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Property profile & analytics
FOR LEASE
Office buildings
8210 154Th Ave Northeast Redmond, WA 98052
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1010898
For Lease
1 / 2
$7,060,000
8210 154Th Ave Northeast, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
CONCRETE
Total area
52,153 SF
Lot
7.81 ac (340,006 SF)
Zoning code
BP
APN
022505-9027
UPID
US90-1010898
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
-
MLOptic Corp Ophthalmologist (Bike/Boat/Book/etc) Store
-
MLU-Office Corporate Office
-
DaVinci Academy High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.06M
Owner & transaction history
Keppel-kbs Westpark LLC · 7 yrs held
Keppel-kbs Westpark LLC
since 2018
7 recorded transactions
Zoning & alternative use
BP · 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
$135 / 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
$390,305
Tax year 2024
Assessed value
$41,663,800
Assessed 2023
Previous assessed
$41,663,800
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$10,200,100
Assessed improvement
$31,463,700
Land market value
$10,200,100
Improvement market value
$31,463,700
Total market value
$41,663,800
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
1990
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
2
Total area
52,153 SF
Lot
7.81 ac (340,006 SF)
Zoning code
BP
APN
022505-9027
UPID
US90-1010898
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BP · Redmond, WA
Zoning BP · permitted uses
BP · 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
1990
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Buildings
3
Lot
7.81 ac
Current owner
From public records · entity-resolved
Keppel-kbs Westpark LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3200 PARK CTR DR STE #800, COSTA MESA, CA 92626-1979
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 3, 2018
$169,358,988
Keppel-kbs Westpark LLC
Kbs Sor Westpark Portfolio LLC
Grant Deed
related
—
Jul 8, 2016
—
Kbs Sor Westpark Portfolio LLC
—
Deed
related
$85,200,000 · Bank Of America
May 10, 2016
$128,000,000
Kbs Sor Westpark Portfolio LLC
Calwest Industrial Props LLC
Grant Deed
—
Dec 14, 2005
—
Tiaa Realty INC
Teachers Ins & Annuity Assn Of Am
Grant Deed
—
Mar 31, 1998
—
Tiaa Realty INC
Teachers Insurance & Annuity
Grant Deed
related
—
Jun 27, 1991
$18,667,000
Insurance Teacher
Pacific Bellevue
Grant Deed
—
Jul 12, 1989
$184,473
City Of Redmond
Pacific
Grant Deed
—
—
—
Kbs Sor Westpark Portfolio LLC
—
Deed Of Trust
related
$85,200,000 · Bank Of America
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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