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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Assisted living facilities
12029 113th NE Ave, Kirkland, WA 98034-6901
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1633552
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
WOOD
Total area
18,065 SF
Lot
1.37 ac (59,677 SF)
Zoning code
TL 10A
APN
292605-9124
UPID
US90-1633552
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
-
Newport Academy Medical Clinic
-
NABILLA SHIRAZ PORBANDARWALLA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.52M
Owner & transaction history
Washington Health R & E Hldgs Ll · 6 yrs held
Washington Health R & E Hldgs Ll
since 2019
7 recorded transactions
Zoning & alternative use
TL 10A · 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
$139 / 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
$994
Tax year 2022
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Bathrooms
1
Total area
18,065 SF
Lot
1.37 ac (59,677 SF)
Zoning code
TL 10A
APN
292605-9124
UPID
US90-1633552
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 10A · Kirkland, WA
Zoning TL 10A · permitted uses
TL 10A · 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
2000
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Bathrooms
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Washington Health R & E Hldgs Ll
Individual
Mailing address
19200 VON KARMAN AVE STE #500, IRVINE, CA 92612-8513
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
—
Washington Health Real Esttae Holdi
—
Deed
related
—
Jan 13, 2021
—
Washington Health Re Holdings LLC
—
Deed
related
$230,000,000 · Ally Bank
Apr 1, 2020
—
Washington Health R & E Hldgs Ll
—
Deed
related
—
Dec 4, 2019
$3,778,950
Washington Health R & E Hldgs Ll
Xii Residence
Grant Deed
—
Jul 12, 2019
—
Residence Xii
—
Deed
related
$3,000,000 · Raza Dev Fund
May 31, 2013
—
Resedence Xii
—
Deed Of Trust
related
$2,166,300 · Banner Bank
Sep 1, 1999
—
Xii Residence
—
Grant Deed
related
$1,750,000 · Us Bank
—
—
Xii Residence
—
Deed Of Trust
related
$990,000 · Washington Health Care Facilit
—
—
Residence Xii
—
Deed Of Trust
related
$3,000,000 · Raza Dev Fund
—
—
Washington Health R & E Hldgs Ll
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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