Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Office buildings
12735 Willows NE Rd Kirkland, WA 98034-8717
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0366568
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,670 SF
Lot
0.48 ac (20,705 SF)
Zoning code
TL 7B
APN
272605-9102
UPID
US90-0366568
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
-
Willows Youth Services Center Social Service Agency Crisis Center
-
Derian Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.64M
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$3.71M
Owner & transaction history
Friends Of Youth · 4 yrs held
Friends Of Youth
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
TL 7B · 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
$3,645,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
$2,500,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,675,000
Current use
RESTAURANT
$3,540,000
Change: -4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,400,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,060,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±10% · vs last sale $3.77M (Jun 7 2022)
Last sale anchor
$3.77M
Jun 7 2022
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
$555 / 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
$19,057
Tax year 2022
Assessed value
$2,377,900
Assessed 2022
Previous assessed
$2,377,900
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$579,700
Assessed improvement
$1,798,200
Land market value
$579,700
Improvement market value
$1,798,200
Total market value
$2,377,900
Applied tax rate
1,702.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
6,670 SF
Lot
0.48 ac (20,705 SF)
Zoning code
TL 7B
APN
272605-9102
UPID
US90-0366568
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 7B · Kirkland, WA
Zoning TL 7B · permitted uses
TL 7B · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Friends Of Youth
Individual
Mailing address
13116 NE 132ND ST, KIRKLAND, WA 98034-2306
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
—
Friends Of Youth
—
Deed
related
$288,090 · The Washington State Department Of Comme
Jan 24, 2023
—
Friends Of Youth
—
Deed
related
$2,425,000 · Washington State Department Of Commerce
Aug 2, 2022
—
Friends Of Youth
—
Deed
related
$1,885,000 · Washington Federal NA
Jun 7, 2022
$3,770,000
Friends Of Youth
M D Jensen LLC
Warranty Deed
—
Mar 12, 2020
$283,998
Md Jensen LLC
R Scott Holdings LLC
Warranty Deed
—
Sep 1, 2017
$214,578
Md Jensen LLC
R Scott Holdings LLC
Warranty Deed
—
Jul 16, 2012
—
R Scott Holdings LLC
Mkb Holdings LLC
Quit Claim Deed
related
—
Jul 16, 2012
$92,925
R Scott Holdings LLC
Virginia Moor
Quit Claim Deed
related
$775,000 · Washington Federal
Aug 1, 2006
$950,000
Mkb Holdings LLC
Reo Enterprises LLC
Warranty Deed
$500,000 · General Electric Capital Corp
Jul 24, 2003
$1,850,000
Reo Enterprises LLC
Gns Associates LLC
Grant Deed
$1,320,000 · Foundation Bank
Jun 27, 2002
$1,200,000
Gns Assoc LLC
Lottinville Trust
Quit Claim Deed
related
$900,000 · Frontier Bank
Mar 9, 1998
—
Rane Lottinville
Katco Sales INC
Quit Claim Deed
related
—
Sep 21, 1992
$715,000
Katco Sales INC
Flodine,norm&joa
Grant Deed
$643,500 · Seller
—
—
Md Jensen LLC
—
Deed Of Trust
related
—
—
—
Katco Sales INC
—
Deed Of Trust
related
$750,000 · Enterprise Bank Of Bellevue
—
—
Mkb Holdings LLC
—
Deed Of Trust
related
$277,000 · Rural Housing & Community Dev
—
—
Rne Lottinville
—
Deed Of Trust
related
$551,272 · Frontier Bank
—
—
Rane Lottinville
—
Deed Of Trust
related
$840,000 · Frontier Bank
—
—
Reo Ents LLC
—
Deed Of Trust
related
$92,806 · Foundation Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12735 Willows NE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
