11232 120Th Ave NE Kirkland, WA 98033
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TL 10E · Kirkland, WAKirkland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.