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    7901 168Th Ave NE Redmond, WA 98052
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    Property profile & analytics

    7901 168Th Ave NE, Redmond, WA 98052

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    • Office buildings
    • 9,472 SF
    • 0.45 lot acres
    For Lease
    $30 SF/Yr
    View Listing →
    Redmond Office Space Available For Lease
    $30 SF/Yr
    1,482 SF

    Redmond Office Space Available

    Office space available for lease in Redmond, Washington.

    7901 168th Ave NE, Redmond, WA
    View Listing
    Property ID
    US90-1290067
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,500,000
    Cap Rate Potential
    4.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Silvermark Inc / Insurance Agency
    • Inabia Solutions & Consulting / Consultant
    • Archimedes, School of Creative Thinking / High School
    • Amber Schneider / Medical Clinic
    • Sympatico General Contracting / General Contractor

    Property Details for 7901 168Th Ave NE

    Year built
    1986
    Construction
    FRAME
    Lot size
    0.45 lot acres
    Zone code
    AP
    Property type
    Office buildings
    APN
    720220-0010
    APU
    7202200010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,500,000
      ML approach
      $4,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,550,000
      6.5%
      $3,280,000
      7%
      $3,045,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,360,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.117
    Latitude
    47.6741
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $29,103
    $3,129,600
    $0.00
    $3,129,600
    -
    $3,129,600
    $0.00
    $3,129,600

    Comparable in this City

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      49,765 SF

      15440 95th St

      OFFICE BUILDING
      15440 95th St, Redmond, WA 98052-2547
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    • Value Estimation
      $5,710,000
      17,222 SF

      15440 Bel Red Rd

      OFFICE BUILDING
      15440 Bel Red Rd, Redmond, WA 98052-5509
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    • Value Estimation
      $23,700,000
      105,120 SF

      11261 Willows NE Rd

      OFFICE BUILDING
      11261 Willows NE Rd, Redmond, WA 98052-2527
      View Details
    • Value Estimation
      $33,345,000
      99,431 SF

      9845 Willows NE Rd

      OFFICE BUILDING
      9845 Willows NE Rd, Redmond, WA 98052-2540
      View Details
    • Value Estimation
      $3,565,000
      747,347 SF

      10301 Willows NE Rd

      OFFICE BUILDING
      10301 Willows NE Rd, Redmond, WA 98052-2529
      View Details
    • Value Estimation
      $18,140,000
      143,284 SF

      9931 Willows NE Rd

      OFFICE BUILDING
      9931 Willows NE Rd, Redmond, WA 98052-2591
      View Details

    Similar Nearby for Sale

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      Redmond Two-Story Office Building

      Two-story office building in Redmond with diverse tenant mix.
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      View Details
    • Contact for pricing
      3,439 SF

      Redmond Two-Story Office Building

      Two-story office building in Redmond, walkable to downtown and parks.
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      Redmond Manufacturing/Industrial Property For Sale

      Manufacturing/Industrial property with recent upgrades and convenient location.
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      Redmond Acreage with Stream Borders

      2.32-acre Redmond parcel perfect for building a dream home.
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      Redmond Development Site Opportunity

      18,000 SF corner development site in the heart of Redmond.
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    Similar Nearby for Lease

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      9,239 SF

      Redmond Office Space with Amenities

      Office space for rent with on-site tenant amenity center.
      15365 90Th St, Redmond, WA 98052
      View Details
    • $14,921 /Mo
      3,979 SF

      Redmond Two-Story Office Building

      7,788 SF office building in downtown Redmond for lease.
      8405 165Th Ave NE, Redmond, WA 98052
      View Details
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      Redmond Office Space For Rent

      LEED Silver Certified office space near upcoming light rail.
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      View Details
    • Contact for pricing
      1,390 SF

      Redmond Office Space For Lease

      Prime Redmond office space near downtown, ideal for professionals.
      16455 NE 85Th St, Redmond, WA 98052
      View Details
    View Listing
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    Redmond, WA 98052
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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