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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Automotive properties
11803 116th St Kirkland, WA 98034-7105
Entity Owned
19-yr Hold
Free & Clear
Property ID
US90-0876666
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,200 SF
Lot
1.98 ac (86,365 SF)
Zoning code
TL 10C
APN
332605-9010
UPID
US90-0876666
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
-
Eastside Subaru Parts Department Auto Parts Store
-
Eastside Subaru Service Department Auto Repair Shop
-
Gee Automotive Auto Repair Shop
-
Eastside Subaru Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$805k
Owner & transaction history
Associates 116 · 19 yrs held
Associates 116
since 2007
7 recorded transactions
Zoning & alternative use
TL 10C · 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
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$26 / 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
$41,517
Tax year 2022
Assessed value
$4,546,000
Assessed 2022
Previous assessed
$4,546,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,590,900
Assessed improvement
$1,955,100
Land market value
$2,590,900
Improvement market value
$1,955,100
Total market value
$4,546,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
31,200 SF
Lot
1.98 ac (86,365 SF)
Zoning code
TL 10C
APN
332605-9010
UPID
US90-0876666
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10C · Kirkland, WA
Zoning TL 10C · permitted uses
TL 10C · 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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Associates 116
Entity
Free & Clear · 19 yrs held
Mailing address
18827 BOTHELL WAY NE STE #110, BOTHELL, WA 98011-1940
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2007
—
Associates 116
Associates 116 LLC
Quit Claim Deed
related
—
Feb 13, 2007
—
Associates 116
Meisenbach,john W & Virginia L
Quit Claim Deed
related
—
Jan 17, 2007
—
Parmac LLC
Meisenbach,john W & Virginia L
Quit Claim Deed
related
—
Jan 11, 2007
—
Associates 116 LLC
Parmac LLC
Quit Claim Deed
related
—
Jan 9, 2007
—
Associates 116 LLC
Meisenbach,john W & Virginia L
Quit Claim Deed
related
—
Aug 24, 2006
—
State Of Wa/dept/transportation
Associates 116
Warranty Deed
—
Apr 4, 2003
—
Associates 116
Meisenbach,john W & Virginia L
Quit Claim Deed
related
—
Jan 31, 2003
—
Parmac LLC
Meisenbach,john W
Grant Deed
related
—
Apr 30, 1992
—
Beta Holdings Ltd Partnersh
Brunhaver,lewis
Quit Claim Deed
related
—
—
—
John W Meisenback
—
Deed Of Trust
related
$732,113 · 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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