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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Automotive properties
12828 124th St Kirkland, WA 98034-8309
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1574739
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1979
Construction
STEEL FRAME
Total area
24,356 SF
Lot
4.02 ac (175,311 SF)
Zoning code
TL 7B
APN
282605-9053
UPID
US90-1574739
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
-
Rairdon's Dodge Chrysler Jeep of Kirkland Auto Repair Shop
-
Rairdon's Jeep Car Dealership Auto Repair Shop
-
Rairdon's Dodge Chrysler Jeep of Kirkland Service Department Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Rc 124th LLC · 18 yrs held
Rc 124th LLC
since 2007
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$47 / 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
$78,569
Tax year 2022
Assessed value
$8,775,500
Assessed 2022
Previous assessed
$8,775,500
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$5,960,500
Assessed improvement
$2,815,000
Land market value
$5,960,500
Improvement market value
$2,815,000
Total market value
$8,775,500
Applied tax rate
1,743.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
24,356 SF
Lot
4.02 ac (175,311 SF)
Zoning code
TL 7B
APN
282605-9053
UPID
US90-1574739
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.
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
2
Lot
4.02 ac
Current owner
From public records · entity-resolved
Rc 124th LLC
Entity
Mailing address
PO BOX 486, MONROE, WA 98272-0486
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
—
Rc 124th LLC
—
Deed
related
$5,000,000 · Bank Of America
Feb 11, 2020
—
Rc 124th LLC
—
Deed
related
$10,183,333 · Bank Of America
Dec 21, 2018
—
Rc 124th LLC
—
Deed
related
$7,000,000 · Bank Of America
Oct 16, 2014
—
Rc 124th LLC
—
Loan Modification
related
$6,873,971 · Bank Of America
Aug 1, 2007
$7,000,000
Rc 124th LLC
Mac & Sons LLC
Grant Deed
$5,600,000 · Bank Of America
Jun 28, 2001
$4,725,000
Mac & Sons LLC
Chrysler Realty Corp
Grant Deed
$4,443,750 · Chrysler Realty Corp
Jun 28, 2001
—
Mac & Sons LLC
—
Deed Of Trust
related
$4,443,750 · Chrysler Financial Co LLC
—
—
Rc 124th LLC
—
Loan Modification
related
$7,000,000 · Bank Of America
—
—
Rc 124th LLC
—
Deed Of Trust
related
$5,000,000 · Bank Of America
—
—
Rc 124th LLC
—
Loan Modification, Consolidation And Extension
related
$10,183,333 · Bank Of America
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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