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    Property profile & analytics

    12223 116th St Kirkland, WA 98034-8103

    • Hotels
    • 26,541 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-0359859
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Baymont by Wyndham Seattle/Kirkland WA / Hotel / Inn

    Property Details for 12223 116th St

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.07 lot acres
    Property size
    26,541 SF
    Zone code
    NRH 1A
    Property type
    Hotels
    Property subtype
    Motels
    APN
    332605-9204
    APU
    3326059204

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.178
    Latitude
    47.7028
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $46,963
    $1,398,000
    $4,488,300
    $5,886,300
    -
    $1,398,000
    $4,488,300
    $5,886,300

    Comparable in this City

    • Value Estimation by Request
      103,852 SF

      11215 124th St

      HOTEL/MOTEL • 103,852 SF
      11215 124th St, Kirkland, WA 98034-4302
      View Details
    • Value Estimation
      $8,220,000
      43,720 SF

      12233 Totem Lk Way

      HOTEL/MOTEL • 43,720 SF
      12233 Totem Lk Way, Kirkland, WA 98034-7507
      View Details
    • Value Estimation by Request
      12,201 SF

      12010 120th NE Pl

      HOTEL/MOTEL • 12,201 SF
      12010 120th NE Pl, Kirkland, WA 98034-8220
      View Details
    • Value Estimation by Request
      20,568 SF

      12222 116th St

      HOTEL/MOTEL • 20,568 SF
      12222 116th St, Kirkland, WA 98034
      View Details
    • Value Estimation by Request
      36,281 SF

      12204 124th St

      HOTEL/MOTEL • 36,281 SF
      12204 124th St, Kirkland, WA 98034-8213
      View Details
    • Value Estimation by Request
      31.20 Acres

      12208 72nd NE Ave

      ZOO • 31.20 Acres
      12208 72nd NE Ave, Kirkland, WA 98034
      View Details

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    Similar Nearby for Lease

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      Kirkland Parking/Storage Area Available

      40,000 SF paved and lighted parking/storage area for lease.
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      2,550 square feet of industrial space for lease.
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      AmTest Warehouse: Kirkland, WA

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      Kirkland Office Space Available

      Office space for lease with private entrance and parking.
      12015 115Th Ave NE, Kirkland, WA 98034
      View Details

    Property Visit Statistics

    • Visits by month
      2.3k
    • Visitors by month
      1.3k
    • Avg Time on site
      650 min
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    12223 116th St
    Kirkland, WA 98034-8103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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