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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office buildings
121 Lk S St Kirkland, WA 98033-9025
Individually Owned
8-yr Hold
Free & Clear
Property ID
US90-0956699
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1943
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,666 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CBD 2
APN
082505-9164
UPID
US90-0956699
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
-
Diane Hutchens, Century 21 Northwest Real Estate Agency
-
Tracy Mettier, Century 21 Northwest Real Estate Agency
-
Shelley Camacho, eXp Realty Real Estate Agency
-
Rose Silva Licensed Real Estate Broker Real Estate Agency
-
Nancy Olmos, Century 21 Northwest Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
John D Strauss · 8 yrs held
John D Strauss
since 2018
5 recorded transactions
Zoning & alternative use
CBD 2 · 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
$240 / 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
$8,911
Tax year 2022
Assessed value
$1,138,900
Assessed 2022
Previous assessed
$1,138,900
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$138,900
Land market value
$1,000,000
Improvement market value
$138,900
Total market value
$1,138,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1943
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
3,666 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CBD 2
APN
082505-9164
UPID
US90-0956699
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD 2 · Kirkland, WA
Zoning CBD 2 · permitted uses
CBD 2 · 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
1943
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
John D Strauss
Individual
Free & Clear · 8 yrs held
Mailing address
121 LK ST S STE #101, KIRKLAND, WA 98033-9025
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Mar 9, 2018
—
John D Strauss
Strauss John D Trust
Quit Claim Deed
related
—
Feb 16, 2007
—
Strauss John D Trust
Strauss,john D
Quit Claim Deed
related
—
Jun 30, 2000
$462,500
John D Strauss
Mcdonald,scott A
Grant Deed
$600,000 · Bank Of America
Sep 12, 1988
$325,000
John D Strauss
Connell,daryl R&
Grant Deed
—
—
—
Strauss,john D Trust
—
Loan Modification
related
$743,180 · Heritage Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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