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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Day care centers
11828 Slater NE Ave, Kirkland, WA 98034-4176
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1140806
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1981
Construction
WOOD
Total area
6,016 SF
Lot
0.78 ac (33,977 SF)
Zoning code
NRH 6
APN
282605-9026
UPID
US90-1140806
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
-
Critter Doctor Animal Hospital Veterinary Clinic
-
Little Hearts Academy High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$2.89M
Owner & transaction history
Alba Portfolio LLC · 5 yrs held
Alba Portfolio LLC
since 2020
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
NRH 6 · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+28.1%
Restaurant
$3.2M
+23.3%
Commercial (general)
$3.1M
+18.5%
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
$2,965,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$2,590,000
Current use
OFFICE BUILDING
$3,315,000
Change: +28% · Conversion: Difficult
RESTAURANT
$3,190,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,065,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,760,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$2,375,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$2,360,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,295,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±10% · vs last sale $2.60M (Sep 15 2020)
Last sale anchor
$2.60M
Sep 15 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
$480 / 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
$21,507
Tax year 2022
Assessed value
$2,496,600
Assessed 2022
Previous assessed
$2,496,600
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,019,300
Assessed improvement
$1,477,300
Land market value
$1,019,300
Improvement market value
$1,477,300
Total market value
$2,496,600
Applied tax rate
1,743.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
6,016 SF
Lot
0.78 ac (33,977 SF)
Zoning code
NRH 6
APN
282605-9026
UPID
US90-1140806
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NRH 6 · Kirkland, WA
Zoning NRH 6 · permitted uses
NRH 6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Alba Portfolio LLC
Entity
Mailing address
11182 SLATER AVE NE #150, KIRKLAND, WA 98033-8842
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Alba Portfolio LLC
—
Deed
related
$1,462,500 · Kitsap Bank
Oct 5, 2021
—
Alba Portfolio LLC
—
Deed
related
$1,054,000 · Evergreen Business Capital
Sep 15, 2020
$2,600,000
Alba Portfolio LLC
Slater Park LLC
Warranty Deed
$1,462,500 · Kitsap Bank
Apr 30, 2018
—
Slater Park LLC
—
Deed
related
$820,000 · Us Bank NA
Dec 4, 2013
$1,050,000
Slater Park LLC
Hi-performance Properties LLC
Warranty Deed
$892,500 · Bank Of America
Sep 4, 2003
$905,000
Hi Performance Properties LLC
Lakatos,milkos K & Elizabeth E
Grant Deed
$769,200 · Cnl Commercial Finance INC
Aug 9, 1988
$750,000
Miklos K Lakatos
Ayi Fund INC
Grant Deed
$200,000 · Rainier National Bank
—
—
Miklos K Lakatos
—
Deed Of Trust
related
$250,000 · Western Bank
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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