Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400 Urban Plz Kirkland, WA 98033

    Property Lookup

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

    400 Urban Plz Kirkland, WA 98033

    View on Map
    • Investment properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 400 Urban Plz

    Property type
    Investment properties

    Description

    LeVue Nail Spa, established in 2014, presents a lucrative business opportunity in the vibrant Kirkland Urban development. This thriving nail salon boasts a loyal clientele built on superior service, high-quality products, and a welcoming atmosphere. Located at 400 Urban Plaza Unit 170, Kirkland, WA, the business benefits from its prime position within a mixed-use complex that includes shopping, dining, and ample free parking. Kirkland Urban's strategic location and strong anchor tenants, such as QFC and Google, ensure high foot traffic and visibility. The salon's success is attributed to the owner's extensive experience in the beauty industry and commitment to customer satisfaction. This turnkey operation offers a seamless transition for a new owner, providing an immediate opportunity to capitalize on an established brand and loyal customer base within a thriving community. The sale price is $675,000. The property is situated in a park-side hub, offering convenient access and a pleasant environment for both clients and staff. The business is ideally positioned to continue its growth and success within the dynamic Kirkland Urban setting. This is a rare opportunity to acquire a well-established and profitable business in a highly desirable location.

    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
    -122.199
    Latitude
    47.6783

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      90 Central Way

      OFFICE/RESIDENTIAL (MIXED USE) • 0.32 Acres
      90 Central Way, Kirkland, WA 98033-6115
      View Details
    • Value Estimation by Request

      13102 70Th Pl

      Investment properties
      13102 70Th Pl, Kirkland, WA 98033
      View Details
    • Value Estimation
      $3,110,000
      23,310 SF

      330 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 23,310 SF
      330 4th St, Kirkland, WA 98033-5835
      View Details
    • Value Estimation
      $1,065,000
      4,620 SF

      424 Central Way

      OFFICE/RESIDENTIAL (MIXED USE) • 4,620 SF
      424 Central Way, Kirkland, WA 98033-6287
      View Details
    • Value Estimation by Request
      690 SF

      Kirkland, WA 98033

      OFFICE/RESIDENTIAL (MIXED USE) • 690 SF
      Kirkland, WA 98033
      View Details
    • Value Estimation by Request

      120524 Bz Undisclosed

      Investment properties
      120524 Bz Undisclosed, Kirkland, WA 98033
      View Details

    Similar Nearby for Sale

    • $119,000

      Profitable Pizza Franchise in Kirkland

      Established Pizza Business, High Net Income
      120524 Bz Undisclosed, Kirkland, WA 98033
      View Details
    • $2,100,000
      3,700 SF

      Medical Commercial Condominium Opportunity

      Medical commercial condominium for sale, suitable for owner/user or investment.
      11415 Slater Ave NE, Kirkland, WA 98033
      View Details
    • $4,250,000

      Kirkland Multifamily Property Near Marsh Park

      Six-unit property near downtown Kirkland with lake and mountain views.
      10150 64Th St, Kirkland, WA 98033
      View Details
    • $1,700,000

      Kirkland Office Building Development Opportunity

      Development opportunity near NE 85th Station with NMU zoning.
      11644 NE 80Th St, Kirkland, WA 98033
      View Details
    • Contact for pricing
      4,145 SF

      Turn-Key Sports Bar Opportunity

      Fully operational sports bar in Kirkland's busy commercial corridor.
      14417 124Th Ave NE, Kirkland, WA 98033
      View Details
    • Contact for pricing
      2,953 SF

      Kirkland Office Building For Sale

      Office building for sale in Kirkland, Washington.
      790 6Th St S, Kirkland, WA 98033
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space for lease in Kirkland, Washington.
      10230 Points Dr NE, Kirkland, WA 98033
      View Details
    • Contact for pricing
      23,381 SF

      Kirkland Industrial Space Available

      Industrial property available for rent in Kirkland, Washington.
      11155 120Th Ave NE, Kirkland, WA 98033
      View Details
    • $30 SF/Yr

      Kirkland Office Space For Lease

      Second floor office suite near downtown Kirkland with covered parking.
      1029 Market St, Kirkland, WA 98033
      View Details
    • $8,000 /Mo
      3,200 SF

      Second Floor Office Space Available

      Second-floor office space with lobby and elevator access for lease.
      12801 85Th St, Kirkland, WA 98033
      View Details
    • $2,650 /Mo
      1,272 SF

      Renovated Office/Retail Space Available

      Newly renovated office/retail space near Kirkland amenities and transit.
      123 Lake St S, Kirkland, WA 98033
      View Details
    • $32,247
      9,674 SF

      Kirkland Office Space Available

      Market-ready office suite with private offices and open space.
      11255 Kirkland Way, Kirkland, WA 98033
      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.
    400 Urban Plz
    Kirkland, WA 98033
    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!