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Property profile & analytics
FOR LEASE
Office buildings
12525 Willows Rd NE Kirkland, WA 98034
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0465657
For Lease
1 / 5
$3,825,000
12525 Willows Rd NE, Kirkland, WA 98034
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
15,963 SF
Lot
1.03 ac (44,814 SF)
Zoning code
TL 7B
APN
272605-9103
UPID
US90-0465657
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
-
Higher Leaf Cannabis Kirkland (Bike/Boat/Book/etc) Store
-
Minuteman Press of Kirkland (Bike/Boat/Book/etc) Store Printing Service
-
Higher Leaf (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.83M
Owner & transaction history
Hdk Investments LLC · 11 yrs held
Hdk Investments LLC
since 2014
4 recorded transactions
Zoning & alternative use
TL 7B · 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
$240 / 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
$35,287
Tax year 2022
Assessed value
$4,325,100
Assessed 2022
Previous assessed
$4,325,100
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,254,700
Assessed improvement
$3,070,400
Land market value
$1,254,700
Improvement market value
$3,070,400
Total market value
$4,325,100
Applied tax rate
1,702.0000
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
1981
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
15,963 SF
Lot
1.03 ac (44,814 SF)
Zoning code
TL 7B
APN
272605-9103
UPID
US90-0465657
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.
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Hdk Investments LLC
Entity
Mailing address
PO BOX 2354, SEATTLE, WA 98111-2354
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
Hdk Investments LLC
—
Deed
related
$2,950,000 · Telco Community Cu
Dec 31, 2014
$3,550,000
Hdk Investments LLC
Terra Properties
Grant Deed
$1,800,000 · Bank Of Wa
Mar 6, 1990
$875,000
Terra Properties
File,richard P&j
Grant Deed
$227,500 · Seller
—
—
Terra Properties
—
Deed Of Trust
related
$375,000 · Great Northern Insured Annuity
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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