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    Property profile & analytics

    9988 Avondale NE Rd Redmond, WA 98052-2995

    • Assisted living facilities
    • 116,545 SF
    • 7.29 lot acres
    OFF-MARKET
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1695706
    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

    • Fairwinds - Redmond / Retirement Community

    Property Details for 9988 Avondale NE Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.29 lot acres
    Property size
    116,545 SF
    Zone code
    R6
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    312606-9026
    APU
    3126069026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,045,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Redmond
    County
    King
    State
    Washington
    Longitude
    -122.091
    Latitude
    47.6889
    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
    $239,921
    $4,448,100
    $28,945,300
    $33,393,400
    -
    $4,448,100
    $28,945,300
    $33,393,400

    Comparable in this City

    • Value Estimation
      $925,000
      29,145 SF

      14431 Redmond Way

      HOMES (RETIRED, NURSING) • 29,145 SF
      14431 Redmond Way, Redmond, WA 98052-4245
      View Details
    • Value Estimation
      $690,000
      32,643 SF

      7950 Willows NE Rd

      HOMES (RETIRED, NURSING) • 32,643 SF
      7950 Willows NE Rd, Redmond, WA 98052-6813
      View Details
    • Value Estimation
      $685,000
      34,333 SF

      7900 Willows NE Rd

      HOMES (RETIRED, NURSING) • 34,333 SF
      7900 Willows NE Rd, Redmond, WA 98052-6813
      View Details
    • Value Estimation by Request
      368,500 SF

      10901 176th NE Cir

      HOMES (RETIRED, NURSING) • 368,500 SF
      10901 176th NE Cir, Redmond, WA 98052-7218
      View Details
    • Value Estimation
      $730,000
      21,350 SF

      4585 Lk Sammamish NE Pkwy

      HOMES (RETIRED, NURSING) • 21,350 SF
      4585 Lk Sammamish NE Pkwy, Redmond, WA 98052-5407
      View Details
    • Value Estimation
      $665,000
      18,330 SF

      7480 Lk Sammamish NE Pkwy

      HOMES (RETIRED, NURSING) • 18,330 SF
      7480 Lk Sammamish NE Pkwy, Redmond, WA 98052-4342
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      350,000 SF

      Redmond Land Parcel For Sale

      Large land parcel available in Redmond, Washington.
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      View Details
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      Redmond Two-Story Office Building

      3,439 SF office building with high-end finishes, walkable to downtown.
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    • $1,049,900
      1,505 SF

      Luxurious Townhome with Upgraded Appliances

      Spacious 2-bedroom townhome with modern design and high-end finishes.
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    • $4,750,000

      Redmond Two-Story Office Building

      Two-story office building in Redmond with diverse tenant mix.
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    • $1,850,000

      Redmond Development Opportunity

      Land for four residential units in downtown Redmond.
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      148,673 SF

      Redmond Retail Redevelopment Opportunity

      Large retail property in Redmond, WA, suitable for redevelopment.
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    Similar Nearby for Lease

    • $26 SF/Yr
      5,045 SF

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      Office space for sublease in a prime Redmond location.
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      View Details
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      22,537 SF

      Redmond Office Creative Space

      High-quality, tech-ready office space in Redmond with free parking.
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      24,236 SF

      Redmond Warehouse Space Available

      24,236 SF warehouse space available for lease in Redmond.
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      16,852 SF

      Redmond Commercial Space with Parking

      Commercial property in Redmond with ample parking spaces available.
      17445 NE 70Th St, Redmond, WA 98052
      View Details
    • Contact for pricing
      11,932 SF

      Redmond Warehouse/Flex Space Available

      Multi-tenant office/warehouse/flex space in Redmond's Willows/Rose Hill submarket.
      9911 Willows Rd 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
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    9988 Avondale NE Rd
    Redmond, WA 98052-2995
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    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
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