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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Retail space
11410 124th St Kirkland, WA 98034-4399
Entity Owned
19-yr Hold
Free & Clear
Property ID
US90-1589769
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,120 SF
Lot
1.8 ac (78,311 SF)
Zoning code
TL 6B
APN
292605-9034
UPID
US90-1589769
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
-
Intelistep Tech Support Center (Bike/Boat/Book/etc) Store
-
R W Plumbing Plumbing Service General Contractor
-
The UPS Store Courier Service Postal Service
-
Coupilia (Bike/Boat/Book/etc) Store Corporate Office
-
WMHCA Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
Totem Lake West LLC · 19 yrs held
Totem Lake West LLC
since 2007
5 recorded transactions
Zoning & alternative use
TL 6B · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.0M
+0.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,510,000
6.5%
$4,160,000
7%
$3,865,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,930,000
Current use
MEDICAL BUILDING
$5,970,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,765,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,240,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±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
$266 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$83,787
Tax year 2024
Assessed value
$8,500,000
Assessed 2023
Previous assessed
$8,500,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,819,100
Assessed improvement
$5,680,900
Land market value
$2,819,100
Improvement market value
$5,680,900
Total market value
$8,500,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
REFRIGERATOR
Buildings
2
Stories
2
Total area
15,120 SF
Lot
1.8 ac (78,311 SF)
Zoning code
TL 6B
APN
292605-9034
UPID
US90-1589769
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 6B · Kirkland, WA
Zoning TL 6B · permitted uses
TL 6B · 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
RETAIL STORES Current
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
RETAIL STORES Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Totem Lake West LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 40598, BELLEVUE, WA 98015-4598
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2007
—
Totem Lake West LLC
Rodgers,s Michael & Marcia A
Quit Claim Deed
related
—
—
—
Pilar M Williams
—
Deed Of Trust
related
$69,300 · Sierra Western Mortgage
—
—
Pilar M William
—
Deed Of Trust
related
$56,800 · Emerald Mortgage Co
—
—
Locke L Gail
—
Deed Of Trust
related
$23,000 · Key Bank NA
—
—
Lorraine J Brackett
—
Deed Of Trust
related
$46,000 · Ica Mortgage Corp
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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