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Property profile & analytics
FOR LEASE
Office buildings

11232 120Th Ave NE Kirkland, WA 98033

28,005 SF 0.83 ac lot Built 1975
Entity Owned 13-yr Hold Free & Clear
Property ID
US90-0735039
11232 120Th Ave NE, Kirkland, WA 98033 For Lease
$4,354/Mo 1,866 SF available
11232 120Th Ave NE, Kirkland, WA 98033
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Property summary
AI-generated overview

This exceptional office property, located at 11232 120th Ave NE in Kirkland, WA 98033, offers a diverse range of spaces ideal for businesses of all sizes. Building A of the 405 Business Park comprises 28,005 square feet across two stories, boasting a blend of executive and traditional office layouts. Constructed in 1975 and extensively renovated in 2024, the building presents a modern and updated workspace. Currently, there are 16,880 square feet of vacant space available, divisible into units ranging from a minimum of 1,710 square feet to a maximum contiguous space of 3,901 square feet. The property features a total of five suites, providing flexibility for various business needs. While there are no loading docks, drive-ins, or elevators, ample parking is provided at a ratio of 3 spaces per 1,000 square feet. The building is classified as Class B and situated in the North Kirkland submarket, offering convenient access to local amenities and transportation. For tenants leasing 5,000 square feet or more, prominent 405 Building signage is available. This presents a unique opportunity to establish a strong brand presence in a thriving business community. The property is categorized as both Office and Industrial, and the subtypes include Executive Office, Traditional Office, and Storefront, making it suitable for a wide array of businesses.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,005 SF
Lot 0.83 ac (35,950 SF)
Zoning code TL 10E
APN 332605-9045
UPID US90-0735039
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
  • Polaris Applied Sciences Inc Environmental Consultant
  • Audian Tech Support Center (Bike/Boat/Book/etc) Store
  • Harmonious Family Therapy Marriage Or Relationship Counselor
  • Groomer's Best Friend Sharpening Service
  • Jennifer Peloquin Marriage Or Relationship Counselor Practitioner Service Location
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.98M
Owner & transaction history
405 Business Park LLC · 13 yrs held
405 Business Park LLC
since 2012
2 recorded transactions
2012
Price N/A
1998
$4.4M
Zoning & alternative use
TL 10E · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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