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Property profile & analytics
OFF-MARKET
Estimated value
$8,535,000
Hotels
12233 Totem Lk Way, Kirkland, WA 98034-7507
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0495467
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Construction
WOOD
Total area
43,720 SF
Lot
3.68 ac (160,164 SF)
Zoning code
TL 8
APN
866327-0010
UPID
US90-0495467
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
-
Totem Lake Park Park
-
The Totem Lake Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.18M
CAP Approach
CAP
$8.54M
Comparable Approach
Comparable
$8.59M
Blend (final)
Blend
$8.54M
Owner & transaction history
Lorolive LLC · 2 yrs held
Lorolive LLC
since 2023
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
TL 8 · 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
$8,105,000
ML approach
$8,180,000
CAP Approach
CAP Return
Estimation
6%
$9,250,000
6.5%
$8,540,000
7%
$7,930,000
Blend value · Realmo final
$8.54M
Range $7.68M – $9.39M · ±10% · vs last sale $8.50M (Sep 15 2023)
Last sale anchor
$8.50M
Sep 15 2023
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
$195 / 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
$56,760
Tax year 2022
Assessed value
$6,314,400
Assessed 2022
Previous assessed
$6,314,400
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$4,004,100
Assessed improvement
$2,310,300
Land market value
$4,004,100
Improvement market value
$2,310,300
Total market value
$6,314,400
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
43,720 SF
Lot
3.68 ac (160,164 SF)
Zoning code
TL 8
APN
866327-0010
UPID
US90-0495467
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 8 · Kirkland, WA
Zoning TL 8 · permitted uses
TL 8 · 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
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
3.68 ac
Current owner
From public records · entity-resolved
Lorolive LLC
Entity
Ownership since
2023
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
Sep 15, 2023
—
Lorolive LLC
Totem Lake Apartment LLC
Quit Claim Deed
related
—
Dec 8, 2021
$8,500,000
Totem Lake Apartment LLC
Altanatural Corporation
Warranty Deed
—
Oct 4, 2013
—
Altanatural Corp
New Invs INC
Grant Deed
$3,325,228 · New Invs INC
Mar 22, 1988
$1,700,000
New Investments INC
Caribou Developm
Grant Deed
$2,193,000 · Company Misc
—
—
New Investments INC
—
Deed Of Trust
related
$2,750,000 · Frontier Bank
—
—
New Investments INC
—
Deed Of Trust
related
$2,700,000 · Lombard Odier & Cie
—
—
Altanatural Corp
—
Deed Of Trust
related
$3,322,000 · Owens Realty Mortgage INC Owens Realty Mortgage INC
—
—
Altanatural Corp
—
Deed Of Trust
related
$3,322,000 · Poppy Bk
—
—
New Invs INC
—
Deed Of Trust
related
$2,400,000 · Amun Management Sa
—
—
New Investments INC
—
Deed Of Trust
related
$100,000 · Frontier Bank
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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