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

    9215 151st NE Ave Redmond, WA 98052-3511

    • Manufacturing properties
    • 9,200 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0486530
    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

    • Respshop.com / Medical Supply Store / Medical Equipment Supplier
    • CPAPMan.com / Medical Supply Store

    Property Details for 9215 151st NE Ave

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    0.43 lot acres
    Property size
    9,200 SF
    Zone code
    MP
    Property type
    Manufacturing properties
    APN
    720170-0053
    APU
    7201700053

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $201,000
      Market price range: $150k - $398k

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

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.141
    Latitude
    47.6843
    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
    $11,042
    $946,800
    $555,000
    $1,501,800
    -
    $946,800
    $555,000
    $1,501,800

    Comparable in this City

    • Value Estimation
      $680,000
      39,500 SF

      8547 152nd NE Ave

      MANUFACTURING (LIGHT) • 39,500 SF
      8547 152nd NE Ave, Redmond, WA 98052-3510
      View Details
    • Value Estimation
      $605,000
      34,500 SF

      8501 152nd NE Ave

      MANUFACTURING (LIGHT) • 34,500 SF
      8501 152nd NE Ave, Redmond, WA 98052-3510
      View Details
    • Value Estimation
      $795,000
      197,304 SF

      11811 Willows NE Rd

      MANUFACTURING (LIGHT) • 197,304 SF
      11811 Willows NE Rd, Redmond, WA 98052-2003
      View Details
    • Value Estimation
      $310,000
      12,242 SF

      15140 92nd St

      MANUFACTURING (LIGHT) • 12,242 SF
      15140 92nd St, Redmond, WA 98052-3519
      View Details
    • Value Estimation
      $375,000
      7,200 SF

      15230 92nd St

      MANUFACTURING (LIGHT) • 7,200 SF
      15230 92nd St, Redmond, WA 98052-3518
      View Details
    • Value Estimation
      $270,000
      5,775 SF

      15210 92nd St

      MANUFACTURING (LIGHT) • 5,775 SF
      15210 92nd St, Redmond, WA 98052-3518
      View Details

    Similar Nearby for Sale

    • 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
    • $3,811,700
      2,000 SF

      Redmond Industrial Land For Sale

      2,000 SF building on 38,117 SF lot in Redmond.
      18459 76Th St, Redmond, WA 98052
      View Details
    • $3,950,000
      5,800 SF

      Redmond Industrial/Retail/Automotive Building For Sale

      Stand-alone building near future light rail station with flexible zoning.
      18080 68Th St, Redmond, WA 98052
      View Details
    • $2,407,300
      3,439 SF

      Redmond Two-Story Office Building

      3,439 SF office building with high-end finishes, walkable to downtown.
      16880 79Th St, 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
    • $4,750,000

      Redmond Two-Story Office Building

      Two-story office building in Redmond with diverse tenant mix.
      7981 168Th Ave NE, Redmond, WA 98052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,994 SF

      Redmond Flex/Industrial Space Available

      28,994 SF flex/industrial space for lease in Redmond, WA.
      18465 NE 68Th St, Redmond, WA 98052
      View Details
    • Contact for pricing
      3,820 SF

      Redmond Industrial Space Available

      Industrial property available for rent in Redmond, Washington.
      14670 NE 95Th St, Redmond, WA 98052
      View Details
    • Contact for pricing
      4,889 SF

      Redmond Warehouse Space Available

      4,889 SF warehouse space for lease in Redmond, Washington.
      17425 NE Union Hill Rd, Redmond, WA 98052
      View Details
    • $1.50 SF/Yr
      4,331 SF

      Industrial Space on Willows Road

      Industrial property for rent with prime exposure on Willows Road.
      9125-9175 Willows Rd NE, Redmond, WA 98052
      View Details
    • $24 SF/Yr
      17,439 SF

      Redmond Office with Warehouse Space

      Office and warehouse space available for lease in Redmond.
      14833-14849 NE 87Th St, Redmond, WA 98052
      View Details
    • Contact for pricing
      13,227 SF

      Redmond Warehouse with High Clearance

      Redmond warehouse featuring 24' clearance, dock, and grade loading.
      15110 NE 95Th St, 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.
    9215 151st NE Ave
    Redmond, WA 98052-3511
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.