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Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Retail space
11607 98th NE Ave Kirkland, WA 98034-4216
Entity Owned
23-yr Hold
Free & Clear
Property ID
US90-2110306
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,392 SF
Lot
1.27 ac (55,282 SF)
Zoning code
JBD 1
APN
302605-9062
UPID
US90-2110306
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.13M
Owner & transaction history
Baldridge Juanita II LLC · 23 yrs held
Baldridge Juanita II LLC
since 2002
7 recorded transactions
Zoning & alternative use
JBD 1 · 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%
$4,290,000
6.5%
$3,960,000
7%
$3,680,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,990,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.13M
Range $2.81M – $3.44M · ±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
$217 / 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
$45,255
Tax year 2022
Assessed value
$6,067,200
Assessed 2022
Previous assessed
$6,067,200
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$3,427,400
Assessed improvement
$2,639,800
Land market value
$3,427,400
Improvement market value
$2,639,800
Total market value
$6,067,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,392 SF
Lot
1.27 ac (55,282 SF)
Zoning code
JBD 1
APN
302605-9062
UPID
US90-2110306
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
JBD 1 · Kirkland, WA
Zoning JBD 1 · permitted uses
JBD 1 · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Baldridge Juanita II LLC
Entity
Free & Clear · 23 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2002
—
Baldridge Juanita II LLC
Baldridge Juanita II LLC
Quit Claim Deed
related
—
Feb 27, 2001
—
Baldridge-juanita LLC
—
Deed Of Trust
related
$1,000,000 · Missouri State Bank & Trust Co
Jan 18, 2001
$337,500
Baldridge Juanita LLC
Transpacific Corp
Trustees Deed
—
Jan 18, 2001
$6,929,478
Juanita Village LLC
Transpacific Corp
Trustees Deed
—
Jan 18, 2001
—
Juanita Village LLC
Transpacific Corp
Deed Of Trust
related
$1,500,000 · General Bank
Dec 24, 1996
—
Transpacific Corp
Woo,anita T
Quit Claim Deed
related
—
Aug 3, 1994
$1,650,000
Transpacific Corp
J W Wheeler Esta
Grant Deed
$7,550,000 · Associated Grocers I
—
—
Baldridge-juanita II LLC
—
Deed Of Trust
related
$675,000 · Missouri State Bank & Trust Co
—
—
Baldridge-juanita LLC
—
Deed Of Trust
related
$3,750,000 · Missouri State Bank & Trust Co
—
—
Baldridge-juanita LLC
—
Deed Of Trust
related
$4,000,000 · National Life Insurance
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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