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Property profile & analytics
FOR LEASE
Office Spaces
12801 85Th St Kirkland, WA 98033
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3352026
No photos on file
For Lease
$8,000/Mo
12801 85Th St, Kirkland, WA 98033
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Construction
WOOD
Total area
6,767 SF
Lot
0.42 ac (18,417 SF)
Zoning code
RH 8
APN
124190-0040
UPID
US90-3352026
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
-
Raymond James Financial Services Financial Advisor
-
Christian Dema Windermere Property Management Property Management Company
-
Seawest Investment Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Seawest Investment Assocs LLC · 17 yrs held
Seawest Investment Assocs LLC
since 2008
6 recorded transactions
Zoning & alternative use
RH 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$218 / 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
$18,482
Tax year 2022
Assessed value
$2,292,400
Assessed 2022
Previous assessed
$2,292,400
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,105,000
Assessed improvement
$1,187,400
Land market value
$1,105,000
Improvement market value
$1,187,400
Total market value
$2,292,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2007
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
6,767 SF
Lot
0.42 ac (18,417 SF)
Zoning code
RH 8
APN
124190-0040
UPID
US90-3352026
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RH 8 · Kirkland, WA
Zoning RH 8 · permitted uses
RH 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
2007
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Seawest Investment Assocs LLC
Entity
Mailing address
13100 NE 70TH PL, KIRKLAND, WA 98033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2018
—
Seawest Investment Associates L L C
—
Deed
related
$2,191,000 · Banner Bank
Sep 2, 2008
—
Seawest Investment Assocs LLC
Austin,walter E & Sharon L
Grant Deed
related
—
Apr 25, 2005
$945,000
Seawest Investments LLC
Austin,walter E & Sharon L
Warranty Deed
—
Sep 22, 1994
$475,000
Walter E Austin
La Fiesta INC
Grant Deed
—
Mar 17, 1992
$361,474
La Fiesta INC
Nations
Grant Deed
—
—
—
Seawest Investment Assocs LLC
—
Deed Of Trust
related
$1,900,000 · First Republic 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?”
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