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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
11848 85th St Kirkland, WA 98033-8041
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-1239296
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Construction
STEEL FRAME
Total area
875 SF
Lot
0.8 ac (34,833 SF)
Zoning code
RH 1A
APN
123850-0055
UPID
US90-1239296
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
-
76 Gas Station
-
Western Union Bank Credit Union
-
Cardtronics ATM Atm
-
CoinFlip Bitcoin ATM Financial Advisor
-
NW Roofing Company Re Roof & Roofer Services Roofing Company General Contractor
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
Pbjp Ents LLC · 9 yrs held
Pbjp Ents LLC
since 2016
7 recorded transactions
Zoning & alternative use
RH 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
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
$18,639
Tax year 2022
Assessed value
$2,090,900
Assessed 2022
Previous assessed
$2,090,900
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,089,900
Assessed improvement
$1,000
Land market value
$2,089,900
Improvement market value
$1,000
Total market value
$2,090,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
OTHER
Stories
1
Total area
875 SF
Lot
0.8 ac (34,833 SF)
Zoning code
RH 1A
APN
123850-0055
UPID
US90-1239296
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RH 1A · Kirkland, WAZoning RH 1A · permitted uses
RH 1A · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Pbjp Ents LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1420 5TH AVE STE #2150, SEATTLE, WA 98101-4010
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2016
—
Pbjp Enterprises LLC
—
Deed
related
$1,139,450 · Puget Sound Bank
Dec 6, 2016
$1,753,000
Pbjp Ents LLC
Cf United Propco LLC
Grant Deed
—
Dec 6, 2016
—
Apro LLC
—
Deed
related
—
Jul 29, 2015
$2,363,900
Cf United Propco LLC
Convenience Retailers LLC
Bargain And Sale Deed
$115,000,000 · Wells Fargo Bank NA
Feb 12, 2008
—
Convenience Retailers LLC
Kayo Oil
Warranty Deed
—
Jan 20, 2004
—
Kayo Oil Co
Conocophillips Co
Grant Deed
related
—
May 10, 1989
$406,914
Bp Oil Company
Mobil Oil Corpor
Grant Deed
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Loan Modification
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
$140,000 · Us Bank NA
—
—
Convenience Retailers LLC
—
Deed Of Trust
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.
Try Rey
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