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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Retail space
7805 Leary NE Way Redmond, WA 98052-4338
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0677100
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,328 SF
Lot
0.17 ac (7,200 SF)
Zoning code
OT
APN
719880-0045
UPID
US90-0677100
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
-
Half Price Books (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.16M
Owner & transaction history
7805 Leary Way LLC · 3 yrs held
7805 Leary Way LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
OT · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+98.0%
Restaurant
$3.4M
+35.2%
Auto repair, garage
$2.9M
+17.0%
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
$3,310,000
ML approach
$3,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,480,000
Current use
COMMERCIAL (GENERAL)
$4,915,000
Change: +98% · Conversion: Easy
RESTAURANT
$3,355,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,905,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,500,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,415,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,195,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.05M (Jun 12 2023)
Last sale anchor
$3.05M
Jun 12 2023
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
$499 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,911
Tax year 2022
Assessed value
$1,620,300
Assessed 2022
Previous assessed
$1,620,300
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$900,000
Assessed improvement
$720,300
Land market value
$900,000
Improvement market value
$720,300
Total market value
$1,620,300
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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
6,328 SF
Lot
0.17 ac (7,200 SF)
Zoning code
OT
APN
719880-0045
UPID
US90-0677100
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OT · Redmond, WA
Zoning OT · permitted uses
OT · 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
$2.5M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
7805 Leary Way LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7349 149TH AVE NE, REDMOND, WA 98052-4203
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$105,324
7805 Leary Way LLC
Bnsf Railway Company
Quit Claim Deed
related
—
Apr 17, 2023
—
7805 Leary Way LLC
James Buchanan
Quit Claim Deed
related
—
Apr 14, 2023
$3,050,000
7805 Leary Way LLC
James Buchanan
Bargain And Sale Deed
—
May 1, 2018
$426,010
R & T Barber Flp
Mcmahon Brian W
Warranty Deed
—
Jun 14, 2000
—
R & T Barber Family LP
Barber,ralph & Teree
Quit Claim Deed
related
—
Apr 30, 1997
—
James L Buchanan
Design Food Management INC
Quit Claim Deed
related
—
—
—
James L Buchanan
—
Deed Of Trust
related
$307,856 · Frontier Bank
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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