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Property profile & analytics
OFF-MARKET
Estimated value
$31,595,000
Warehouses
10830 117th NE Pl, Kirkland, WA 98033
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0744165
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
125,584 SF
Lot
7.15 ac (311,454 SF)
Zoning code
TL 10D
APN
389310-0820
UPID
US90-0744165
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.60M
Comparable Approach
Comparable
$30.51M
Blend (final)
Blend
$31.60M
Owner & transaction history
Terrcno Kirkland 117 LLC · 5 yrs held
Terrcno Kirkland 117 LLC
since 2021
Last sale
$33.8M
2 recorded transactions
Zoning & alternative use
TL 10D · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$49.6M
+37.7%
Retail stores
$49.3M
+36.7%
Industrial (general)
$47.9M
+32.9%
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
$36,360,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,560,000
6.5%
$23,595,000
7%
$21,910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$36,035,000
Current use
MEDICAL BUILDING
$49,605,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$49,265,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$47,895,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$31.60M
Range $28.44M – $34.75M · ±10% · vs last sale $33.75M (Feb 26 2021)
Last sale anchor
$33.75M
Feb 26 2021
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
$252 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$255,162
Tax year 2022
Assessed value
$30,870,300
Assessed 2022
Previous assessed
$30,870,300
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$8,409,200
Assessed improvement
$22,461,100
Land market value
$8,409,200
Improvement market value
$22,461,100
Total market value
$30,870,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
125,584 SF
Lot
7.15 ac (311,454 SF)
Zoning code
TL 10D
APN
389310-0820
UPID
US90-0744165
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10D · Kirkland, WA
Zoning TL 10D · permitted uses
TL 10D · 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
WAREHOUSE, STORAGE Current
Est. value
$36.0M
MEDICAL BUILDING
Est. value
$49.6M
RETAIL STORES
Est. value
$49.3M
INDUSTRIAL (GENERAL)
Est. value
$47.9M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
7.15 ac
Current owner
From public records · entity-resolved
Terrcno Kirkland 117 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
101 MONTGOMERY ST, SAN FRANCISCO, CA 94129-1718
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$33,750,000
Terrcno Kirkland 117 LLC
Cogswell Limited Partnership
Bargain And Sale Deed
—
Jul 1, 1992
—
Cogswell Ltd Partnership
Hillcrest Corp
Grant Deed
related
—
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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