Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8705 166th NE Ave Redmond, WA 98052-3749

    • Residential income homes
    • 5,916 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1404975
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Raphael G. Kameni, RC / Counselor / Doctor
    • Emily Jean S. Manatan, RN / Physician
    • Christina M. Hofstad, MHT / Counselor

    Property Details for 8705 166th NE Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.19 lot acres
    Property size
    5,916 SF
    Zone code
    R20
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    012505-9136
    APU
    125059136

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,050,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.12
    Latitude
    47.6802
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,166 SF

      8715 175Th Ave

      Multifamily properties • 10,166 SF
      8715 175Th Ave, Redmond, WA 98052
      View Details
    • Value Estimation by Request
      1.70 Acres

      Redmond, WA 98052

      OFFICE/RESIDENTIAL (MIXED USE) • 1.70 Acres
      Redmond, WA 98052
      View Details
    • Value Estimation
      $4,825,000
      32,502 SF

      17345 67th Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 32,502 SF
      17345 67th Ct, Redmond, WA 98052-4956
      View Details
    • Value Estimation
      $4,870,000
      35,134 SF

      8525 163rd NE Ct

      OFFICE/RESIDENTIAL (MIXED USE) • 35,134 SF
      8525 163rd NE Ct, Redmond, WA 98052-8702
      View Details
    • Value Estimation
      $3,545,000
      20,229 SF

      13200 Old Redmond Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 20,229 SF
      13200 Old Redmond Rd, Redmond, WA 98052-1819
      View Details
    • Value Estimation by Request
      0.02 Acres

      Redmond, WA 98052

      VACANT COMMERCIAL LAND • 0.02 Acres
      Redmond, WA 98052
      View Details

    Similar Nearby for Sale

    • $6,000,000
      18,000 SF

      Redmond Development Site For Sale

      18,000 SF corner development site in the heart of Redmond.
      8520 164Th Ave NE, Redmond, WA 98052
      View Details
    • $430,000
      823 SF

      Renovated Condo in Prime Location

      Recently renovated 2-bed, 1.75 bath condo in Redmond, WA.
      9805 Avondale Rd NE, Redmond, WA 98052
      View Details
    • $1,049,900
      1,505 SF

      Luxurious Townhome with Upgraded Appliances

      Spacious 2-bedroom townhome with modern design and high-end finishes.
      12237 137Th Pl NE, Redmond, WA 98052
      View Details
    • $1,399,900

      Redmond End-Unit 4-Bedroom Home

      Light-filled, 4-bedroom end-unit home with chef's kitchen.
      12224 137Th Pl NE, Redmond, WA 98052
      View Details
    • Contact for pricing
      350,000 SF

      Redmond Land Parcel For Sale

      Large land parcel available in Redmond, Washington.
      9900 Willows Rd NE, Redmond, WA 98052
      View Details
    • Contact for pricing

      Redmond Warehouse with Loading Dock

      Warehouse with loading dock, grade level access, and 22' clearance.
      17635 Northeast 67Th Ct, Redmond, WA 98052
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      767 SF

      Condo Near Lake Sammamish

      One-bedroom condo with lake access and updated interiors.
      17203 NE 45Th St, Redmond, WA 98052
      View Details
    • $2,825 /Mo
      1,143 SF

      Updated Condo in Downtown Redmond

      Updated 2-bedroom condo with community pool in Redmond, WA.
      14605 NE 81St St, Redmond, WA 98052
      View Details
    • $26 SF/Yr
      5,045 SF

      Redmond Office Space Sublease

      Office space for sublease in a prime Redmond location.
      15333 NE 90Th St, Redmond, WA 98052
      View Details
    • $3,800 /Mo
      1,482 SF

      Redmond Office Space Available

      Office space available for lease in Redmond, Washington.
      7901 168Th Ave NE, Redmond, WA 98052
      View Details
    • Contact for pricing
      4,450 SF

      Redmond Office Space Available

      Office space available for rent in Redmond, Washington.
      18300 Redmond Way, Redmond, WA 98052
      View Details
    • $40 SF/Yr
      1,716 SF

      Redmond Retail Space For Rent

      Prime retail or restaurant space available in downtown Redmond.
      15808 Bear Creek Pkwy, Redmond, WA 98052
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8705 166th NE Ave
    Redmond, WA 98052-3749
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.