Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11845 85th St Kirkland, WA 98033-8042

    • Commercial land
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Jul 17, 2023
    $335,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2351218
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gerber Collision & Glass - Intake Center / Auto Body Shop / Auto Dent Removal Service
    • Thermador Repair Kirkland / Appliance Repair Service
    • Chevrolet Service - Lee Johnson / Auto Repair Shop / Brake Shop
    • Chevrolet Parts Store - Lee Johnson / Car Battery Store / Wheel Store
    • Mazda Parts Store Kirkland - Lee Johnson / Auto Parts Store / Auto Body Parts Supplier

    Property Details for 11845 85th St

    Lot size
    0.60 lot acres
    Zone code
    RH 2C
    Property type
    Commercial land
    APN
    123310-0080
    APU
    1233100080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.183
    Latitude
    47.6774
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,060
    $1,159,000
    $0.00
    $1,159,000
    -
    $1,159,000
    $0.00
    $1,159,000

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      Kirkland, WA 98033

      VACANT COMMERCIAL LAND • 0.13 Acres
      Kirkland, WA 98033
      View Details
    • Value Estimation by Request
      10.68 Acres

      11605 132nd NE Ave

      VACANT COMMERCIAL LAND • 10.68 Acres
      11605 132nd NE Ave, Kirkland, WA 98033-8505
      View Details
    • Value Estimation by Request
      0.03 Acres

      11000 70th St

      VACANT COMMERCIAL LAND • 0.03 Acres
      11000 70th St, Kirkland, WA 98033
      View Details
    • Value Estimation by Request
      1.32 Acres

      12345 85th St

      VACANT COMMERCIAL LAND • 1.32 Acres
      12345 85th St, Kirkland, WA 98033-8034
      View Details
    • Value Estimation by Request
      0.84 Acres

      98th NE Ave

      VACANT COMMERCIAL LAND • 0.84 Acres
      98th NE Ave, Kirkland, WA 98033
      View Details
    • Value Estimation by Request
      0.29 Acres

      11254 98th NE Ave

      VACANT COMMERCIAL LAND • 0.29 Acres
      11254 98th NE Ave, Kirkland, WA 98033
      View Details

    Similar Nearby for Sale

    • $2,850,000
      900 SF

      Redevelopment Opportunity in High-Traffic Area

      High-traffic location with redevelopment potential and existing 900 SF building.
      12832 85Th St, Kirkland, WA 98033
      View Details
    • $2,850,000

      High-Traffic Redevelopment Opportunity

      0.32 acre property on high-traffic corridor with redevelopment potential.
      12832 Ne 85Th St, Kirkland, WA 98033
      View Details
    • $3,500,000
      6,000 SF

      Kirkland Development Opportunity For Sale

      Rare Kirkland development opportunity near transit with flexible zoning.
      1003 7Th Ave, Kirkland, WA 98033
      View Details
    • $3,500,000
      6,000 SF

      Kirkland Development Opportunity Near Transit

      Development site near transit with mixed-use potential in Kirkland.
      1003 7Th Ave, Kirkland, WA 98033
      View Details
    • $1,285,600

      Kirkland Development Opportunity on .23 Acres

      .23 acre lot in North Rose Hill with development potential.
      12856 NE 91St St, Kirkland, WA 98033
      View Details
    • $579,750

      Kirkland Building Lot Opportunity

      Level building lot in desirable Kirkland neighborhood near tech corridor.
      10433 Slater Ave, Kirkland, WA 98033
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      8,700 SF

      Kirkland Office Park Space Available

      Prime Kirkland office space, 4,400 sq ft available.
      821 Kirkland Ave, Kirkland, WA 98033
      View Details
    • $2.00 SF/Yr
      9,871 SF

      Kirkland Gym Space for Sublease

      9,871 SF gym space available for sublease in Kirkland.
      11251 120Th Ave Northeast, Kirkland, WA 98033
      View Details
    • $1.58 SF/Yr
      7,125 SF

      Kirkland Warehouse Space Available

      Warehouse/industrial space available for lease in Kirkland, Washington.
      11015-11021 117Th Pl NE, Kirkland, WA 98033
      View Details
    • $35 SF/Yr
      1,598 SF

      Remodeled Office Space with Lake Views

      Recently remodeled office space featuring lake views and flexible layout.
      131-149 7Th Ave W, Kirkland, WA 98033
      View Details
    • $36 SF/Yr
      1,200 SF

      Downtown Kirkland Office Space Available

      Prime office space in downtown Kirkland with high visibility.
      112 Central Way, Kirkland, WA 98033
      View Details
    • $2,700 /Mo

      Kirkland Condo with Sunset Views

      Two-bedroom condo near Peter Kirk Park, includes parking and utilities.
      122 State St S, Kirkland, WA 98033
      View Details

    Property Visit Statistics

    • Visits by month
      14.2k
    • Visitors by month
      11.2k
    • Avg Time on site
      6 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11845 85th St
    Kirkland, WA 98033-8042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.