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    Property profile & analytics

    123 Lake St S Kirkland, WA 98033

    • Retail space
    • 9,402 SF
    • 0.24 lot acres
    For Lease
    View listing
    $55 SF/Yr
    Value Estimation
    $9,450,000
    Last Sale
    Jul 12, 2021
    $9,600,000
    Location Intelligence
    Property ID
    US90-1040298
    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

    • Jen Cameron / Real Estate Agent
    • The Agency Seattle- Piper Troxler / Real Estate Agent
    • James Campbell, Broker, The Agency Seattle / Real Estate Agent
    • The Agency Seattle / Real Estate Agency
    • Dickinson Group - The Agency / Real Estate Agent

    Property Details for 123 Lake St S

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    9,402 SF
    Zone code
    CBD 2
    Property type
    Retail space
    APN
    082505-9196
    APU
    825059196

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,860,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,965,000
      6.5%
      $8,510,000
      7%
      $8,930,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,685,000
      Geo Method
      $10,135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,965,000
      Retail
      $8,180,000
      Mixed-Use
      $9,200,000
      Hospitality
      $9,330,000
      Educational
      $10,545,000
      Residential Income
      $9,760,000
      Energy
      $10,525,000
      Income-Based Land
      $9,675,000
      Food Service
      $8,475,000

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.207
    Latitude
    47.6746
    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
    $35,773
    $2,090,800
    $2,610,200
    $4,701,000
    -
    $2,090,800
    $2,610,200
    $4,701,000

    Comparable in this City

    • Value Estimation by Request
      5,550 SF

      1413 Market St

      RETAIL STORES (PERSONAL SERVICES) • 5,550 SF
      1413 Market St, Kirkland, WA 98033-5432
      View Details
    • Value Estimation by Request
      10,192 SF

      12640 85th St

      RETAIL STORES (PERSONAL SERVICES) • 10,192 SF
      12640 85th St, Kirkland, WA 98033-8045
      View Details
    • Value Estimation
      $950,000
      522 SF

      8510 122nd NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 522 SF
      8510 122nd NE Ave, Kirkland, WA 98033-5831
      View Details
    • Value Estimation by Request
      13,867 SF

      200 Kirkland Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,867 SF
      200 Kirkland Ave, Kirkland, WA 98033
      View Details
    • Value Estimation by Request
      7,783 SF

      106 Lk S St

      RETAIL STORES (PERSONAL SERVICES) • 7,783 SF
      106 Lk S St, Kirkland, WA 98033
      View Details
    • Value Estimation by Request
      7,956 SF

      13 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 7,956 SF
      13 Lk St, Kirkland, WA 98033
      View Details

    Similar Nearby for Sale

    • $2,850,000
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      Redevelopment Opportunity in High-Traffic Area

      High-traffic location with redevelopment potential and existing 900 SF building.
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      Office building with high visibility and ample parking.
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      Large lot with potential for custom home in Kirkland.
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      .23 acre lot in North Rose Hill with development potential.
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      Prime I-405 location, stunning views, ample parking.
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    Similar Nearby for Lease

    • Contact for pricing
      2,450 SF

      Kirkland Retail Space Available

      Retail space in a shopping center with ample parking.
      10702 NE 68Th St, Kirkland, WA 98033
      View Details
    • $45 SF/Yr
      870 SF

      Kirkland Retail Space Available

      Retail space available for lease in Kirkland, Washington.
      255 Central Way, Kirkland, WA 98033
      View Details
    • $55 SF/Yr
      1,830 SF

      Kirkland Retail Space Available

      Retail space available for lease in Kirkland, Washington.
      140 Lake St S, Kirkland, WA 98033
      View Details
    • Contact for pricing
      2,995 SF

      Retail Space for Lease

      Retail spaces suitable for bakery, coffee shop, or restaurant.
      177 Central Way, Kirkland, WA 98033
      View Details
    • $38 SF/Yr
      1,228 SF

      Retail Space in Kirkland Avenue

      Retail space with high visibility and covered parking available for rent.
      345-395 Kirkland Ave, Kirkland, WA 98033
      View Details
    • Contact for pricing
      9,226 SF

      Downtown Kirkland Retail Gem

      Prime location, 1,044 sq ft storefront.
      30 Lake Shore Plz, Kirkland, WA 98033
      View Details
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    123 Lake St S
    Kirkland, WA 98033
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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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