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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Office buildings
10519 38th Pl Kirkland, WA 98033-7926
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-3305996
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,888 SF
Lot
0.08 ac (3,611 SF)
Zoning code
YBD 3
APN
431500-0120
UPID
US90-3305996
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Yarrow bay office park Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.80M
Owner & transaction history
Eastside Preparatory School · 2 yrs held
Eastside Preparatory School
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
YBD 3 · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kirkland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kirkland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,800,000
ML approach
$2,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,160,000
Current use
COMMERCIAL (GENERAL)
$1,980,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,785,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±10% · vs last sale $2.80M (Apr 18 2024)
Last sale anchor
$2.80M
Apr 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$720 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,401
Tax year 2024
Assessed value
$1,846,800
Assessed 2023
Previous assessed
$1,846,800
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$433,300
Assessed improvement
$1,413,500
Land market value
$433,300
Improvement market value
$1,413,500
Total market value
$1,846,800
Applied tax rate
1,701.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
3,888 SF
Lot
0.08 ac (3,611 SF)
Zoning code
YBD 3
APN
431500-0120
UPID
US90-3305996
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
YBD 3 · Kirkland, WA
Zoning YBD 3 · permitted uses
YBD 3 · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kirkland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Eastside Preparatory School
Individual
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$2,800,000
Eastside Preparatory School
Linbrook 12 LLC
Bargain And Sale Deed
—
Nov 5, 2020
—
Linbrook 12 LLC
—
Deed
related
$1,455,000 · Columbia State Bank
Apr 1, 2015
$1,600,000
Linbrook #12 LLC
Linbrook Building 12 LLC
Warranty Deed
$1,312,500 · Columbia State Bank
Jun 15, 2006
$2,581,812
Linbrook Buildings LLC
Hines Linbrook Associates
Grant Deed
—
Jun 15, 2006
$1,230,528
Miranda LLC
Hines Linbrook Associates
Grant Deed
—
Mar 15, 2005
—
Linbrook Owners Assn
Yett Family Ptshp
Grant Deed
—
Mar 15, 2005
$20,500
Hines Linbrook Associates
Yett Family Ptshp
Grant Deed
$17,000,000 · Fremont Investment & Loan
Feb 16, 2005
—
Yett Family Ptshp
Yett Family Ptshp
Quit Claim Deed
—
Jun 2, 1997
$12,675,000
Yett Family Partnership LP
Linbrook Office Park I LP
Grant Deed
$8,711,000 · Seafirst Bank
Mar 7, 1997
$780,000
Metrolpolitan LLC
Pistan USA Corp
Grant Deed
—
Jan 31, 1991
$592,600
Pistan USA Corp
Linbrook Office
Grant Deed
$349,600 · Hokkaido Takusho
Jan 17, 1990
$630,000
Linbrook Office Park I
Pacific
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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