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Property profile & analytics
OFF-MARKET
Estimated value
$3,645,000
Retail space
12620 85th St Kirkland, WA 98033-8155
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-0766781
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,263 SF
Lot
1.6 ac (69,665 SF)
Zoning code
RH 5B
APN
123310-0750
UPID
US90-0766781
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
-
Little Caesars Pizza Restaurant
-
Subway Take-out & Catering
-
Kiddie Academy of Kirkland Daycare Center
-
Benjamin Moore - Mallory Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.65M
Owner & transaction history
Beta-rose Hill LLC · 14 yrs held
Beta-rose Hill LLC
since 2012
7 recorded transactions
Zoning & alternative use
RH 5B · 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
$189 / 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
$61,072
Tax year 2022
Assessed value
$7,532,900
Assessed 2022
Previous assessed
$7,532,900
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$4,179,900
Assessed improvement
$3,353,000
Land market value
$4,179,900
Improvement market value
$3,353,000
Total market value
$7,532,900
Applied tax rate
1,701.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
19,263 SF
Lot
1.6 ac (69,665 SF)
Zoning code
RH 5B
APN
123310-0750
UPID
US90-0766781
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RH 5B · Kirkland, WA
Zoning RH 5B · permitted uses
RH 5B · 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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Beta-rose Hill LLC
Entity
Free & Clear · 14 yrs held
Mailing address
18827 BOTHELL WAY NE STE #110, BOTHELL, WA 98011-1940
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
Beta Rose Hill LLC
—
Deed
related
$4,316,980 · Bank Of America NA
Apr 3, 2012
—
Beta-rose Hill LLC
Beta Holdings LP
Quit Claim Deed
related
—
Mar 7, 2012
$3,215,000
Beta Holdings LP
Sheriff Of King County
Trustees Deed
related
—
Jul 23, 2007
$253,212
Pat L Gamroth
Jda Group LLC
Warranty Deed
—
Oct 31, 2006
$3,599,079
Jda Group LLC
Gudaz LLC
Warranty Deed
$6,522,198 · Evergreen Bank
Aug 15, 2003
—
Mrg LLC
Golden,marcella R
Quit Claim Deed
related
—
Oct 24, 2002
$2,497,500
Marcella R Golden
Pacific Coast Assoc New Jeruse
Grant Deed
—
Oct 20, 1999
$2,100,000
Pacific Coast Association
Gilpin,joyce A & Thomas M
Grant Deed
$1,600,000 · Seller
Oct 12, 1995
$1,265,000
Joyce A Gilpin
Rose Hill Associates
Grant Deed
$925,000 · Farm Bureau Life Insurance Mi
May 3, 1995
$83,000
Timothy L Anderson
Swanson-dean/daewoo Ptshp
Grant Deed
$238,750 · Washington Federal Savings
—
—
Daniel Chin
—
Deed Of Trust
related
$50,000 · Infrastructures INC
—
—
Beta-rose Hill LLC
—
Deed Of Trust
related
$3,900,000 · Bank Of America
—
—
Daniel Chin
—
Deed Of Trust
related
$47,112 · Heattransfer Co
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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