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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Manufacturing properties
11447 120th NE Ave, Kirkland, WA 98033-4539
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0443156
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1964
Construction
WOOD
Total area
12,642 SF
Lot
0.91 ac (39,796 SF)
Zoning code
TL 10E
APN
332605-9085
UPID
US90-0443156
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
-
Bucket List Design Build Construction Company
-
Maldonado's Auto Body Repair Auto Repair Shop
-
Kirkland Landscapes (formerly Kirkland Land Care) Landscaping General Contractor
-
CFM Heating & Cooling Inc HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
State Of Washington · 19 yrs held
State Of Washington
since 2006
7 recorded transactions
Zoning & alternative use
TL 10E · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,120,000
6.5%
$1,955,000
7%
$1,815,000
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$129 / 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
$17,218
Tax year 2022
Assessed value
$1,800,700
Assessed 2022
Previous assessed
$1,800,700
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,193,800
Assessed improvement
$606,900
Land market value
$1,193,800
Improvement market value
$606,900
Total market value
$1,800,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
12,642 SF
Lot
0.91 ac (39,796 SF)
Zoning code
TL 10E
APN
332605-9085
UPID
US90-0443156
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10E · Kirkland, WA
Zoning TL 10E · permitted uses
TL 10E · 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
1964
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
12001 NE 12TH ST STE #44, BELLEVUE, WA 98005-2418
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2006
—
State Of Washington
Hoek Elsje Credit Trust
Warranty Deed
—
Nov 18, 1999
—
Hoek Trust
Elsje Hoek Estate
Quit Claim Deed
related
—
Feb 20, 1997
$900,000
Cornelis Hoek
Coleman,john H & Judith A
Grant Deed
$600,000 · Seller
Apr 12, 1994
$5,000
Kirkland City
Coleman,john H
Grant Deed
—
—
—
Hoek Elsje Trust
—
Deed Of Trust
related
$430,000 · Us Bank NA
—
—
Hoek,tr
—
Deed Of Trust
related
$249,950 · Redmond National Bank
—
—
Hoek,tr
—
Deed Of Trust
related
$190,000 · Redmond National Bank
—
—
Cornelis Hoek
—
Deed Of Trust
related
$50,000 · Issaquah Bank
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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