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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Assisted living facilities
12531 124th St, Kirkland, WA 98034-4418
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-2446016
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,865 SF
Lot
0.74 ac (32,181 SF)
Zoning code
TL 6A
APN
282605-9249
UPID
US90-2446016
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
-
Athene Apartments Apartment Building
-
Tony Love Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
Athene LLC · 9 yrs held
Athene LLC
since 2016
7 recorded transactions
Zoning & alternative use
TL 6A · 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
$46 / 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
$1,805
Tax year 2022
Assessed value
$28,187,000
Assessed 2022
Previous assessed
$28,187,000
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,061,900
Assessed improvement
$27,125,100
Land market value
$1,061,900
Improvement market value
$27,125,100
Total market value
$28,187,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
6
Units
91
Total area
46,865 SF
Lot
0.74 ac (32,181 SF)
Zoning code
TL 6A
APN
282605-9249
UPID
US90-2446016
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 6A · Kirkland, WA
Zoning TL 6A · permitted uses
TL 6A · 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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
6
Units
91
Lot
0.74 ac
Current owner
From public records · entity-resolved
Athene LLC
Entity
Mailing address
10604 NE 38TH PL STE #215, KIRKLAND, WA 98033-7932
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Aug 30, 2016
—
Athene LLC
—
Deed
related
$14,800,000 · Jpmorgan Chase Bank NA
Aug 24, 2016
—
Athene LLC
Imagine Housing
Grant Deed
$2,000,000 · Miscellaneous Govt Agcy
May 15, 2012
$2,750,000
Imagine Housing
Inland Totem Lake LLC
Warranty Deed
$1,516,810 · Impact Capital
Feb 8, 2011
—
Inland Totem Lake LLC
Totem Lake Apartments LLC
Quit Claim Deed
related
—
—
—
Imagine Housing
—
Loan Modification
related
$701,210 · Impact Cap
—
—
Athene LLC
—
Deed Of Trust
related
$2,650,000 · Miscellaneous Govt Agcy
—
—
Athene LLC
—
Deed Of Trust
related
$875,000 · Miscellaneous Govt Agcy
—
—
Imagine Housing
—
Loan Modification
related
$1,516,810 · Impact Cap
—
—
Imagine Housing
—
Loan Modification
related
$2,000,000 · Miscellaneous Govt Agcy
—
—
Athene LLC
—
Deed Of Trust
related
$2,850,000 · Miscellaneous Govt Agcy
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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