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Property profile & analytics
OFF-MARKET Estimated value $1,215,000
Individual retail properties

7956 178th NE Pl Redmond, WA 98052-4985

53,075 SF 3.4 ac lot Built 1991
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-0734767
Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 53,075 SF
Lot 3.4 ac (148,007 SF)
Zoning code MP
APN 012505-9025
UPID US90-0734767
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
  • North Sound Massage Therapy, LLC Alternative Medicine Practice Spa & Massage Center
  • Balanced Massage By Jayshree LLC Alternative Medicine Practice Spa & Massage Center
  • 425 FITNESS Redmond Gym & Fitness Center
  • NuFace Skin Care Hair Salon Nail Salon
  • Valarie Larsen Esthetics Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.22M
Owner & transaction history
Bay Club 425 LLC · 1 yrs held
Bay Club 425 LLC
since 2025
7 recorded transactions
2025
Price N/A
2021
Price N/A
2019
Price N/A
2017
Price N/A
2004
$4.0M
2004
Price N/A
1997
$3.0M
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
Top alternative use upside
Neighborhood: shopping center $1.9M +10.5%
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