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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Assisted living facilities
12629 116th NE Ave, Kirkland, WA 98034-4323
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0366365
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,098 SF
Lot
5 ac (217,853 SF)
Zoning code
PR 3.6
APN
292605-9210
UPID
US90-0366365
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
-
Aegis Lodge Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.03M
Owner & transaction history
116 Ave Kirkland LLC · 7 yrs held
116 Ave Kirkland LLC
since 2018
7 recorded transactions
Zoning & alternative use
PR 3.6 · 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
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$27 / 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
$86,017
Tax year 2022
Assessed value
$10,850,600
Assessed 2022
Previous assessed
$10,850,600
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$4,357,000
Assessed improvement
$6,493,600
Land market value
$4,357,000
Improvement market value
$6,493,600
Total market value
$10,850,600
Applied tax rate
1,806.0000
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
3
Units
86
Total area
38,098 SF
Lot
5 ac (217,853 SF)
Zoning code
PR 3.6
APN
292605-9210
UPID
US90-0366365
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PR 3.6 · Kirkland, WA
Zoning PR 3.6 · permitted uses
PR 3.6 · 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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
3
Units
86
Lot
5 ac
Current owner
From public records · entity-resolved
116 Ave Kirkland LLC
Entity
Mailing address
699 BOYLSTON ST STE #700, BOSTON, MA 02116-2836
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Dec 14, 2018
$9,800,000
116 Ave Kirkland LLC
Asc Lodge LLC
Trustees Deed
$29,523,400 · M&t Realty Cap Corp
Aug 12, 2010
—
Asc Lodge LLC
Tiburcia Heritage LLC
Quit Claim Deed
related
—
Aug 12, 2010
$7,159,047
Asc Holdings LLC
Osl Of Escondido LLC
Warranty Deed
—
Sep 29, 2008
—
Tiburcia Heritage LLC
Ford,david R & Elizabeth R
Quit Claim Deed
related
—
Aug 31, 2005
$12,070,000
Nokina Heritage LLC
Heritage House Kirkland LLC
Warranty Deed
$10,650 · Bank Of The West
Aug 19, 1999
$2,004,500
Heritage House Kirkland LLC
Heritage Creek Associates LP
Grant Deed
related
$8,775,000 · West Coast Bank
Oct 22, 1998
$970,500
Heritage Creek Associates LP
Orlob Trust
Grant Deed
$955,000 · Seattle Mortgage Co
—
—
Heritage House Kirkland LLC
—
Deed Of Trust
related
$327,075 · West Coast Bank
—
—
Heritage Kirkland LLC
—
Deed Of Trust
related
$45,812 · Haertle Development 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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