Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Kirkland Office Space For Lease Title is generated by Realmo AI

    1029 Market St Suite 201, Kirkland, WA 98033

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr $29,987/Mo (calc)

    Second floor office suite near downtown Kirkland with covered parking.

    Type:Office
    Property size:
    11,995 SF
    Added:
    Jan 27, 2026
    Days on Market:
    110
    Last Refresh:
    Apr 5 at 11:07 pm

    Property Features for 1029 Market St Suite 201

    General Information

    Standard status
    Active
    Size
    11,995 SF
    Property subtype
    Office

    Building Details

    Year Built
    2018

    Spaces For Lease

    at 1029 Market St Suite 201 Contact us

    We can help!

    Listing Contact
    John Werdel, CCIM

    Listing agent John Werdel, CCIM

    Listing office NAI PUGET SOUND PROPERTIES

    Listing date Jan 27, 2026

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI PUGET SOUND PROPERTIES

    HighLights

    • Excellent location, signage, & visibility on Market Street
    • Walking distance to downtown Kirkland services and Marina Park
    • Nine (9) covered parking stalls
    • Shared outdoor deck amenity to 2nd floor only
    • Modern building (Year Built: 2018)
    • Features 3 Private Offices, 1 Conference Room, 7 Cubes available

    Overview

    A 3,223 RSF second floor office suite is available for lease near downtown Kirkland. The property benefits from its location, signage, and visibility on Market Street. It is within walking distance to downtown Kirkland services and Marina Park. The suite includes three private offices, one conference room, and seven cubes. Nine covered parking stalls are available. A shared outdoor deck is an amenity for the second floor. The location has a walk score of 74 and a transit score of 46.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dibble Engineers, Inc. Engineering Consultant Prime Endodontics Dental Office Brand Motif Advertising Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.21
    Latitude
    47.6839

    Nearby Similar for Lease

    • Sponsored
      $129-$7,476/Mo
      11-1,292 SF

      WA, Kirkland - Corporate Center

      11335 122Nd Way, Unit 105, Kirkland, WA 98034
      View Details
    • $52 SF/Yr
      2,225 SF

      Prime Downtown Kirkland Retail Space

      Highly visible retail space in Kirkland's vibrant downtown area.
      116 - 122 Central Way, Kirkland, WA 98033
      View Details
    • $52 SF/Yr
      2,225 SF

      Prime Downtown Kirkland Retail Space

      Highly visible retail space in Kirkland's vibrant downtown area.
      116 - 122 Central Way, Kirkland, WA 98033
      View Details
    • $30 SF/Yr
      3,223 SF

      Kirkland Office Space For Lease

      Second floor office suite near downtown Kirkland with covered parking.
      1029 Market St, Suite 201, Kirkland, WA 98033
      View Details
    • $39 SF/Yr
      873 SF

      Office Suites Near Downtown Kirkland

      Two office suites available near downtown Kirkland for lease.
      1207-1211 Market St, Kirkland, WA 98033
      View Details
    • $30 SF/Yr
      4,213 SF

      Downtown Kirkland Retail Space Available

      High-visibility retail space in downtown Kirkland with excellent foot traffic.
      108 Central Way, Kirkland, WA 98033
      View Details
    • $45 SF/Yr
      7,149 SF

      Kirkland Office Building For Rent

      Four-story office building in downtown Kirkland, built in 1995.
      520 Kirkland Way, Kirkland, WA, 98033
      View Details
    • $5,218/Mo
      1,789 SF

      Kirkland Office Building with Views

      Prominent office building with views and convenient access.
      11250 Kirkland Way, Kirkland, WA 98033
      View Details
    • $9,198/Mo
      4,383 SF

      Kirkland Office Space for Lease

      Upgraded office building with tenant amenities and ample parking.
      12220 113th Ave NE, Kirkland, WA 98034
      View Details
    • $9,642/Mo
      2,225 SF

      Kirkland Office Space Available

      Professional office space in Kirkland with private suites and amenities.
      116 Central Way, Kirkland, WA 98033
      View Details
    • $13,304/Mo
      6,345 SF

      Kirkland Office Space for Lease

      Upgraded office building with tenant amenities and ample parking.
      12220 113th Ave NE, Kirkland, WA 98034
      View Details
    • $35 SF/Yr
      5,669 SF

      Kirkland Office Building with Views

      Office building with views, parking, and convenient access to amenities.
      11250 Kirkland Way, Kirkland, WA
      View Details

    FAQs

    What type of property is this?
    Office units - Second floor office suite near downtown Kirkland with covered parking.
    Where is this office units located?
    The property is located at 1029 Market St Suite 201 Kirkland, WA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Excellent location, signage, & visibility on Market Street; Walking distance to downtown Kirkland services and Marina Park; Nine (9) covered parking stalls
    (206) 332-1488
    We can help!
    Listing Contact
    John Werdel, CCIM
    Learn More
    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.
    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

    Thank You for Inquiry
    1029 Market St, Suite 201, Kirkland, WA 98033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!