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Financial
Distress signals
Property profile

6990 188 Ave Northeast Redmond, WA 98052

FOR LEASE
Office Spaces
Property ID
US90-2303114
110,708 SF 1.55 ac lot Built 2003
Last sale Dec 2019 · $30,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$340k
Tax billed · 2022
Assessed value$46.31M
Assessed land$8.44M
Assessed improvement$37.86M
Effective rate0.73%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$777/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$233 – $1,244

Cap rate analysis

How does the asset earn?
69,343,200.00%
$693k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TWNC
Town Center is one of the city primary gathering places. Its mix of shops and restaurants, offices, hotel rooms, and housing brings peopl...
General categoryRESIDENTIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.4
Auto Parts Store9.8
Convenience Store9.7

Location

6990 188 Ave Northeast Redmond, WA 98052
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15446 Bel Red, Redmond, WA 98052-5501 $20,758,858 Feb 2026 55,125 SF
3050 152nd NE, Redmond, WA 98052-5307 $39,000,000 Dec 2025 115,555 SF
14500 87th, Redmond, WA 98052-3431 $40,000,000 Jul 2025 64,751 SF
14520 87th, Redmond, WA 98052-3431 $40,000,000 Jul 2025 61,079 SF
5000 148th NE, Redmond, WA 98052-5135 $45,000,000 Apr 2025 69,000 SF
6464 185th NE, Redmond, WA 98052-5032 $90,100,000 Aug 2022 83,029 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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