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Property profile & analytics
FOR LEASE
Office buildings
7901 168Th Ave NE Redmond, WA 98052
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1290067
For Lease
$35 SF/Yr
7901 168Th Ave NE, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
FRAME
Total area
9,472 SF
Lot
0.45 ac (19,560 SF)
Zoning code
AP
APN
720220-0010
UPID
US90-1290067
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
-
Silvermark Inc Insurance Agency
-
Inabia Solutions & Consulting Consultant
-
Archimedes, School of Creative Thinking High School
-
Amber Schneider Medical Clinic
-
Sympatico General Contracting General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
$3.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Redmond Ridge East Montessori LLC · 2 yrs held
Redmond Ridge East Montessori LLC
since 2024
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
AP · 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
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
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (May 31 2024)
Last sale anchor
$4.50M
May 31 2024
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
$475 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$29,103
Tax year 2024
Assessed value
$3,129,600
Assessed 2023
Previous assessed
$3,129,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$3,129,600
Land market value
$3,129,600
Total market value
$3,129,600
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Total area
9,472 SF
Lot
0.45 ac (19,560 SF)
Zoning code
AP
APN
720220-0010
UPID
US90-1290067
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
AP · Redmond, WA
Zoning AP · permitted uses
AP · 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
COMMERCIAL (GENERAL)
Est. value
$7.4M
COMMERCIAL (GENERAL)
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
1986
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Redmond Ridge East Montessori LLC
Entity
Mailing address
14320 186TH PL NE, WOODINVILLE, WA 98072-6343
Ownership since
2024
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
Oct 15, 2025
—
Redmond Ridge East Montessori LLC
—
Deed
related
$738,240 · Department Of Commerce
May 31, 2024
$4,500,000
Redmond Ridge East Montessori LLC
Roc Investors LLC
Warranty Deed
$2,500,000 · Washington State Department Of Comm
Oct 11, 2019
$2,600,000
Roc Investors LLC
Exec U Rent LLC
Warranty Deed
—
Dec 2, 2005
—
Exec-u-rent LLC
Mosher,charles D & Betty C
Quit Claim Deed
related
—
Oct 29, 1998
$3,209,750
Betty C Mosher
Redmond Whitehall Associates
Grant Deed
$2,407,300 · Columbia State Bank
Oct 24, 1996
—
Redmond Whitehall Associates
—
Grant Deed
related
$5,240,000 · Us Bank Of Washington
—
—
Exec-u-rent LLC
—
Deed Of Trust
related
$3,400,000 · Bank Of The West
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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