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    Property profile & analytics
    OFF-MARKET Estimated value $8,710,000
    Manufacturing properties

    9660 153rd NE Ave, Redmond, WA 98052-2546

    34,700 SF 1.5 ac lot Built 1980
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US90-0386171
    Property summary
    AI-generated overview

    This exceptional flex space, known as the Penny Arcade Building, presents a unique investment opportunity in Redmond's desirable Willows Industrial District. The property encompasses a total of 33,225 square feet of net rentable space, housed within a single two-story building situated on a 1.5-acre lot. The building features a versatile layout combining 17,748 square feet of office space with a spacious warehouse area. The warehouse boasts a 29-foot ceiling height and convenient loading capabilities, including two dock-high doors. The property is zoned MP, providing flexibility for a variety of uses. The building's location at 9660 153rd Ave NE in Redmond, WA 98052, offers excellent access to major transportation arteries, including the expanding East Link Light Rail, and is conveniently located near Redmond Town Center, Willows Run Golf Complex, and Marymoor Park. The property is owned by FC Industries LLC and features two units across one building. This prime location, combined with the building's functional design and ample space, makes it an ideal choice for businesses seeking a blend of office and warehouse functionality in a thriving area. The property's APN is 943050-0121. The building offers 1000 amps of power.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1980
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 34,700 SF
    Lot 1.5 ac (65,339 SF)
    Zoning code MP
    APN 943050-0121
    UPID US90-0386171
    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
    • Childs Play Charity Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $5.37M
    Comparable Approach Comparable
    $10.88M
    Blend (final) Blend
    $8.71M
    Owner & transaction history
    Terreno 153rd LLC · 1 yrs held
    Terreno 153rd LLC
    since 2025
    Last sale
    $9.3M
    7 recorded transactions
    2025
    $9.3M
    2023
    2016
    2012
    $3.0M
    2002
    2000
    $1.9M
    1993
    $1.5M
    Zoning & alternative use
    MP · Redmond, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $13.7M +3.6%
    Retail stores $13.6M +2.9%
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