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Property profile & analytics
OFF-MARKET
Estimated value
$8,850,000
Warehouses
11011 120th NE Ave Kirkland, WA 98033-5022
Entity Owned
~
Est. High Equity
Property ID
US90-0831407
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
24,815 SF
Lot
1.79 ac (77,808 SF)
Zoning code
TL 10E
APN
389310-0933
UPID
US90-0831407
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
-
GE Monogram Repair Kirkland Home Appliance Store
-
Hopelink Charitable Organization Social Service Agency
-
Hopelink Kirkland/Northshore - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.24M
Blend (final)
Blend
$8.85M
Owner & transaction history
Mrm Everett LLC
Mrm Everett LLC
since 2025
Last sale
$8.9M
6 recorded transactions
Zoning & alternative use
TL 10E · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.8M
+93.8%
Restaurant
$13.2M
+84.9%
Commercial (general)
$12.7M
+77.7%
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
$8,920,000
ML approach
$8,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,120,000
Current use
OFFICE BUILDING
$13,795,000
Change: +94% · Conversion: Difficult
RESTAURANT
$13,165,000
Change: +85% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,650,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,390,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$9,800,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$9,735,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$9,465,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$8.85M
Range $7.97M – $9.74M · ±10% · vs last sale $8.85M (Jul 23 2025)
Last sale anchor
$8.85M
Jul 23 2025
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
$357 / 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
$54,404
Tax year 2022
Assessed value
$7,320,400
Assessed 2022
Previous assessed
$7,320,400
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,023,000
Assessed improvement
$5,297,400
Land market value
$2,023,000
Improvement market value
$5,297,400
Total market value
$7,320,400
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
1997
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
24,815 SF
Lot
1.79 ac (77,808 SF)
Zoning code
TL 10E
APN
389310-0933
UPID
US90-0831407
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10E · Kirkland, WAZoning TL 10E · permitted uses
TL 10E · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.1M
OFFICE BUILDING
Est. value
$13.8M
RESTAURANT
Est. value
$13.2M
COMMERCIAL (GENERAL)
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$9.8M
RETAIL STORES
Est. value
$9.7M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Mrm Everett LLC
Entity
Mailing address
STE 2400, BELLEVUE, WA 98004
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
$8,850,000
Mrm Everett LLC
Nicola 11011 Kirkland LP
Bargain & Sale Deed
$12,000,000 · Symetra Life Insurance Co
Sep 13, 2021
—
Nicola 11011 Kirkland LP
—
Deed
related
$60,000,000 · The Toronto Dominion Bank
Mar 31, 2021
$8,280,000
Nicola 11011 Kirkland LP
Lhv Properties LLC
Warranty Deed
—
Mar 29, 2012
$7,006,700
Lhv Properties LLC
Vander Hoek Corp
Quit Claim Deed
related
$3,300,000 · Ameriprise Certificate Co
Oct 29, 2003
—
Vander Hoek Corp
—
Deed Of Trust
related
$3,300,000 · American Express Cergificate
—
—
Vander Hoek Corp
—
Deed Of Trust
related
$1,100,000 · Standard Insurance Co
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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