Financial
Distress signals
Property profile

123 Lake St S Kirkland, WA 98033

FOR LEASE
Retail space
Property ID
US90-1040298
9,402 SF 0.24 ac lot Built 1954
Last sale Jul 2021 · $9,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
123 Lake St S, Kirkland, WA 98033 For Lease
Contact for pricing 4,090 SF available
123 Lake St S, Kirkland, WA 98033
View Listing

Property summary

AI-generated overview

This commercial space was renovated and is configured for office or retail use. It includes high-end interior finishes and designated parking stalls. The space totals 1,272 square feet and is located within walking distance of local amenities, a short distance from Marina Park Pavilion, Kirkland Urban, and the Kirkland Transit Center.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$36k
Tax billed · 2022
Assessed value$4.70M
Assessed land$2.09M
Assessed improvement$2.61M
Effective rate0.76%

Value estimate

· Sep 2026
$8.86M
$7.97M – $9.75M
AI approach$8.18M
NOI build-up
Gross scheduled income$108k
Vacancy & credit loss−$3k
Operating expenses−$31k
NOI · 209,042.86% cap applied$73k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680
Qualifying comparables7

Cap rate analysis

How does the asset earn?
209,042.86%
$73k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD 2
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.0
Tailor Shop8.6
Pawn Shop8.2

Location

123 Lake St S Kirkland, WA 98033
County assessor Recorded deeds · 8 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6615 132nd NE, Kirkland, WA 98033-8627 $2,750,000 Jan 2024 5,000 SF
215 Lk S, Kirkland, WA 98033-6417 $10,500,000 Mar 2023 8,988 SF
10702 68th, Kirkland, WA 98033-7030 $14,000,000 May 2022 17,530 SF
8425 122nd NE, Kirkland, WA 98033-8059 $6,760,000 Aug 2021 14,246 SF
129 Lk S, Kirkland, WA 98033-6419 $9,600,000 Jul 2021 7,548 SF
132 Central, Kirkland, WA 98033-6106 $3,600,000 Oct 2020 6,841 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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