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Property profile & analytics
OFF-MARKET
Estimated value
$14,140,000
Office buildings
11411 124th St Kirkland, WA 98034-4314
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-3321452
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE
Total area
62,016 SF
Lot
2.72 ac (118,330 SF)
Zoning code
TL 10A
APN
292605-9125
UPID
US90-3321452
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
-
Alison Wilhelm - Windermere Real Estate Real Estate Agency
-
Bryan Loveless & Associates - Windermere Real Estate/Northeast Real Estate Agency
-
Brian Harwood, Windermere Real Estate Real Estate Agency
-
SoftResources (Bike/Boat/Book/etc) Store Corporate Office
-
Dynamic Systems, Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.14M
Owner & transaction history
Kof Enterprises LLC · 8 yrs held
Kof Enterprises LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$228 / 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
$127,595
Tax year 2022
Assessed value
$15,910,000
Assessed 2022
Previous assessed
$15,910,000
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$4,496,500
Assessed improvement
$11,413,500
Land market value
$4,496,500
Improvement market value
$11,413,500
Total market value
$15,910,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
62,016 SF
Lot
2.72 ac (118,330 SF)
Zoning code
TL 10A
APN
292605-9125
UPID
US90-3321452
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
1985
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
2.72 ac
Current owner
From public records · entity-resolved
Kof Enterprises LLC
Entity
Mailing address
550 KIRKLAND WAY STE 100B, KIRKLAND, WA 98033-6268
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
—
Kof Associates LLC
—
Deed
related
$5,500,000 · Key Bank NA
Mar 12, 2018
$14,799,500
Kof Enterprises LLC
Claddagh Ventures LLC
Bargain And Sale Deed
$6,000,000 · Jpmorgan Chase Bank NA
Dec 17, 2015
$11,200,000
Claddagh Ventures LLC
Gjr Reih LLC
Bargain And Sale Deed
$7,690,000 · Opus Bank
Nov 2, 2012
$13,849,900
Gjr Reih LLC
G & I IV Kirkland LLC
Grant Deed
—
May 24, 2006
$34,848,500
G & I IV Kirkland LLC
Newtower Trust Co Multi-employ
Grant Deed
$27,000,000 · Lasalle National Bank
Nov 21, 1997
$6,758,000
Riggs & Co
Henning,peter & Helen S
Grant Deed
—
—
—
Larry F Watson
—
Deed Of Trust
related
$50,000 · Evergreenbank
—
—
G & I IV Kirkland LLC
—
Deed Of Trust
related
$27,000,000 · Lasalle National Bank
—
—
G & I IV Kirkland LLC
—
Deed Of Trust
related
—
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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