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Property profile & analytics
FOR LEASE
Medical Office Space
8301 161St Ave NE Redmond, WA 98052
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1314101
For Lease
$38.50 SF/Yr
8301 161St Ave NE, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,153 SF
Lot
1.23 ac (53,400 SF)
Zoning code
TSQ
APN
719890-0330
UPID
US90-1314101
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
-
Alan P Nohr & Associates: Hasse Lisa Dental Office
-
Brian J Dillon DDS Dental Office
-
Growing Smiles Childrens Dentistry Dental Office
-
Redmond Dental Care - Sang Yum DMD Dental Office
-
Alan P. Nohr, DDS, PS & Associates Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.44M
Owner & transaction history
Redcenter Village 1 LLC · 4 yrs held
Redcenter Village 1 LLC
since 2022
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,090,000
6.5%
$8,390,000
7%
$7,790,000
Blend value · Realmo final
$8.44M
Range $7.59M – $9.28M · ±10%
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
$205 / 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
$106,050
Tax year 2022
Assessed value
$14,446,100
Assessed 2022
Previous assessed
$14,446,100
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,544,000
Assessed improvement
$5,902,100
Land market value
$8,544,000
Improvement market value
$5,902,100
Total market value
$14,446,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
41,153 SF
Lot
1.23 ac (53,400 SF)
Zoning code
TSQ
APN
719890-0330
UPID
US90-1314101
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
3
Lot
1.23 ac
Current owner
From public records · entity-resolved
Redcenter Village 1 LLC
Entity
Mailing address
3889 MAPLE AVE STE #200, DALLAS, TX 75219-3916
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Redcenter Village 1 LLC
Houghton Lane LLC
Bargain And Sale Deed
$81,155,000 · Canadian Imperial Bank Of Commerce
Mar 28, 2017
$5,031,000
Kfp Redmond Medical LLC
Mrm Redmond Medical LLC
Trustees Deed
$11,700,000 · Miscellaneous Ins Co
Jun 1, 2016
—
Mrm Redmond Medical LLC
—
Deed
related
$7,500,000 · Boeing Emps Cu
Jul 27, 2011
$10,300,000
Mrm Redmond Medical LLC
Redmond Medical Center LLC
Warranty Deed
related
$6,000,000 · Minnesota Life Insurance Co
—
—
Mrm Redmond Medical LLC
—
Deed Of Trust
related
$7,500,000 · Boeing Emps Cu
—
—
Redmond Medical Center LLC
—
Deed Of Trust
related
$200,000 · 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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