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Property profile & analytics
OFF-MARKET
Retail space
7589 170th NE Ave Redmond, WA 98052-4488
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1151768
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,919 SF
Lot
1.02 ac (44,431 SF)
Zoning code
TWNC
APN
720241-0163
UPID
US90-1151768
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
-
BON Korean Cuisine Restaurant
-
H Mart Redmond Grocery & Convenience Store Food Market
-
KeyMe Locksmith
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
Wbmt Buildings LLC · 4 yrs held
Wbmt Buildings LLC
since 2022
Last sale
$47.5M
6 recorded transactions
Zoning & alternative use
TWNC · 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
$40,790
Tax year 2022
Assessed value
$5,554,800
Assessed 2022
Previous assessed
$5,554,800
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,553,800
Assessed improvement
$1,000
Land market value
$5,553,800
Improvement market value
$1,000
Total market value
$5,554,800
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
48,919 SF
Lot
1.02 ac (44,431 SF)
Zoning code
TWNC
APN
720241-0163
UPID
US90-1151768
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.
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Wbmt Buildings LLC
Entity
Mailing address
1001 WESTLAKE AVE N, SEATTLE, WA 98109-3525
Ownership since
2022
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
Feb 24, 2022
—
Wbmt Buildings LLC
Wbmt Redmond LLC
Intrafamily Transfer
related
$34,500,000 · Deutsche Bank
Feb 23, 2022
$29,500,000
Wbmt Redmond LLC
Fhr Community Center LLC
Quit Claim Deed
related
—
Feb 24, 2020
—
Fhr Community Center LLC
—
Deed
related
$52,500,000 · Western Alliance Bank
Feb 23, 1999
$47,503,200
Ppr Redmond Retail LLC
Town Centers Associates
Grant Deed
$65,000,000 · Safeco Life Insurance Co
—
—
G & I Vii Redmond Power LLC
—
Loan Modification
related
$92,090,000 · Bank Of America
—
—
G & I Vii Redmond Power LLC
—
Deed Of Trust
related
$23,000,000 · Bank Of America
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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