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Property profile & analytics
OFF-MARKET Estimated value $9,350,000
Warehouses

8950 154th NE Ave Redmond, WA 98052-3567

82,265 SF 3.81 ac lot Built 1979
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US90-0677113
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 82,265 SF
Lot 3.81 ac (165,829 SF)
Zoning code MP
APN 022505-9208
UPID US90-0677113
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
  • Iron Mountain Redmond Storage Facility
  • Садов Community Center
  • Willows Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.35M
Owner & transaction history
Carolina Partners LLC · 13 yrs held
Carolina Partners LLC
since 2013
7 recorded transactions
2021
Price N/A
2021
Price N/A
2019
Price N/A
2018
Price N/A
2013
Price N/A
2004
$7.0M
2004
Price N/A
Zoning & alternative use
MP · Redmond, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

• Manufacturing Park zone - MP • Industry zone - I • Regional Retail Design District - RR • Bear Creek Design District - BCDD1, BCDD2 • Marymoor Design District 3 - Marymoor Core (MMC), Marymoor Edge (MME), Marymoor Manufacturing (MMM) MDD1, MDD2, MDD3, MDD4, MDD5 • Northeast Design District - NDD1, NDD2, NDD3 • Northwest Design District - NWDD • Downtown Mi…

Zone name Manufacturing Park
General category INDUSTRIAL
Zone area 660.18 ac
Source Zoning Code | Redmond, WA
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