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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Automotive properties
12415 Slater NE Ave Kirkland, WA 98034-5248
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0840461
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1981
Construction
WOOD
Total area
3,716 SF
Lot
0.7 ac (30,519 SF)
Zoning code
TL 7B
APN
282605-9040
UPID
US90-0840461
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
-
Maserati of Kirkland Car Dealership
-
Fiat of Kirkland Car Dealership
-
Alfa Romeo of Kirkland Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Kirkland 132nd LLC · 6 yrs held
Kirkland 132nd LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
TL 7B · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+20.1%
Commercial (general)
$1.9M
+11.0%
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
$1,425,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,705,000
Current use
OFFICE BUILDING
$2,050,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,895,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$1,470,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$1,460,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.25M (May 19 2020)
Last sale anchor
$1.25M
May 19 2020
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
$359 / 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
$18,603
Tax year 2022
Assessed value
$2,159,500
Assessed 2022
Previous assessed
$2,159,500
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,037,600
Assessed improvement
$1,121,900
Land market value
$1,037,600
Improvement market value
$1,121,900
Total market value
$2,159,500
Applied tax rate
1,743.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
3,716 SF
Lot
0.7 ac (30,519 SF)
Zoning code
TL 7B
APN
282605-9040
UPID
US90-0840461
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 7B · Kirkland, WA
Zoning TL 7B · permitted uses
TL 7B · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Kirkland 132nd LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 2879, KIRKLAND, WA 98083-2879
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2020
—
Kirkland 132nd LLC
Rc 124th LLC
Quit Claim Deed
related
—
Jan 13, 2011
$1,250,000
Rc 124th LLC
Boden Ventures LLC
Warranty Deed
$992,000 · Bank Of America
Apr 25, 2003
$600,000
Boden Ventures LLC
Agbar Technologies INC
Grant Deed
—
Feb 7, 2002
$460,000
Agbar Technologies INC
Envirotest Systems Corp
Grant Deed
—
Dec 9, 1998
—
Envirotest Systems Corp
—
Deed Of Trust
related
$435,000,000 · Credit Suisse First Bos Ttee
Jul 11, 1996
$22,322
King County (washington)
Vehicle Test Technology INC
Grant Deed
—
—
—
Rc 124th LLC
—
Deed Of Trust
related
$1,464,444 · Bank Of America
—
—
Boden Ventures LLC
—
Deed Of Trust
related
$480,000 · Us Bank Trust NA
—
—
Boden Ventures LLC
—
Deed Of Trust
related
$480,000 · Us Bank NA
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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