Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
11800 Northeast 128Th St Kirkland, WA 98034
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-2490006
For Lease
1 / 4
$17,975,000
11800 Northeast 128Th St, Kirkland, WA 98034
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
99,694 SF
Lot
1.19 ac (51,936 SF)
Zoning code
TL 1A
APN
282605-9170
UPID
US90-2490006
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
-
Kim R. Pittenger, MD Pediatrician Physician
-
Yagi Teresa K DDS Dental Office
-
Evergreen Dental Group Dental Office
-
Lake Washington Endodontics Dental Office
-
Kirkland Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.98M
Owner & transaction history
Hsre Evergreen Plaza LLC · 9 yrs held
Hsre Evergreen Plaza LLC
since 2016
5 recorded transactions
Zoning & alternative use
TL 1A · 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%
$22,020,000
6.5%
$20,325,000
7%
$18,875,000
Blend value · Realmo final
$17.98M
Range $16.18M – $19.77M · ±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
$180 / 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
$333,770
Tax year 2022
Assessed value
$44,485,000
Assessed 2022
Previous assessed
$44,485,000
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,921,600
Assessed improvement
$42,563,400
Land market value
$1,921,600
Improvement market value
$42,563,400
Total market value
$44,485,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2005
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
2
Stories
5
Total area
99,694 SF
Lot
1.19 ac (51,936 SF)
Zoning code
TL 1A
APN
282605-9170
UPID
US90-2490006
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 1A · Kirkland, WA
Zoning TL 1A · permitted uses
TL 1A · 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
2005
Construction
STEEL FRAME
Heating
CENTRAL
Stories
5
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Hsre Evergreen Plaza LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2016
$51,438,000
Hsre Evergreen Plaza LLC
Evergreen Plaza Invs LLC
Grant Deed
—
Apr 6, 2005
$65,000
Central Puget Sound Regional T
Evergreen Plaza Invs LLC
Quit Claim Deed
related
—
Sep 30, 2004
—
Evergreen Plaza Invs LLC
Lynn Elizabeth A Trust
Quit Claim Deed
related
—
—
—
Evergreen Plaza Invs LLC
—
Deed Of Trust
related
$17,500,000 · Prudential Insurance Co
—
—
Thomas Stephens
—
Deed Of Trust
related
$4,000,000 · Us Bank Of Washington
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
