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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office Spaces
12532 117th Pl Kirkland, WA 98034-4117
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1344251
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Construction
WOOD
Total area
2,580 SF
Lot
0.64 ac (27,878 SF)
Zoning code
RM 1.8
APN
282605-9024
UPID
US90-1344251
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
-
Longview Construction LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Qayam LLC · 9 yrs held
Qayam LLC
since 2016
7 recorded transactions
Zoning & alternative use
RM 1.8 · 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
by Request
ML approach
$325,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$202 / 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
$5,443
Tax year 2022
Assessed value
$670,000
Assessed 2022
Previous assessed
$670,000
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$669,000
Assessed improvement
$1,000
Land market value
$669,000
Improvement market value
$1,000
Total market value
$670,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
2,580 SF
Lot
0.64 ac (27,878 SF)
Zoning code
RM 1.8
APN
282605-9024
UPID
US90-1344251
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM 1.8 · Kirkland, WA
Zoning RM 1.8 · permitted uses
RM 1.8 · 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
1960
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Qayam LLC
Entity
Mailing address
9040 NE JUANITA DR APT #105, KIRKLAND, WA 98034-3509
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2016
$700,000
Qayam LLC
Cooper,connie M
Warranty Deed
—
Dec 30, 2011
—
Connie M Cooper
Chronic Don J
Grant Deed
related
—
Oct 11, 2005
—
Don Chronic
Chronic,donald & Elsie
Quit Claim Deed
related
$458,850 · Financial Freedom Senior Fundi
Jan 17, 1989
$120,000
Donald Chronic
Ranch,r F&joan
Grant Deed
$105,600 · Seller
—
—
Don Chronic
—
Deed Of Trust
related
$250,000 · F Richard & Margaret A Dion
—
—
Donald Chronic
—
Deed Of Trust
related
$95,000 · Washington Mutual Fsb
—
—
Donald Chronic
—
Deed Of Trust
related
$200,000 · Washington Mutual Fsb
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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