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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13128 Totem Lk NE Blvd Kirkland, WA 98034-2953

    • Office buildings
    • 4,960 SF
    • 0.76 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2022
    $4,850,000
    Value Estimations
    $4,760,000
    Show details
    Cap Rate Potential
    2.4%
    Office buildings
    Location Intelligence
    Property ID
    US90-1737135
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Select Physical Therapy - Kirkland / Medical Clinic
    • Heather Stewart / Midwife
    • Nicole Donovan / Midwife
    • Heike Gurth Hornsby / Midwife
    • Kaja Madrone Powers / Midwife

    Property Details for 13128 Totem Lk NE Blvd

    Year built
    1983
    Construction
    WOOD
    Lot size
    0.76 lot acres
    Property size
    4,960 SF
    Zone code
    TL 1B
    Property type
    Office buildings
    APN
    282605-9008
    APU
    2826059008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,685,000
      ML approach
      $4,655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,680,000
      Market price range: $1.54M - $3.68M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kirkland
    County
    King
    State
    Washington
    Longitude
    -122.186
    Latitude
    47.718
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $25,193
    $1,222,500
    $1,749,400
    $2,971,900
    -
    $1,222,500
    $1,749,400
    $2,971,900

    Comparable in this City

    • Value Estimation
      $1,035,000
      3,370 SF

      12019 76th NE Pl

      OFFICE BUILDING • 3,370 SF
      12019 76th NE Pl, Kirkland, WA 98034-2437
      View Details
    • Value Estimation
      $1,125,000
      4,300 SF

      11656 98th NE Ave

      OFFICE BUILDING • 4,300 SF
      11656 98th NE Ave, Kirkland, WA 98034-4216
      View Details
    • Value Estimation
      $1,445,000
      4,780 SF

      14050 Juanita NE Dr

      OFFICE BUILDING • 4,780 SF
      14050 Juanita NE Dr, Kirkland, WA 98034-9708
      View Details
    • Value Estimation
      $1,775,000
      6,016 SF

      13531 Juanita Woodinville NE Way

      OFFICE BUILDING • 6,016 SF
      13531 Juanita Woodinville NE Way, Kirkland, WA 98034-5225
      View Details
    • Value Estimation
      $6,820,000
      29,876 SF

      11533 118th St

      OFFICE BUILDING • 29,876 SF
      11533 118th St, Kirkland, WA 98034-7111
      View Details
    • Value Estimation
      $12,350,000
      16,928 SF

      12707 120th NE Ave

      OFFICE BUILDING • 16,928 SF
      12707 120th NE Ave, Kirkland, WA 98034-7500
      View Details

    Similar Nearby for Sale

    • $6,250,000
      5,286 SF

      Kirkland Medical/Office Property For Sale

      Medical or office property in Totem Lake area.
      11415 NE 128Th St, Kirkland, WA 98034
      View Details
    • $2,650,000

      Kirkland Commercially Zoned Investment Opportunity

      Commercially zoned property in Kirkland with income and development potential.
      9833 NE 120Th Pl, Kirkland, WA 98034
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    • $899,990
      1,600 SF

      Luxury Townhomes Near Totem Lake

      Elegant 3-bedroom townhomes with upscale finishes and modern amenities.
      12705 NE 144Th St, Kirkland, WA 98034
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    • $350,000

      Kirkland Development-Ready Land Opportunity

      Four lots suitable for DADUs, cottage housing, or single-family residences.
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      Kirkland Turn-Key Sports Bar

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      New Construction Home Ready Now

      Three-level home near parks, waterfront, shops, dining, and schools.
      13217 NE 127Th Ct, Kirkland, WA 98034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kirkland Net-Zero Carbon Office

      Multi-tenant office building in Kirkland, first net-zero carbon operations.
      11335 NE 122Nd Way, Kirkland, WA 98034
      View Details
    • $25 SF/Yr
      28,487 SF

      Kirkland Office Building For Rent

      Office building with recent upgrades and tenant amenities for rent.
      12220 113Th Ave NE, Kirkland, WA 98034
      View Details
    • $13 SF/Yr
      10,354 SF

      Regus Kirkland Office Suites

      Prime Kirkland Office Space: Flexible Options
      11335 122Nd St, Kirkland, WA 98034
      View Details
    • $30 SF/Yr
      2,386 SF

      Kirkland Retail/Office Space Available

      High-visibility retail/office space in Kirkland's Totem Lake neighborhood.
      12340 NE 115Th Pl, Kirkland, WA 98034
      View Details
    • $32 SF/Yr
      10,438 SF

      Kirkland Office Space For Rent

      Office space available in Kirkland with custom tenant improvements.
      12910 Totem Lake Blvd NE, Kirkland, WA 98034
      View Details
    • $6,800 /Mo
      1,780 SF

      Medical Suite in Totem Lake

      Turnkey medical suite available for sublease in Kirkland, WA.
      13107 121St Way NE, Kirkland, WA 98034
      View Details
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    Kirkland, WA 98034-2953
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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