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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Retail space
11620 97th NE Ln Kirkland, WA 98034-4269
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1591385
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
STEEL FRAME
Total area
12,069 SF
Lot
0.86 ac (37,612 SF)
Zoning code
JBD 1
APN
375790-0055
UPID
US90-1591385
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
-
ATI Physical Therapy Medical Clinic
-
Hand and Stone Massage and Facial Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.92M
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
Levine & Company LLC · 4 yrs held
Levine & Company LLC
since 2022
Last sale
$2.5M
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
$1,960,000
ML approach
$1,915,000
CAP Approach
CAP Return
Estimation
6%
$3,600,000
6.5%
$3,320,000
7%
$3,085,000
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.53M (Mar 16 2022)
Last sale anchor
$2.53M
Mar 16 2022
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
$203 / 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
$44,882
Tax year 2022
Assessed value
$5,582,300
Assessed 2022
Previous assessed
$5,582,300
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$2,331,900
Assessed improvement
$3,250,400
Land market value
$2,331,900
Improvement market value
$3,250,400
Total market value
$5,582,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
12,069 SF
Lot
0.86 ac (37,612 SF)
Zoning code
JBD 1
APN
375790-0055
UPID
US90-1591385
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.
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Levine & Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1922, BOZEMAN, MT 59771-1922
Ownership since
2022
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
Mar 16, 2022
$2,528,786
Levine & Company LLC
Sisel Properties LLC
Warranty Deed
—
Oct 6, 2021
—
Sisel Properties LLC
Madison Investments LLC
Quit Claim Deed
related
—
May 27, 2005
$5,270,533
Madison Investments LLC
Rjp Properties LLC
Warranty Deed
$3,200,000 · Ge Group Life Assurance Co
Mar 4, 2004
$1,300,000
Rjp Properties LLC
Baldridge Juanita II LLC
Grant Deed
$3,000,000 · Evertrust Bank
Dec 24, 1996
—
Transpacific Corp
Woo,anita T
Quit Claim Deed
related
—
Jun 8, 1992
$290,000
Transpacific Commerce Corp
Nonaka,hirotaka
Grant Deed
—
—
—
Madison Investment LLC
—
Deed Of Trust
related
$2,600,000 · Miscellaneous Ins Co
—
—
Baldridge-juanita II LLC
—
Deed Of Trust
related
$675,000 · Missouri State Bank & Trust Co
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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