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Property profile & analytics
OFF-MARKET
Estimated value
$8,565,000
Office buildings
12112 115th NE Ave Kirkland, WA 98034-6958
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1257158
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
CONCRETE
Total area
33,728 SF
Lot
2.44 ac (106,369 SF)
Zoning code
TL 10A
APN
389060-0070
UPID
US90-1257158
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
-
Echodyne Corp Corporate Office Factory
-
RAYUS Radiology Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.57M
Owner & transaction history
H-p Properties/405 LLC · 14 yrs held
H-p Properties/405 LLC
since 2011
2 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,645,000
6.5%
$11,670,000
7%
$10,840,000
Blend value · Realmo final
$8.57M
Range $7.71M – $9.42M · ±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
$254 / 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
$84,142
Tax year 2022
Assessed value
$10,244,800
Assessed 2022
Previous assessed
$10,244,800
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$3,191,000
Assessed improvement
$7,053,800
Land market value
$3,191,000
Improvement market value
$7,053,800
Total market value
$10,244,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
33,728 SF
Lot
2.44 ac (106,369 SF)
Zoning code
TL 10A
APN
389060-0070
UPID
US90-1257158
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
1991
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
2
Lot
2.44 ac
Current owner
From public records · entity-resolved
H-p Properties/405 LLC
Entity
Mailing address
PO BOX 776, MERCER ISLAND, WA 98040-0776
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2011
$4,000,000
H-p Properties/405 LLC
Mept Kirkland Flex LLC
Warranty Deed
$3,000,000 · Standard Insurance Co
Oct 30, 2008
—
Mept Kirkland Flex LLC
Newtower Trust Co
Quit Claim 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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