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Property profile & analytics
OFF-MARKET
Estimated value
$2,835,000
Office buildings
11417 124th NE Ave Kirkland, WA 98033-4677
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0541908
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
WOOD
Total area
5,825 SF
Lot
0.46 ac (20,228 SF)
Zoning code
NRH 3
APN
332605-9076
UPID
US90-0541908
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
-
Subconscious Wisdom Alternative Medicine Practice
-
Martinez Robert DC Alternative Medicine Practice
-
Myo-Logic Diagnostics Inc Alternative Medicine Practice
-
Naturopathic Muscle and Joint Clinic Alternative Medicine Practice
-
Aaron Glade Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.84M
Owner & transaction history
Musang LLC · 2 yrs held
Musang LLC
since 2023
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
NRH 3 · 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
$2,785,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
$2,185,000
6.5%
$2,015,000
7%
$1,870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,240,000
Current use
RESTAURANT
$3,090,000
Change: -5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,970,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,675,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10% · vs last sale $3.00M (Nov 13 2023)
Last sale anchor
$3.00M
Nov 13 2023
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
$487 / 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
$13,969
Tax year 2022
Assessed value
$1,676,800
Assessed 2022
Previous assessed
$1,676,800
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$606,800
Assessed improvement
$1,070,000
Land market value
$606,800
Improvement market value
$1,070,000
Total market value
$1,676,800
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
Off-Market
Year built
1987
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
5,825 SF
Lot
0.46 ac (20,228 SF)
Zoning code
NRH 3
APN
332605-9076
UPID
US90-0541908
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NRH 3 · Kirkland, WA
Zoning NRH 3 · permitted uses
NRH 3 · 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
OFFICE BUILDING Current
Est. value
$3.2M
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1987
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Musang LLC
Entity
Mailing address
14118 168TH AVE NE, WOODINVILLE, WA 98072-9081
Ownership since
2023
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
Nov 13, 2023
$3,000,000
Musang LLC
Suzanne E Cohen
Special Warranty Deed
$2,250,000 · First Citizens Bank & Trust Co
Mar 30, 1998
$954,000
Keith R Oliver
Larson Trust
Grant Deed
$495,000 · Us Bank
Apr 1, 1994
$790,000
Vincent O Larson
Leiter,ronald D
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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