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Property profile & analytics
OFF-MARKET Estimated value $21,080,000
Outlet malls

7725 188th NE Ave Redmond, WA 98052-6088

155,754 SF 15.42 ac lot Built 2016
Entity Owned 10-yr Hold Free & Clear
Property ID
US90-2606475
Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2016
Construction STEEL FRAME
Total area 155,754 SF
Lot 15.42 ac (671,532 SF)
Zoning code MP
APN 072506-9140
UPID US90-2606475
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$21.08M
Owner & transaction history
Costco Wholesale Corp · 10 yrs held
Costco Wholesale Corp
since 2015
1 recorded transaction
2015
$16.0M
Zoning & alternative use
MP · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

• Manufacturing Park zone - MP • Industry zone - I • Regional Retail Design District - RR • Bear Creek Design District - BCDD1, BCDD2 • Marymoor Design District 3 - Marymoor Core (MMC), Marymoor Edge (MME), Marymoor Manufacturing (MMM) MDD1, MDD2, MDD3, MDD4, MDD5 • Northeast Design District - NDD1, NDD2, NDD3 • Northwest Design District - NWDD • Downtown Mi…

Zone name Manufacturing Park
General category INDUSTRIAL
Zone area 660.18 ac
Source Zoning Code | Redmond, WA
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