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Property profile & analytics
OFF-MARKET
Drive through restaurants
11747 124th NE Ave, Kirkland, WA 98034-8108
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0743182
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1986
Construction
WOOD
Total area
2,050 SF
Lot
0.66 ac (28,631 SF)
Zoning code
TL 5
APN
282605-9021
UPID
US90-0743182
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
-
Aceituno’s Mexican Food Kirkland Restaurant
-
KFC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Kirkland · 4 yrs held
City Of Kirkland
since 2022
7 recorded transactions
Zoning & alternative use
TL 5 · 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
—
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
$14,789
Tax year 2022
Assessed value
$1,640,000
Assessed 2022
Previous assessed
$1,640,000
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,000,200
Assessed improvement
$639,800
Land market value
$1,000,200
Improvement market value
$639,800
Total market value
$1,640,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,050 SF
Lot
0.66 ac (28,631 SF)
Zoning code
TL 5
APN
282605-9021
UPID
US90-0743182
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 5 · Kirkland, WA
Zoning TL 5 · permitted uses
TL 5 · 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
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
City Of Kirkland
Entity
Free & Clear · 4 yrs held
Mailing address
123 5TH AVE, KIRKLAND, WA 98033-6121
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2026
—
Wwx Limited LLC
—
Deed
related
$7,850,000 · East West Bank
Jun 6, 2022
—
City Of Kirkland
Wwx Limited LLC
Warranty Deed
—
Feb 12, 2018
$3,375,000
Wwx Ltd LLC
Northwest Restaurants INC
Warranty Deed
—
Oct 31, 2012
—
Northwest Restaurants INC
—
Deed Of Trust
related
$62,000,000 · Bank Of America
Jul 31, 2007
—
Northwest Restaurants INC
—
Deed Of Trust
related
$70,000,000 · Bank Of America
Sep 22, 1998
$529,000
South Sound Restaurant INC
Kentucky Fried Chicken Of Cali
Grant Deed
$27,923,754 · Citicorp Leasing INC
May 17, 1991
—
Kentucky,fried Chicken/ca
Collins Foods In
Grant Deed
related
—
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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