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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Assisted living facilities
11729 118th St Kirkland, WA 98034-7101
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1311199
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
106,182 SF
Lot
3.59 ac (156,455 SF)
Zoning code
TL 10B
APN
282605-9018
UPID
US90-1311199
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
-
MorningStar Senior Living of Kirkland Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Kirkland Senior Owner LLC · 5 yrs held
Kirkland Senior Owner LLC
since 2020
7 recorded transactions
Zoning & alternative use
TL 10B · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$310,398
Tax year 2022
Assessed value
$40,790,000
Assessed 2022
Previous assessed
$40,790,000
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$4,380,700
Assessed improvement
$36,409,300
Land market value
$4,380,700
Improvement market value
$36,409,300
Total market value
$40,790,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
5
Units
153
Total area
106,182 SF
Lot
3.59 ac (156,455 SF)
Zoning code
TL 10B
APN
282605-9018
UPID
US90-1311199
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10B · Kirkland, WAZoning TL 10B · permitted uses
TL 10B · 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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
5
Buildings
2
Units
153
Lot
3.59 ac
Current owner
From public records · entity-resolved
Kirkland Senior Owner LLC
Entity
Mailing address
7555 E HAMPDEN AVE NE STE #501, DENVER, CO 80231-4836
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Kirkland Senior Owner LLC
—
Deed
related
$40,000,000 · Wells Fargo Bank NA
Dec 7, 2020
$1,039,312
Kirkland Senior Owner LLC
Kirkland I Project LLC
Grant Deed
—
Dec 24, 2019
$26,840,033
Kirkland 1 Project LLC
Kirkland SR Dev Co LLC
Grant Deed
—
Oct 5, 2018
$500
Kirkland SR Dev Co LLC
Kirkland Apartments Dev Co LLC
Grant Deed
—
Aug 20, 2018
—
City Of Kirkland
Kirkland Apartments Dev Co LLC
Quit Claim Deed
related
—
Jul 27, 2018
—
Par 5 Park 118 LLC
Kirkland Apartments Dev Co LLC
Grant Deed
—
May 30, 2017
$23,500,000
Kirkland Apartments Dev Co LLC
Lifebridge Church
Grant Deed
—
Nov 15, 2016
—
Lifebridge Church
—
Deed
related
$7,500,000 · Kirkland Apartments Dev Co LLC
Sep 8, 2016
—
Wolff Ents II LLC
Lifebridge Church
Grant Deed
related
$500,000 · Wolff Ents II LLC
Nov 20, 2006
—
State Of Washington
Christ Church Of Kirkland
Warranty Deed
—
Mar 15, 1996
$3,500,000
Christ Church Of Kirkland
Butler Manufacturing Co
Grant Deed
$2,785,000 · National City Bank Minneapolis
—
—
Lifebridge Church
—
Deed Of Trust
related
$500,000 · Wolff Ents II LLC
—
—
Lifebridge Church
—
Loan Modification
related
$7,500,000 · Kirkland Apartments Dev Co LLC
—
—
Church Kirkland Christ
—
Deed Of Trust
related
$200,000 · Bank Of America
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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