Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    12440 144Th St Kirkland, WA 98034

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12440 144Th St Kirkland, WA 98034

    View on Map
    • Lifestyle centers
    • 73,927 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McDonald's / Restaurant / Take-out & Catering
    • Kingsgate Mall / Shopping Center & Mall

    Property Details for 12440 144Th St

    Property size
    73,927 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents 73,927 square feet of prime commercial space within the Kingsgate Shopping Center, located at 12440 NE 144th Street in Kirkland, Washington, 98034. The property boasts a total of one suite, currently featuring 12,427 square feet of immediately available space, perfect for a variety of retail uses. Situated on a generous 5.7-acre lot in King County, this shopping center offers high visibility and convenient access for customers. The existing building provides ample space for a large-scale retail operation or the potential for subdivision to accommodate multiple smaller tenants. The property's strategic location in Kirkland, WA, ensures a strong customer base and significant foot traffic. This is an excellent chance to establish or expand a retail presence in a thriving community. The available space offers immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional property presents. The property's size and location make it an ideal investment for businesses seeking a prominent position in the Kirkland market. Don't miss this opportunity to secure a prime retail space in a high-traffic area.

    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
    -122.174
    Latitude
    47.7316

    Comparable in this City

    • Value Estimation by Request

      11811 128Th St

      Individual retail properties
      11811 128Th St, Kirkland, WA 98034
      View Details
    • Value Estimation by Request
      1,348 SF

      11636 98Th Ave

      Medical Office Space • 1,348 SF
      11636 98Th Ave, Kirkland, WA 98034
      View Details
    • Value Estimation by Request
      1,600 SF

      11623 98Th Ave

      Retail properties & Spaces • 1,600 SF
      11623 98Th Ave, Kirkland, WA 98034
      View Details
    • Value Estimation
      $20,395,000
      164,277 SF

      12221 120th NE Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 164,277 SF
      12221 120th NE Ave, Kirkland, WA 98034-6905
      View Details
    • Value Estimation
      $4,400,000
      25,817 SF

      14442 124th NE Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 25,817 SF
      14442 124th NE Ave, Kirkland, WA 98034-4801
      View Details
    • Value Estimation
      $4,800,000
      35,442 SF

      9826 132nd St

      WHOLESALE OUTLET, DISCOUNT STORE • 35,442 SF
      9826 132nd St, Kirkland, WA 98034-1998
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Nail Salon in Kirkland

      Profitable, turnkey nail salon business with loyal customer base.
      14130 Juanita Dr Ne, Kirkland, WA 98034
      View Details
    • Contact for pricing

      Established Nail Salon Business

      Profitable nail salon business for sale in Kirkland.
      14130 Juanita Dr NE, 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
      View Details
    • Contact for pricing

      Development-Ready Lots in Kirkland

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

    Similar Nearby for Lease

    • Contact for pricing
      1,476 SF

      Kirkland Retail Space Available

      Retail space available for lease in Kirkland, Washington.
      11811 Northeast 128Th St, Kirkland, WA 98034
      View Details
    • Contact for pricing

      Kirkland Retail Space for Lease

      Retail space available in busy Kirkland shopping center.
      10015 NE 137Th St, Kirkland, WA 98034
      View Details
    • $11,667 /Mo
      3,500 SF

      Kirkland Retail End Cap Space

      3,500 SF end cap retail space available for lease.
      13642 100Th Ave NE, Kirkland, WA 98034
      View Details
    • $2,882 /Mo
      910 SF

      Kirkland Retail Space For Rent

      Retail space in Totem Hill Plaza, Kirkland, WA.
      12301 120Th Ave NE, Kirkland, WA 98034
      View Details
    • $2,800 /Mo
      1,400 SF

      Retail Space Available For Rent

      1,400 SF retail space with open layout.
      11961 124Th Ave NE, 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
    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.
    12440 144Th St
    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.
    Sign Up Successful!
    You now have access to more from Realmo!