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Property profile & analytics
FOR LEASE
Medical Office Space
8630 164Th Ave NE Redmond, WA 98052
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0997599
No photos on file
For Lease
$2,905,000
8630 164Th Ave NE, Redmond, WA 98052
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Construction
STEEL FRAME
Total area
13,033 SF
Lot
0.52 ac (22,651 SF)
Zoning code
TSQ
APN
012505-9011
UPID
US90-0997599
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
-
Ashley Melton Physician
-
Innova Physical Therapy Medical Clinic
-
Dr. John Kikuchi Physician
-
Michelle Bickel Physician
-
Kristin Howe Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.91M
Owner & transaction history
Seluca Management LLC · 17 yrs held
Seluca Management LLC
since 2008
7 recorded transactions
Zoning & alternative use
TSQ · Redmond, WA
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%
$2,880,000
6.5%
$2,655,000
7%
$2,465,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,520,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±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
$223 / 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
$36,766
Tax year 2022
Assessed value
$5,006,600
Assessed 2022
Previous assessed
$5,006,600
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,624,100
Assessed improvement
$1,382,500
Land market value
$3,624,100
Improvement market value
$1,382,500
Total market value
$5,006,600
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
2012
Construction
STEEL FRAME
Heating
CENTRAL
Stories
2
Bathrooms
1
Total area
13,033 SF
Lot
0.52 ac (22,651 SF)
Zoning code
TSQ
APN
012505-9011
UPID
US90-0997599
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TSQ · Redmond, WAZoning TSQ · permitted uses
TSQ · Redmond, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code | Redmond, WA
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
CENTRAL
Stories
2
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Seluca Management LLC
Entity
Free & Clear · 17 yrs held
Mailing address
21060 PACIFIC CITY CIR UNIT #6108, HUNTINGTON BEACH, CA 92648-8541
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Mar 30, 2023
—
Seluca Management LLC
—
Deed
related
$4,000,000 · Telco Community Cu
Jun 15, 2017
—
Seluca Management LLC
—
Deed
related
$3,355,000 · First Citizens Bank & Trust Co
Nov 30, 2011
—
Seluca Management LLC
—
Trustees Deed
related
$3,492,000 · Pacific Continental Bank
Jul 30, 2008
—
Seluca Management LLC
Montecillo,pompeyo M & Rania B
Quit Claim Deed
related
—
Jun 13, 2008
$1,450,000
Pompeyo M Montecillo
Tenhulzen Investments LLC
Warranty Deed
$780,000 · Key Bank NA
Apr 4, 2002
—
Tenhulzen Investments LLC
Tenhulzen,jack L & Patricia L
Quit Claim Deed
related
—
Dec 16, 1998
$305,000
Jack Tenhulzen
Doster,nathan
Grant Deed
$241,796 · Towne Bank
—
—
Seluca Management LLC
—
Loan Modification
related
$3,492,000 · Pacific Continental Bank
—
—
Tenhulzen Investments LLC
—
Deed Of Trust
related
$400,000 · Banner 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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