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Property profile & analytics
OFF-MARKET
Estimated value
$15,340,000
Hotels
11215 124th St, Kirkland, WA 98034-4302
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0058835
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2005
Construction
CONCRETE
Total area
103,852 SF
Lot
2.07 ac (90,232 SF)
Zoning code
TL 10A
APN
292605-9041
UPID
US90-0058835
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
-
Rotary Club of Kirkland Nightclub Music Venue
-
Eco mountain Apartment Complex
-
11215 NE 124th Street Parking Parking Lot & Garage
-
Courtyard by Marriott Seattle Kirkland Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.34M
Owner & transaction history
Apple Seven Spe Kirkland INC · 13 yrs held
Apple Seven Spe Kirkland INC
since 2012
7 recorded transactions
Zoning & alternative use
TL 10A · 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%
$21,975,000
6.5%
$20,285,000
7%
$18,835,000
Blend value · Realmo final
$15.34M
Range $13.81M – $16.87M · ±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
$148 / 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
$246,922
Tax year 2022
Assessed value
$33,199,600
Assessed 2022
Previous assessed
$33,199,600
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$3,428,800
Assessed improvement
$29,770,800
Land market value
$3,428,800
Improvement market value
$29,770,800
Total market value
$33,199,600
Applied tax rate
1,806.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
FORCED AIR
Stories
4
Total area
103,852 SF
Lot
2.07 ac (90,232 SF)
Zoning code
TL 10A
APN
292605-9041
UPID
US90-0058835
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10A · Kirkland, WA
Zoning TL 10A · permitted uses
TL 10A · 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.
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
FORCED AIR
Stories
4
Lot
2.07 ac
Current owner
From public records · entity-resolved
Apple Seven Spe Kirkland INC
Entity
Mailing address
814 E MAIN ST, RICHMOND, VA 23219-3306
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2012
—
Apple Seven Spe Kirkland INC
Apple Seven Hospitality Owners
Quit Claim Deed
$12,500,000 · Key Bank & Trust
Oct 26, 2007
$25,758,500
Apple Seven Hospitality Owners
Touchstone Kirkland Hotel II L
Grant Deed
—
Oct 26, 2005
—
Touchstone Kirkland Hotel II
Touchstone Kirkdland Hotel LLC
Quit Claim Deed
$12,000,000 · Banner Bank
Jun 8, 2005
$70,388
Touchstone Kirkland Hotel LLC
Touchstone Bldg LLC
Grant Deed
related
—
Nov 15, 2001
$1,350,000
Touchstone Kirkland Hotel LLC
Evangelical Covenent Church
Grant Deed
$1,150,000 · Evangelical Covenent Church
Sep 25, 1997
$946,837
Touchstone Partners I LLC
North Pacific Conference Evang
Grant Deed
—
Apr 4, 1997
$492,220
North Pacific Conference
Kirkland Covenant Church
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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