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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Office buildings
11211 Slater NE Ave Kirkland, WA 98033-8836
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0743930
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,964 SF
Lot
0.78 ac (34,025 SF)
Zoning code
NRH 2
APN
332605-9087
UPID
US90-0743930
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
-
Adams Heating & Air Conditioning HVAC Service General Contractor
-
The Preserve at Tumwater Place Park
-
Renton Springtree Condominiums Condominium Complex
-
Oxford Park HOA Condominium Complex
-
Kingsgate Firs Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
Tottini Properties LLC · 8 yrs held
Tottini Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
NRH 2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,860,000
6.5%
$4,485,000
7%
$4,165,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,950,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±10%
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
$276 / 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
$43,022
Tax year 2022
Assessed value
$5,509,700
Assessed 2022
Previous assessed
$5,509,700
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,020,700
Assessed improvement
$4,489,000
Land market value
$1,020,700
Improvement market value
$4,489,000
Total market value
$5,509,700
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
12,964 SF
Lot
0.78 ac (34,025 SF)
Zoning code
NRH 2
APN
332605-9087
UPID
US90-0743930
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NRH 2 · Kirkland, WA
Zoning NRH 2 · permitted uses
NRH 2 · 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
AUTO REPAIR, GARAGE
Est. value
$6.0M
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
Tottini Properties LLC
Entity
Mailing address
2253 140TH AVE NE, BELLEVUE, WA 98005-1819
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
—
Tottini Properties LLC
—
Deed
related
$5,150,000 · Mountain Pacific Bank
Jul 3, 2018
$5,012,500
Tottini Properties LLC
405 Associates LLC
Warranty Deed
$3,286,955 · Mountain Pacific Bank
May 23, 2018
—
405 Associates LLC
405 Associates LLC
Quit Claim Deed
related
—
Jan 2, 1998
$352,500
405 Associates LLC
Di Re,dan & Sheralyn
Grant Deed
$245,000 · Centennial Bank
May 25, 1995
—
Dan Di Re
Spectrum One INC
Quit Claim Deed
related
—
Aug 5, 1991
—
Spectrum One INC
Re,dan Di&re,she
Quit Claim Deed
related
—
—
—
405 Associates LLC
—
Deed Of Trust
related
$2,000,000 · Northwest Business Bank
—
—
405 Associates LLC
—
Deed Of Trust
related
$1,600,000 · First Mutual Savings Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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