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Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Medical Office Space
11919 128th St, Kirkland, WA 98034-7204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0826275
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
WOOD
Total area
5,166 SF
Lot
0.48 ac (21,114 SF)
Zoning code
TL 1A
APN
692840-0022
UPID
US90-0826275
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
-
Nguyen Tuong Michael T OD Physician
-
Dr. Thao Phuong Le Ophthalmologist
-
TED M ZOLLMAN Ophthalmologist
-
Dr. Vanessa Franklin, OD Physician
-
Dr. Kenneth H. Fung, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.75M
Owner & transaction history
Swyft Totem Lake LLC · 4 yrs held
Swyft Totem Lake LLC
since 2022
Last sale
$6.2M
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
$5,525,000
ML approach
$5,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±10% · vs last sale $6.20M (Jun 23 2022)
Last sale anchor
$6.20M
Jun 23 2022
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
$1,112 / 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
$14,257
Tax year 2022
Assessed value
$1,669,100
Assessed 2022
Previous assessed
$1,669,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$760,100
Assessed improvement
$909,000
Land market value
$760,100
Improvement market value
$909,000
Total market value
$1,669,100
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
Off-Market
Year built
1972
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
5,166 SF
Lot
0.48 ac (21,114 SF)
Zoning code
TL 1A
APN
692840-0022
UPID
US90-0826275
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
1972
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Swyft Totem Lake LLC
Entity
Ownership since
2022
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
Nov 26, 2024
—
Swyft Totem Lake LLC
—
Deed
related
$3,250,000 · Banner Bank
Jun 23, 2022
$6,200,000
Swyft Totem Lake LLC
Catherine Searis Johnson
Warranty Deed
$3,250,000 · Banner Bank
Jan 8, 2007
—
Johnson Robert M Trust
Crl Properties LLC
Warranty Deed
related
—
Jun 24, 1998
—
Carl Properties
Johnson,catherine S
Quit Claim Deed
related
—
Mar 2, 1990
—
Johnson,catherine S
Johnson,catherin
Grant Deed
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.
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