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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Individual retail properties
11450 98th NE Ave Kirkland, WA 98033-4325
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1762040
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,357 SF
Lot
1.38 ac (59,958 SF)
Zoning code
JBD 2
APN
179150-0015
UPID
US90-1762040
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
-
Columbia Athletic Clubs Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$625k
Owner & transaction history
Oskoui LP · 13 yrs held
Oskoui LP
since 2012
7 recorded transactions
Zoning & alternative use
JBD 2 · 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
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$18 / 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
$42,976
Tax year 2022
Assessed value
$5,157,300
Assessed 2022
Previous assessed
$5,157,300
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$2,638,100
Assessed improvement
$2,519,200
Land market value
$2,638,100
Improvement market value
$2,519,200
Total market value
$5,157,300
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
35,357 SF
Lot
1.38 ac (59,958 SF)
Zoning code
JBD 2
APN
179150-0015
UPID
US90-1762040
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
JBD 2 · Kirkland, WAZoning JBD 2 · permitted uses
JBD 2 · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Oskoui LP
Entity
Mailing address
11400 98TH AVE NE STE #300, KIRKLAND, WA 98033-4306
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
—
Oskoui Family Limited Partnership
—
Deed
related
$1,000,000 · Banner Bank
Aug 13, 2012
—
Oskoui LP
Oskoui,h Cyrus & Feryal
Quit Claim Deed
—
Sep 12, 2007
—
Oskoui Family
—
Trustees Deed
related
$1,400,000 · Bank Of Bellevue
Jul 28, 2006
—
Eugene A Smith
Jensen Ronald O & B S
Quit Claim Deed
related
—
Jun 28, 1996
—
Oskoui Family LP
—
Deed Of Trust
related
$1,800,000 · Seafirst Bank
—
—
Oskoui Family LP
—
Deed Of Trust
related
$750,000 · Parvin Family Trust (pt)
—
—
Oskoui Family
—
Deed Of Trust
related
$300,000 · Parvin Family Trust (pt)
—
—
H Cyrus Oskoui
—
Deed Of Trust
related
$100,000 · Parvin Family Trust (pt)
—
—
Oskoui Family
—
Deed Of Trust
related
$50,000 · Parvin Family Trust (pt)
—
—
H Cyrus Oskovi
—
Deed Of Trust
related
$350,000 · Parvin Family Trust (pt)
—
—
Oskoui Family LP
—
Deed Of Trust
related
$5,442,000 · American West Bank
—
—
Oskoui
—
Deed Of Trust
related
$3,350,000 · General Electric Capital Corp
—
—
Oskoui Family
—
Deed Of Trust
related
$250,000 · Bank Of Bellevue
—
—
Oskoui Family LP
—
Deed Of Trust
related
$300,000 · Parvin Family Trust (pt)
—
—
Oskovi Family
—
Deed Of Trust
related
$200,000 · Parvin Family Trust (pt)
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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