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Property profile & analytics
FOR LEASE
Office buildings
11730 118Th Ave NE Kirkland, WA 98034
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1282195
For Lease
$24 SF/Yr
11730 118Th Ave NE, Kirkland, WA 98034
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,760 SF
Lot
1.7 ac (74,250 SF)
Zoning code
TL 10B
APN
282605-9070
UPID
US90-1282195
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
-
Vossler Media Group Media Distribution
-
Kirkland 118 Commerce Center Construction Company
-
Vossler Studios Film Production
-
Miller Paint Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.74M
CAP Approach
CAP
$13.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.88M
Owner & transaction history
Par 5 Kirkland 118 LLC · 6 yrs held
Par 5 Kirkland 118 LLC
since 2020
Last sale
$9.9M
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
Method
Estimation
Statistic approach
$9,965,000
ML approach
$9,735,000
CAP Approach
CAP Return
Estimation
6%
$14,530,000
6.5%
$13,415,000
7%
$12,455,000
Blend value · Realmo final
$9.88M
Range $8.89M – $10.86M · ±10% · vs last sale $9.90M (Jan 31 2020)
Last sale anchor
$9.90M
Jan 31 2020
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
$255 / 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
$97,357
Tax year 2022
Assessed value
$12,471,000
Assessed 2022
Previous assessed
$12,471,000
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$2,079,000
Assessed improvement
$10,392,000
Land market value
$2,079,000
Improvement market value
$10,392,000
Total market value
$12,471,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Total area
38,760 SF
Lot
1.7 ac (74,250 SF)
Zoning code
TL 10B
APN
282605-9070
UPID
US90-1282195
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10B · Kirkland, WA
Zoning 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
Kirkland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
Par 5 Kirkland 118 LLC
Entity
Mailing address
1450 114TH AVE SE STE #205, BELLEVUE, WA 98004-6934
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
—
Par 5 Kirkland 118 LLC
—
Deed
related
$50,000 · Boeing Employees Cu
May 18, 2021
—
Par 5 Kirkland 118 LLC
—
Deed
related
$1,000,000 · Umpqua Bank
Jan 31, 2020
—
Par 5 Kirkland 118 LLC
Par 5 Park 118 LLC
Intrafamily Transfer
related
—
Dec 10, 2018
—
Par 5 Park 118 LLC
—
Deed
related
$3,000,000 · Boeing Emps Cu
Mar 11, 2014
$9,900,000
Kirkland J & M LLC
Rreef America Reit II Corp Kk
Warranty Deed
$4,765,000 · Commerce Bk/wa
Dec 12, 2002
$9,668,000
Rreef America Reit II Corp Kk
Eop Operating LP
Grant Deed
—
Jan 16, 1997
$970,000
Properties LP Spieker
Catherine S Harrington Estate
Quit Claim Deed
related
—
—
—
Par 5 Park 118 LLC
—
Loan Modification
related
$3,000,000 · Boeing Emps Cu
—
—
Par 5 Park 118 LLC
—
Deed Of Trust
related
$2,000,000 · Boeing Emps Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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