Individually Owned Property summary
AI-generated overview
This exceptional retail space, located at 11306 NE 124th St in Kirkland, Washington, presents a unique leasing opportunity. The property, situated in King County (zip code 98034), offers a total of 5,390 square feet, currently entirely vacant and available for lease. Previously occupied by a GNC store, this inline retail space is ideal for a variety of businesses seeking high visibility and convenient access. The building's size allows for significant flexibility in layout and design, catering to diverse operational needs. The property's location in Kirkland offers excellent access to major transportation routes and a thriving local community. With a total of 5,390 square feet of vacant space, this property is ready for immediate occupancy. The space is categorized as a single, multi-tenant retail unit. This presents a rare chance to establish a prominent presence in a desirable Kirkland location. The property is ready for immediate occupancy and offers a blank canvas for a new business to thrive. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Construction
WOOD
Total area
27,349 SF
Lot
0.82 ac (35,700 SF)
Zoning code
TL 6B
APN
292605-9149
UPID
US90-0952118
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.24M
Blend (final)
Blend
$5.32M
Owner & transaction history
since 2003
1 recorded transaction
Zoning & alternative use
TL 6B · Kirkland, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.32M
Value range
$4.79M – $5.85M
±10% around blend
Estimated value / SF
$195 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
$4.79M
blend $5.32M
$5.85M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
27,349 SF
Lot area
0.82 ac
Year built
1989
Stories
2
APN
292605-9149
Zoning
TL 6B
Assessed value
$6,534,900
Annual tax
$51,494
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$9.24M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.9 mi away · 19,446 SF
10.9 mi away · 30,855 SF
11.2 mi away · 20,930 SF
11.7 mi away · 24,305 SF
19.3 mi away · 25,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 375 sales
$287
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $195/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.53M
Move the market yield to see immediate price impact.
Value / SF
$239
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$412k
$8.23M
$5.88M
$4.57M
$457k
$9.15M
$6.53M
$5.08M
$503k
$10.06M
$7.19M
$5.59M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$8.85M
1.0 mi · Oct 2025 · $357/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$51,494
Tax year 2022
Assessed value
$6,534,900
Assessed 2022
Previous assessed
$6,534,900
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,320,900
Assessed improvement
$5,214,000
Land market value
$1,320,900
Improvement market value
$5,214,000
Total market value
$6,534,900
Applied tax rate
1,806.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
27,349 SF
Lot
0.82 ac (35,700 SF)
Zoning code
TL 6B
APN
292605-9149
UPID
US90-0952118
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 6B · Kirkland, WAZoning TL 6B · permitted uses
TL 6B · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.82 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TL 6B
Jurisdiction
Kirkland, WA
Recorded code
TL 6B
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TL 6B in Kirkland, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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