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Property profile & analytics
FOR LEASE
Medical Office Space
12911 120Th Ave NE Kirkland, WA 98034
Entity Owned
12-yr Hold
Free & Clear
Property ID
US90-1068423
No photos on file
For Lease
$2,900/Mo
12911 120Th Ave NE, Kirkland, WA 98034
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
WOOD
Total area
4,995 SF
Lot
3.25 ac (141,536 SF)
Zoning code
TL 1A
APN
692840-0015
UPID
US90-1068423
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
-
Kirkland Compounding Pharmacy Pharmacy
-
Barry Dental Center Dental Office
-
Beetham Dentistry Dental Office
-
Louis K Cheung, DDS Dental Office
-
Totem Lake Smiles: Aishwarya Patil-Ghatkar, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$825k
Owner & transaction history
Proliance Surgeons INC Ps · 12 yrs held
Proliance Surgeons INC Ps
since 2014
2 recorded transactions
Zoning & alternative use
TL 1A · 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
$640,000
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$165 / 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
$98,135
Tax year 2022
Assessed value
$11,590,400
Assessed 2022
Previous assessed
$11,590,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$5,095,200
Assessed improvement
$6,495,200
Land market value
$5,095,200
Improvement market value
$6,495,200
Total market value
$11,590,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1972
Construction
WOOD
Heating
OTHER
Buildings
6
Stories
1
Total area
4,995 SF
Lot
3.25 ac (141,536 SF)
Zoning code
TL 1A
APN
692840-0015
UPID
US90-1068423
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 1A · Kirkland, WA
Zoning TL 1A · permitted uses
TL 1A · 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
1972
Construction
WOOD
Heating
OTHER
Stories
1
Buildings
6
Lot
3.25 ac
Current owner
From public records · entity-resolved
Proliance Surgeons INC Ps
Entity
Free & Clear · 12 yrs held
Mailing address
7325 166TH AVE NE STE F260, REDMOND, WA 98052-7708
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2014
$1,603,161
Proliance Surgeons INC Ps
Evergreen Orthopedic Surgery C
Quit Claim Deed
related
—
Jun 27, 2002
—
Evergreen Sun Enterprises INC
—
Grant Deed
related
$5,800,000 · Ameritas Life Insurance Corp
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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