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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Retail space
12640 85th St Kirkland, WA 98033-8045
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0354324
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
WOOD
Total area
10,192 SF
Lot
1.26 ac (54,736 SF)
Zoning code
RH 5B
APN
123310-0765
UPID
US90-0354324
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
-
O'Reilly Auto Parts Auto Parts 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
$1.81M
Owner & transaction history
Nb 85th Street LLC · 13 yrs held
Nb 85th Street LLC
since 2013
5 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
$178 / 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
$30,176
Tax year 2022
Assessed value
$3,440,300
Assessed 2022
Previous assessed
$3,440,300
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$3,284,100
Assessed improvement
$156,200
Land market value
$3,284,100
Improvement market value
$156,200
Total market value
$3,440,300
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
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
10,192 SF
Lot
1.26 ac (54,736 SF)
Zoning code
RH 5B
APN
123310-0765
UPID
US90-0354324
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RH 5B · Kirkland, WAZoning 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
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Nb 85th Street LLC
Entity
Mailing address
720 4TH AVE STE #102, KIRKLAND, WA 98033-8136
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2020
—
Nb 85th Street LLC
—
Deed
related
$1,550,000 · Miscellaneous Ins Co
Jan 18, 2013
—
Nb 85th Street LLC
Rose Hill Properties LLC
Correction Deed
related
$1,550,000 · Miscellaneous Ins Co
Dec 22, 2008
$3,420,000
Nb 85th St Investments LLC
Rose Hill Properties LLC
Warranty Deed
—
Oct 9, 2003
—
Rose Hill Properties LLC
Mowat,david A
Grant Deed
related
—
—
—
Nb 85th Street LLC
—
Loan Modification
related
$1,550,000 · Miscellaneous Ins 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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