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Property profile & analytics
OFF-MARKET
Estimated value
$4,870,000
Investment properties
8525 163rd NE Ct Redmond, WA 98052-8702
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0214859
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2013
Construction
CONCRETE
Total area
35,134 SF
Lot
0.25 ac (11,020 SF)
Zoning code
TSQ
APN
660050-0050
UPID
US90-0214859
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
-
Clay Token Game Studio, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Move Redmond Charitable Organization Social Service Agency
-
Vision 5 Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.87M
Owner & transaction history
Future Wise Investments LLC · 12 yrs held
Future Wise Investments LLC
since 2013
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
$139 / 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
$49,067
Tax year 2022
Assessed value
$6,682,500
Assessed 2022
Previous assessed
$6,682,500
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,763,200
Assessed improvement
$4,919,300
Land market value
$1,763,200
Improvement market value
$4,919,300
Total market value
$6,682,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
5
Total area
35,134 SF
Lot
0.25 ac (11,020 SF)
Zoning code
TSQ
APN
660050-0050
UPID
US90-0214859
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
2013
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
5
Lot
0.25 ac
Current owner
From public records · entity-resolved
Future Wise Investments LLC
Entity
Mailing address
450 CENTRAL WAY, KIRKLAND, WA 98033-6792
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Future Wise Investments LLC
—
Deed
related
$8,689,000 · Orix Real Estate Capital LLC
Jul 16, 2013
—
Future Wise Investments LLC
Natural & Built Environments L
Quit Claim Deed
related
—
Jun 15, 2012
$610,000
Natural Environments
Arava,asa
Warranty Deed
$3,927,000 · Washington Trust Bank
Oct 26, 2005
$660,000
Asa Arava
Mu,patricia
Warranty Deed
—
Oct 26, 2005
—
Jinous Tabibian
Khordian,avraham
Quit Claim Deed
related
—
Jun 3, 1997
$220,000
Patricia M Tung
Woltz Trust
Grant Deed
—
May 7, 1996
$155,000
Woltz Trust
Nagamatsu,michisuke
Grant Deed
—
—
—
Natural Environments
—
Deed Of Trust
related
$4,587,000 · Washington Trust Bank
—
—
Future Wise Investments LLC
—
Loan Modification
related
$6,500,000 · Washington Trust 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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