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Property profile & analytics
OFF-MARKET
Office Spaces
8420 165th NE Ave Redmond, WA 98052-3912
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-1433059
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1918
Construction
WOOD
Total area
850 SF
Lot
0.17 ac (7,200 SF)
Zoning code
EH
APN
671970-0250
UPID
US90-1433059
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
-
A & M Tree Service LLC Landscaping General Contractor
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
Mickie R Lotze · 2 yrs held
Mickie R Lotze
since 2023
Last sale
$207,500
6 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
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
$8,482
Tax year 2022
Assessed value
$1,153,000
Assessed 2022
Previous assessed
$1,153,000
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,152,000
Assessed improvement
$1,000
Land market value
$1,152,000
Improvement market value
$1,000
Total market value
$1,153,000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1918
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
850 SF
Lot
0.17 ac (7,200 SF)
Zoning code
EH
APN
671970-0250
UPID
US90-1433059
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
1918
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mickie R Lotze
Individual
Free & Clear · 2 yrs held
Mailing address
8420 165TH AVE NE, REDMOND, WA 98052-3912
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Mickie R Lotze
Sherry Lotze
Intrafamily Transfer
related
—
Jun 27, 2001
$207,500
Mickie R Lotze
Wright,james A & Sharon L
Grant Deed
—
May 18, 1993
$93,000
James A Wright
Richardson
Grant Deed
$78,100 · Seller
Aug 4, 1989
$60,000
Thomas F Richardson
Nienaber,matthew
Grant Deed
$51,000 · Seller
—
—
Sharon L Wright
—
Deed Of Trust
related
$30,000 · Redmond National Bank
—
—
Sharon L Wright
—
Deed Of Trust
related
$15,000 · 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.
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