Technical
Financial
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Property profile

1003 7Th Ave Kirkland, WA 98033

FOR LEASE
Office buildings
Property ID
US90-2972193
5,950 SF 0.3 ac lot Built 1981
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

A two-story office building totaling approximately 6,000 square feet is situated on a 13,200 square foot lot. The interior spaces have been updated and feature extensive window lines providing natural light on both levels. The building configuration includes separate private entrances, supporting either a multi-tenant arrangement or occupancy of the full building. The property includes 17 surface parking stalls for employee and client access. The site is located within Kirkland’s Urban Flex (UF) zoning, which permits mixed-use development up to 45 feet, with ground-floor retail and residential reserved for upper levels. The property is positioned near planned public infrastructure, including the NE 85th Street Bus Rapid Transit (BRT) station and the redesigned I-405 interchange, and it is adjacent to the Cross Kirkland Corridor walking and biking trail.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction FRAME
Total area 5,950 SF
Lot 0.3 ac (13,200 SF)
Zoning code LIT
APN 388690-1150
UPID US90-2972193

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Special Education Facility
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Counselor

Location

1003 7Th Ave Kirkland, WA 98033
Kirkland metro Census 22502 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.60M
CAP Approach CAP
$2.06M
Comparable Approach Comparable
$1.85M
Blend (final) Blend
$2.60M

Owner & transaction history

since 2024
Last sale
$2.6M
3 recorded transactions
2024
$2.6M
2000
Price N/A
1988
Price N/A

Zoning & alternative use

LIT · Kirkland, WA
Zoning description

ones. 35.20 Permitted Uses. 35.30 Density/Dimensions. 35.40 Development Standards. 40 Industrial Zones 40.05 User Guide. 40.05.010 Applicable Zones. 40.05.020 Common Code References. 40.10 General Regulations. 40.10.010…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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