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    11232 120Th Ave Kirkland, WA 98033

    Sponsored
    For Lease
    $26 SF/Yr

    Modern Offices, Flexible Suites Available

    Lot size:
    28,005 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 11232 120Th Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,005 SF
    Class
    B
    Total Rate
    60677.5

    Building Details

    Year Built/Renovated
    1975/2024
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 103
    Size
    2,910 SF
    Rate per SF
    $26
    Space
    Suite 204
    Size
    3,709 SF
    Rate per SF
    $26
    Space
    Suite 203
    Size
    1,967 SF
    Rate per SF
    $26
    Space
    201 & 202 COMBINED
    Size
    3,901 SF
    Rate per SF
    $26
    Space
    Suite 202
    Size
    2,191 SF
    Rate per SF
    $26
    Space
    Suite 201
    Size
    1,710 SF
    Rate per SF
    $26

    HighLights

    • 11232 120th Ave NE, Kirkland, WA 98033: 28,005 SF Class B office building, renovated in 2024.
    • 16,880 SF of vacant space available, divisible into suites from 1,710 SF to 3,901 SF maximum.
    • Ample parking (3/1000 SF); prominent 405 Building signage available for leases of 5,000 SF+.
    • Located in the North Kirkland submarket with convenient access to I‑405 and amenities.
    • Building features executive and traditional office spaces, suitable for various business types.
    Property Profile Location Intelligence

    Current Use by Public Records

    Polaris Applied Sciences ... Environmental Consultant Audian Computer Service Harmonious Family Therapy Marriage Or Relationship Counselor Groomer's Best Friend Sharpening Service Jennifer Peloquin Marriage Or Relationship Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.1806463
    Latitude
    47.701375

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    FAQs

    What type of property is this?
    Individual retail property - Modern Offices, Flexible Suites Available
    Where is this individual retail property located?
    The property is located at 11232 120Th Ave Kirkland, WA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 11232 120th Ave NE, Kirkland, WA 98033: 28,005 SF Class B office building, renovated in 2024.; 16,880 SF of vacant space available, divisible into suites from 1,710 SF to 3,901 SF maximum.; Ample parking (3/1000 SF); prominent 405 Building signage available for leases of 5,000 SF+.
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    Kirkland, WA 98033
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    Realmo Value Estimation

    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.

    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.

    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
    11232 120Th Ave Kirkland, WA 98033
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