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Property profile & analytics
OFF-MARKET
Estimated value
$32,100,000
Office buildings
1200 Carillon Pt Kirkland, WA 98033-7322
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1681096
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
CONCRETE
Total area
105,056 SF
Lot
15.92 ac (693,267 SF)
Zoning code
PLA 15A
APN
172505-9058
UPID
US90-1681096
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
-
Woodmark Meetings & Events Hotel & Motel Resort
-
Seaplane Scenics Tour Operator (Bike/Boat/Book/etc) Store
-
Adventures by Eddie Bob Tour Operator (Bike/Boat/Book/etc) Store
-
Waterfront Adventures Water Sports Equipment Rental Service Boat Rental Service
-
Carillon Point Dock Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.10M
Owner & transaction history
Carillon Properties LLC · 4 yrs held
Carillon Properties LLC
since 2021
3 recorded transactions
Zoning & alternative use
PLA 15A · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$39,385,000
6.5%
$36,355,000
7%
$33,755,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$48,230,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$32.10M
Range $28.89M – $35.31M · ±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
$306 / 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
$1,836,654
Tax year 2022
Assessed value
$243,235,000
Assessed 2022
Previous assessed
$243,235,000
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$48,528,600
Assessed improvement
$194,706,400
Land market value
$48,528,600
Improvement market value
$194,706,400
Total market value
$243,235,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
4
Stories
4
Total area
105,056 SF
Lot
15.92 ac (693,267 SF)
Zoning code
PLA 15A
APN
172505-9058
UPID
US90-1681096
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PLA 15A · Kirkland, WA
Zoning PLA 15A · permitted uses
PLA 15A · 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
AUTO REPAIR, GARAGE
Est. value
$48.2M
AUTO REPAIR, GARAGE
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
1989
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Buildings
4
Lot
15.92 ac
Current owner
From public records · entity-resolved
Carillon Properties LLC
Entity
Mailing address
4100 CARILLON PT, KIRKLAND, WA 98033-7463
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
—
Carillon Properties LLC
Carillon Properties
Intrafamily Transfer
related
$190,000,000 · Principal Life Insurance Co
Aug 17, 2009
—
Carillon Properties
—
Deed Of Trust
related
$95,000,000 · John Hancock Life Insurance Co
Sep 28, 2001
—
Carillon Properties
—
Deed Of Trust
related
$80,000,000 · Teachers Insurance & Annuity
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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