Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    13750 97Th Ave Kirkland, WA 98034

    • Manufacturing properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2047626
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 13750 97Th Ave

    Property type
    Manufacturing properties

    Description

    This exceptional 98034 Kirkland, WA property, located at 13750 97TH AVENUE NE, presents a unique development opportunity. Priced at $330,000, this King County land parcel offers stunning Cascade Mountain views, providing a serene and private setting. The lot is situated at the end of a paved dead-end street, ensuring maximum tranquility. While previously a residential site, the existing structure was destroyed by fire over 30 years ago. All essential utilities – water, electricity, gas, and sewer – are readily available at the street. Remnants of previous pilings remain on the site. This versatile land, classified as both residential and manufacturing, allows for a wide range of potential uses. The property's size is not specified, but its location and amenities make it an attractive investment for those seeking a unique development project in a desirable area. Buyers are encouraged to conduct their own due diligence to determine the suitability of the land for their intended purpose. The property's history and existing conditions should be carefully considered before any development plans are finalized. This is a chance to create something truly special in a picturesque setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.2116896
    Latitude
    47.7237549

    Comparable in this City

    • $899,990
      1,600 SF

      Luxury Townhomes Near Totem Lake

      Elegant 3-bedroom townhomes with upscale finishes and modern amenities.
      12705 NE 144Th St, Kirkland, WA 98034
      View Details
    • $1,199,999
      2,155 SF

      New Construction Home Ready Now

      New construction home featuring a covered deck and luxurious primary suite.
      13217 NE 127 Way, Kirkland, WA 98034
      View Details
    • $1,149,999
      2,200 SF

      New Construction Home Ready Now

      New construction home featuring a gourmet kitchen and spa-like bathroom.
      13214 NE 127Th Ct, Kirkland, WA 98034
      View Details
    • $1,179,999
      2,202 SF

      New Construction Three-Level Home

      New construction home featuring an open-concept layout and covered deck.
      13214 NE 127Th Ct, Kirkland, WA 98034
      View Details
    • $1,099,999
      2,002 SF

      New Construction Three-Story Home

      New construction three-story home with upgraded features and convenient location.
      13217 NE 127Th Ct, Kirkland, WA 98034
      View Details
    • $1,099,999
      2,002 SF

      New Construction Home Ready Now

      Three-level home near parks, waterfront, shops, dining, and schools.
      13217 NE 127Th Ct, Kirkland, WA 98034
      View Details

    Similar Nearby for Sale

    • $899,990
      1,600 SF

      Luxury Townhomes Near Totem Lake

      Elegant 3-bedroom townhomes with upscale finishes and modern amenities.
      12705 NE 144Th St, Kirkland, WA 98034
      View Details
    • $1,199,999
      2,155 SF

      New Construction Home Ready Now

      New construction home featuring a covered deck and luxurious primary suite.
      13217 NE 127 Way, Kirkland, WA 98034
      View Details
    • $1,149,999
      2,200 SF

      New Construction Home Ready Now

      New construction home featuring a gourmet kitchen and spa-like bathroom.
      13214 NE 127Th Ct, Kirkland, WA 98034
      View Details
    • $1,179,999
      2,202 SF

      New Construction Three-Level Home

      New construction home featuring an open-concept layout and covered deck.
      13214 NE 127Th Ct, Kirkland, WA 98034
      View Details
    • $1,099,999
      2,002 SF

      New Construction Three-Story Home

      New construction three-story home with upgraded features and convenient location.
      13217 NE 127Th Ct, Kirkland, WA 98034
      View Details
    • $1,124,999
      2,202 SF

      New Construction Three-Story Home

      New construction three-story home with open floor plan and modern amenities.
      13220 NE 127Th Ct, Kirkland, WA 98034
      View Details

    Similar Nearby for Lease

    • $3,250 /Mo
      1,630 SF

      Finn Hill Home For Rent

      Three-bedroom home near Juanita Beach Park, available for rent now.
      14144 76Th Pl NE, Kirkland, WA 98034
      View Details
    • $16 SF/Yr
      2,550 SF

      Industrial Space in Kirkland Available

      2,550 square feet of industrial space for lease.
      11630 Slater Ave NE, Kirkland, WA 98034
      View Details
    • $18 SF/Yr
      32,248 SF

      AmTest Warehouse: Kirkland, WA

      Prime Kirkland Warehouse Space Available
      13536 126Th Pl, Kirkland, WA 98034
      View Details
    • Contact for pricing
      7,530 SF

      Kirkland Industrial Sublease Opportunity

      Industrial space in Kirkland with warehouse and office areas.
      12509 130Th Ln NE, Kirkland, WA 98034
      View Details
    • $1.50 SF/Yr
      9,125 SF

      Kirkland Warehouse with Office Space

      9,125 SF warehouse with 1,558 SF office space.
      13536-13600 NE 126Th Pl, Kirkland, WA 98034
      View Details
    • $1.25 SF/Yr
      10,430 SF

      Kirkland Warehouse Space Available

      Industrial warehouse space available for lease in Kirkland, Washington.
      11801-11854 NE 116Th St, Kirkland, WA 98034
      View Details
    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.
    13750 97Th Ave
    Kirkland, WA 98034
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.