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Property profile & analytics
FOR LEASE
Office buildings
12131 113Th Ave Northeast Kirkland, WA 98034
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0911069
For Lease
1 / 2
$29,640,000
12131 113Th Ave Northeast, Kirkland, WA 98034
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
133,004 SF
Lot
3.44 ac (149,703 SF)
Zoning code
TL 10A
APN
292605-9156
UPID
US90-0911069
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
-
Verity Solutions Business To Business Service
-
Monolith Productions Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Consona Corporation - Kirkland Location (Bike/Boat/Book/etc) Store Corporate Office
-
Banana Training Center Tutoring Service
-
washington state commercial association of realtors 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
$29.64M
Owner & transaction history
Touchstone Kirkland Hotel LLC · 21 yrs held
Touchstone Kirkland Hotel LLC
since 2005
6 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
$223 / 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
$248,029
Tax year 2022
Assessed value
$32,957,000
Assessed 2022
Previous assessed
$32,957,000
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$4,341,300
Assessed improvement
$28,615,700
Land market value
$4,341,300
Improvement market value
$28,615,700
Total market value
$32,957,000
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
For Lease
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
3
Bathrooms
1
Total area
133,004 SF
Lot
3.44 ac (149,703 SF)
Zoning code
TL 10A
APN
292605-9156
UPID
US90-0911069
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
3
Bathrooms
1
Lot
3.44 ac
Current owner
From public records · entity-resolved
Touchstone Kirkland Hotel LLC
Entity
Free & Clear · 21 yrs held
Mailing address
1015 3RD AVE STE #900, SEATTLE, WA 98104-1155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2005
$70,388
Touchstone Kirkland Hotel LLC
Touchstone Bldg LLC
Grant Deed
related
—
Sep 25, 1997
$370,000
Touchstone Partners I LLC
Rismondo,estella E
Grant Deed
—
—
—
Estella E Rismondo
—
Deed Of Trust
related
$45,193 · Seafirst Bank
—
—
Oskar Rismondo
—
Deed Of Trust
related
$25,000 · Bank Of America
—
—
Touchstone Building LLC
—
Deed Of Trust
related
$1,400,000 · Northwestern Mutual Life Ins
—
—
Touchstone Building LLC
—
Deed Of Trust
related
$10,250,000 · Northwestern Mutual Life Ins
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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