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Property profile & analytics
FOR LEASE
Office buildings
8250 165Th Ave NE Redmond, WA 98052
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1449413
No photos on file
For Lease
$10,922/Mo
8250 165Th Ave NE, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
7,502 SF
Lot
0.33 ac (14,400 SF)
Zoning code
EH
APN
671970-0335
UPID
US90-1449413
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
-
PEOPLEinc Wellness Program Marriage Or Relationship Counselor
-
Porter & Co Accounting Firm Tax Preparation
-
Vitality Wellness Center ~ Dr. Karen Lumb, DC Alternative Medicine Practice
-
Innate Family Chiropractic Alternative Medicine Practice
-
Dr. Patrick Johnson Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.95M
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
Standard Insurance Company · 3 yrs held
Standard Insurance Company
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
EH · 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
$3,015,000
ML approach
$2,950,000
CAP Approach
CAP Return
Estimation
6%
$2,810,000
6.5%
$2,595,000
7%
$2,410,000
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±10% · vs last sale $3.25M (Jan 6 2023)
Last sale anchor
$3.25M
Jan 6 2023
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
$402 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,175
Tax year 2022
Assessed value
$2,610,000
Assessed 2022
Previous assessed
$2,610,000
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,232,000
Assessed improvement
$378,000
Land market value
$2,232,000
Improvement market value
$378,000
Total market value
$2,610,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
7,502 SF
Lot
0.33 ac (14,400 SF)
Zoning code
EH
APN
671970-0335
UPID
US90-1449413
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
EH · Redmond, WA
Zoning EH · permitted uses
EH · 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
1985
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Free & Clear · 3 yrs held
Mailing address
8250 165TH AVE NE, REDMOND, WA 98052-6628
Ownership since
2023
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
Jan 6, 2023
—
Standard Insurance Company
Libra Holdings LLC
Assignment Of Lease (leasehold Sale)
—
Jan 6, 2023
$3,250,000
Libra Holdings LLC
David D Markley
Warranty Deed
$1,650,000 · Standard Insurance Co
Apr 9, 2018
—
David D Markley
Markley Bette & R R Trust
Quit Claim Deed
related
—
May 2, 2003
$1,575,000
Robert R Markley
C & H Properties LLC
Grant Deed
$1,131,000 · Banner Bank
—
—
David D Markley
—
Deed Of Trust
related
—
—
—
Epc Holdings 591 LLC
—
Deed Of Trust
related
$803,250 · David & Jeanne Markley
—
—
C & H Properties LLC
—
Deed Of Trust
related
$50,000 · Redmond National Bank
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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