694
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
-
Premier Periodontics - Redmond Periodontal Office Dental Office
-
Eastside Dental Dental Office
-
Confident Smiles Family Dentistry Dental Office
-
Redmond Signature Dentistry Dental Office
-
Jack Chiang, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.09M
Owner & transaction history
Fhr Main Retail Center · 6 yrs held
Fhr Main Retail Center
since 2019
7 recorded transactions
Zoning & alternative use
TWNC · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.8M
+17.0%
Medical building
$18.8M
+0.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,160,000
6.5%
$13,075,000
7%
$12,140,000
Alternative Use
Use
Estimation
RETAIL STORES
$18,635,000
Current use
AUTO REPAIR, GARAGE
$21,805,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$18,765,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,115,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,470,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$13.09M
Range $11.78M – $14.40M · ±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
$276 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$347,444
Tax year 2023
Assessed value
$42,069,200
Assessed 2023
Previous assessed
$239,400
+17,472.8% YoY
Effective rate
0.83%
On assessed value
Assessed land
$42,068,200
Assessed improvement
$1,000
Land market value
$42,068,200
Improvement market value
$1,000
Total market value
$42,069,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
OTHER
Buildings
5
Stories
2
Total area
47,502 SF
Lot
7.77 ac (338,461 SF)
Zoning code
TWNC
APN
720241-0010
UPID
US90-2163694
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TWNC · Redmond, WA
Zoning TWNC · permitted uses
TWNC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$18.6M
AUTO REPAIR, GARAGE
Est. value
$21.8M
MEDICAL BUILDING
Est. value
$18.8M
INDUSTRIAL (GENERAL)
Est. value
$18.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE
Heating
OTHER
Stories
2
Buildings
5
Lot
7.77 ac
Current owner
From public records · entity-resolved
Fhr Main Retail Center
Individual
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
—
Fhr Main Retail Center
—
Deed
related
$121,500,000 · Wells Fargo Bank NA
Feb 24, 2020
—
Fhr Main Retail Center LLC
—
Deed
related
$101,500,000 · Citi Real Estate Funding INC
Dec 30, 2019
$144,882,040
Fhr Main Retail Center
G & I Vii Redmond Retail LLC
Grant Deed
—
Jun 5, 2002
—
Plitt Theatres INC
—
Deed Of Trust
related
$140,000,000 · Bankers Trust Co Trustee
Feb 23, 1999
$47,503,200
Ppr Redmond Retail LLC
Town Centers Associates
Grant Deed
$65,000,000 · Safeco Life Insurance Co
—
—
Ppr Redmond Retail LLC
—
Deed Of Trust
related
—
—
—
G & I Vii Redmond Retail LLC
—
Loan Modification
related
$92,090,000 · Bank Of America
—
—
G & I Vii Redmond Retail LLC
—
Deed Of Trust
related
$67,200,000 · Bank Of America
—
—
Ppr Redmond Retail LLC
—
Deed Of Trust
related
$75,000,000 · Metropolitan Life Insurance
—
—
Ppr Redmond Retail LLC
—
Deed Of Trust
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.
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