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    9750 120Th Pl Kirkland, WA 98034

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    9750 120Th Pl Kirkland, WA 98034

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    Current Use by Public Records

    • Kirkland Family Dental Care / Dental Office
    • Glow Medispa / Spa & Massage Center / Alternative Medicine Practice
    • Timothee Souquet / Dental Office
    • Constance Manson / Dental Office
    • Thomas Howard Seal / Dental Office

    Property Details for 9750 120Th Pl

    Property type
    Office properties & Spaces

    Description

    This exceptional Class B office building, known as the Juanita Professional Center, presents a compelling investment opportunity at an asking price of $375,000. Located at 9750 NE 120th Pl in Kirkland, Washington (zip code 98034), this traditional office property boasts a prime location in the heart of Downtown Juanita. Its convenient proximity to Interstate 405 (approximately one mile away) ensures easy access for employees and clients. The building offers ample parking, with a 4.5 parking stall ratio per 1,000 square feet. This translates to convenient parking for tenants and visitors. Furthermore, the property benefits from its strategic placement within a vibrant commercial district, surrounded by a wealth of shopping centers, restaurants, and retail establishments, providing employees and visitors with a wide array of amenities. High-speed internet access is readily available, with both Comcast and Ziply Fiber services accessible to the building. This makes the Juanita Professional Center an attractive option for businesses seeking a well-located, amenity-rich office space in the thriving Kirkland market. The property's strong location and convenient features make it an ideal investment for those seeking a stable and potentially high-return asset in a desirable area of King County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.211
    Latitude
    47.7088

    Comparable in this City

    • Value Estimation by Request
      576 SF

      11812 108th NE Ave

      OFFICE (GENERAL) • 576 SF
      11812 108th NE Ave, Kirkland, WA 98034-3926
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    • Value Estimation by Request
      10,354 SF

      11335 122Nd St

      Office Units • 10,354 SF
      11335 122Nd St, Kirkland, WA 98034
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    • Value Estimation by Request
      1,348 SF

      11636 98Th Ave

      Medical Office Space • 1,348 SF
      11636 98Th Ave, Kirkland, WA 98034
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    • Value Estimation
      $1,500,000
      1,887 SF

      14237 73rd NE Ave

      OFFICE (GENERAL) • 1,887 SF
      14237 73rd NE Ave, Kirkland, WA 98034-4932
      View Details
    • Value Estimation
      $520,000
      2,580 SF

      12532 117th Pl

      OFFICE (GENERAL) • 2,580 SF
      12532 117th Pl, Kirkland, WA 98034-4117
      View Details
    • Value Estimation
      $17,975,000
      99,694 SF

      11800 128th St

      MEDICAL BUILDING • 99,694 SF
      11800 128th St, Kirkland, WA 98034-7208
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,286 SF

      Kirkland Medical/Office Property For Sale

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      11415 NE 128Th St, Kirkland, WA 98034
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    • Contact for pricing

      Kirkland Commercially Zoned Investment Opportunity

      Commercially zoned property in Kirkland with income and development potential.
      9833 NE 120Th Pl, Kirkland, WA 98034
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    • $6,250,000
      5,286 SF

      Kirkland Medical/Office Property For Sale

      Medical or office property in Totem Lake area.
      11415 128Th St, Kirkland, WA 98034
      View Details
    • Contact for pricing

      Kirkland Development-Ready Land Opportunity

      Four lots suitable for DADUs, cottage housing, or single-family residences.
      13119 NE 134Th Pl, Kirkland, WA 98034
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    • Contact for pricing

      Development-Ready Lots in Kirkland

      Four lots ideal for DADUs, cottage housing, or SFRs.
      13121 NE 134Th Pl, Kirkland, WA 98034
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    • Contact for pricing
      Pending

      Kirkland Commercially Zoned Investment Property

      Commercially zoned property in Kirkland with income and development potential.
      9833 NE 120Th Pl, Kirkland, WA 98034
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    Similar Nearby for Lease

    • Contact for pricing
      3,903 SF

      Kirkland Office Space For Rent

      Office space available in Kirkland, Washington.
      11332 NE 122Nd Way, Kirkland, WA 98034
      View Details
    • $3,084 /Mo
      1,542 SF

      Kirkland Office/Retail Space Available

      1,542 SF office/retail space with flexible lease terms.
      11961 124Th Ave NE, Kirkland, WA 98034
      View Details
    • Contact for pricing
      1,074 SF

      Kirkland Office Suite Sublease Available

      Office suite with five private offices available for sublease.
      11411 NE 124Th St, Kirkland, WA 98034
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    • $4,101 /Mo
      1,697 SF

      Medical Office Space Available

      Medical office suite near Evergreen Hospital, easy I-405 access.
      13131 120Th Ave NE, Kirkland, WA 98034
      View Details
    • $59,348
      28,487 SF

      Kirkland Office Building For Rent

      Office building with recent upgrades and tenant amenities for rent.
      12220 113Th Ave NE, Kirkland, WA 98034
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    • Contact for pricing
      4,415 SF

      Kirkland Office Building For Rent

      Office building with recent upgrades and tenant amenities for rent.
      12220 113Th Ave NE, Kirkland, WA 98034
      View Details
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    9750 120Th Pl
    Kirkland, WA 98034
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    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
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