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Property profile & analytics
FOR LEASE
Office buildings
11255 Kirkland Way Kirkland, WA 98033
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0735013
For Lease
$11,580,000
11255 Kirkland Way, Kirkland, WA 98033
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
66,300 SF
Lot
2.68 ac (116,576 SF)
Zoning code
PO
APN
123510-0100
UPID
US90-0735013
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
-
National Reverse Mortgage Lenders Association Loan Service Bank
-
Hubbell Cheryl Loan Service Bank
-
Fisher Jennifer Loan Service
-
The Dellario Team - Movement Mortgage Loan Service Bank
-
Chris Babcock - Caliber Home Loans #2020643 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.58M
Owner & transaction history
Wcm 128-302 LLC · 12 yrs held
Wcm 128-302 LLC
since 2014
3 recorded transactions
Zoning & alternative use
PO · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$175 / 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
$99,610
Tax year 2022
Assessed value
$12,746,800
Assessed 2022
Previous assessed
$12,746,800
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$9,326,000
Assessed improvement
$3,420,800
Land market value
$9,326,000
Improvement market value
$3,420,800
Total market value
$12,746,800
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
For Lease
Year built
1986
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
66,300 SF
Lot
2.68 ac (116,576 SF)
Zoning code
PO
APN
123510-0100
UPID
US90-0735013
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PO · Kirkland, WA
Zoning PO · permitted uses
PO · 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
1986
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
3
Lot
2.68 ac
Current owner
From public records · entity-resolved
Wcm 128-302 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1015 3RD AVE STE #900, SEATTLE, WA 98104-1155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2014
—
Wcm 128-302 LLC
Locals 302 & 612 Intl Union/o
Grant Deed
related
—
Oct 1, 1998
—
Wcm 128-302 LLC
Seafirst Bank
Grant Deed
related
—
—
—
Norman M Lindjord
—
Deed Of Trust
related
$239,500 · Evergreenbank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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