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Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Turn key restaurants
11431 124th St Kirkland, WA 98034-4306
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0088611
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Construction
WOOD
Total area
7,312 SF
Lot
0.38 ac (16,670 SF)
Zoning code
TL 10A
APN
292605-9136
UPID
US90-0088611
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
-
Azteca Mexican Restaurants Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$2.91M
Owner & transaction history
Jaime Ramos · 3 yrs held
Jaime Ramos
since 2023
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
TL 10A · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+3.9%
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
$2,765,000
ML approach
$2,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,880,000
Current use
OFFICE BUILDING
$4,030,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,725,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,355,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±10% · vs last sale $2.90M (Feb 21 2023)
Last sale anchor
$2.90M
Feb 21 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
$397 / 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
$22,335
Tax year 2022
Assessed value
$2,839,100
Assessed 2022
Previous assessed
$2,839,100
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$633,400
Assessed improvement
$2,205,700
Land market value
$633,400
Improvement market value
$2,205,700
Total market value
$2,839,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,312 SF
Lot
0.38 ac (16,670 SF)
Zoning code
TL 10A
APN
292605-9136
UPID
US90-0088611
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RESTAURANT Current
OFFICE BUILDING
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Jaime Ramos
Individual
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
Jaime Ramos
Ramos Properties LLC
Intrafamily Transfer
related
—
Mar 16, 2018
—
Ramos Properties LLC
—
Deed
related
$1,705,988 · Bank Of America NA
Sep 27, 2007
$2,900,000
Ramos Properties LLC
G & I IV Kirkland LLC
Grant Deed
$2,320,000 · Bank Of America
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
—
Mar 6, 1989
—
Henning,peter
Fugitt,douglas N
Grant Deed
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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