Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

116 Central Way Kirkland, WA 98033

FOR LEASE
Retail space
Property ID
US90-1302122
9,250 SF 0.21 ac lot Built 1922
Last sale Sep 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This commercial property includes approximately 2,225 square feet of office space and is configured with five private suites, a conference room, and an additional work room. The interior features two bathrooms, a kitchenette, a break room, and a mother’s room. The space is located about one block from the Kirkland waterfront and Marina Park and provides convenient access to I-405 and SR 520.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$31k
Tax billed · 2022
Assessed value$4.10M
Assessed land$1.64M
Assessed improvement$2.46M
Effective rate0.76%

Value estimate

· Oct 2026
$1.94M
$1.74M – $2.13M
CAP approach$2.55M
NOI build-up
Gross scheduled income$59k
Vacancy & credit loss−$2k
Operating expenses−$17k
NOI · 88,448.89% cap applied$40k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
County average, outlier-cleaned · 399 recorded sales of this use type
Observed band · Q1–Q3$181 – $680
Qualifying comparables6

Cap rate analysis

How does the asset earn?
88,448.89%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD 8
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.8
Tailor Shop9.0
Pawn Shop8.3

Location

116 Central Way Kirkland, WA 98033
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6615 132nd NE, Kirkland, WA 98033-8627 $2,750,000 Jan 2024 5,000 SF
215 Lk S, Kirkland, WA 98033-6417 $10,500,000 Mar 2023 8,988 SF
8425 122nd NE, Kirkland, WA 98033-8059 $6,760,000 Aug 2021 14,246 SF
123 Lk S, Kirkland, WA 98033-6401 $9,600,000 Jul 2021 9,402 SF
129 Lk S, Kirkland, WA 98033-6419 $9,600,000 Jul 2021 7,548 SF
132 Central, Kirkland, WA 98033-6106 $3,600,000 Oct 2020 6,841 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again