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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
8009 164th NE Ave Redmond, WA 98052-3819
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0743882
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1968
Construction
STEEL FRAME
Total area
2,419 SF
Lot
0.93 ac (40,425 SF)
Zoning code
TSQ
APN
022505-9030
UPID
US90-0743882
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
-
Vortex Business Finance Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rdmi Property Owner LLC · 1 yrs held
Rdmi Property Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
TSQ · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$47,493
Tax year 2022
Assessed value
$6,468,000
Assessed 2022
Previous assessed
$6,468,000
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,468,000
Land market value
$6,468,000
Total market value
$6,468,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
2,419 SF
Lot
0.93 ac (40,425 SF)
Zoning code
TSQ
APN
022505-9030
UPID
US90-0743882
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TSQ · Redmond, WA
Zoning TSQ · permitted uses
TSQ · 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.
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Rdmi Property Owner LLC
Entity
Mailing address
1999 W CIR DR STE B, CLEVELAND, OH 44106-3621
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Rdmi Property Owner LLC
8009 164th Owner LLC
Special Warranty Deed
$90,000,000 · Bclf Reit LLC
May 3, 2021
$10,200,000
8009 164th Owner LLC
Harbor Olympic Land 6067 LLC
Warranty Deed
$5,304,000 · First Financial Northwest Bank
Dec 21, 2016
—
Harbor Olympic Land 6067 LLC
—
Trustees Deed
related
$16,000,000 · Dragon Petroleum LLC
Sep 23, 2009
$1,107,700
Harbor Olympic Land 6067 LLC
Bp West Coast Products LLC
Special Warranty Deed
$19,000,000 · United Central Bank
Jan 24, 2002
—
Bp West Coast Products LLC
Atlantic Richfield Co
Grant Deed
related
—
—
—
Harbor Olympic Land 6067 LLC
—
Deed Of Trust
related
—
—
—
Harbor Olympic Land 6067 LLC
—
Deed Of Trust
related
$14,900,000 · Dragon Petrolium LLC
—
—
Harbor Olympic Land 6067 LLC
—
Deed Of Trust
related
$3,000,000 · Ipc (usa) INC
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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