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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Retail space
132 Central Way Kirkland, WA 98033-6106
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1123215
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,841 SF
Lot
0.12 ac (5,023 SF)
Zoning code
CBD 8
APN
388580-8642
UPID
US90-1123215
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
-
THE BIRDCAGE Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.88M
Owner & transaction history
Lydg 132 Central LLC · 5 yrs held
Lydg 132 Central LLC
since 2020
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
CBD 8 · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+41.7%
Restaurant
$3.6M
+35.2%
Commercial (general)
$3.5M
+30.0%
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
$4,460,000
ML approach
$4,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,685,000
Current use
OFFICE BUILDING
$3,805,000
Change: +42% · Conversion: Easy
RESTAURANT
$3,630,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,485,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,140,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,700,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,610,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,370,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $3.60M (Oct 29 2020)
Last sale anchor
$3.60M
Oct 29 2020
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
$566 / 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
$25,187
Tax year 2022
Assessed value
$3,339,300
Assessed 2022
Previous assessed
$3,339,300
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$879,000
Assessed improvement
$2,460,300
Land market value
$879,000
Improvement market value
$2,460,300
Total market value
$3,339,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Total area
6,841 SF
Lot
0.12 ac (5,023 SF)
Zoning code
CBD 8
APN
388580-8642
UPID
US90-1123215
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD 8 · Kirkland, WAZoning CBD 8 · permitted uses
CBD 8 · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.8M
RESTAURANT
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lydg 132 Central LLC
Entity
Mailing address
1521 2ND AVE APT #1404, SEATTLE, WA 98101-4507
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
$3,600,000
Lydg 132 Central LLC
Whiteys Properties LLC
Warranty Deed
—
Jan 24, 2019
—
Whiteys Properties LLC
Tak Memorial Trust
Warranty Deed
—
May 12, 2017
—
Timothy A Kane
—
Deed
related
$1,000,000 · Homestreet Bank
Oct 28, 2016
—
Timothy A Kane
—
Deed
related
$1,000,000 · Homestreet Bank
Oct 17, 2014
—
Tak Memorial Trust
Kane,elsie J
Grant Deed
—
Dec 31, 2012
—
Tak Memorial Trust
Kane,elsie J
Warranty Deed
—
Dec 28, 2012
—
Elsie J Kane
Kane Thomas A
Quit Claim Deed
related
—
Apr 14, 1995
$850,000
Thomas A Kane
132 Central Way LP
Grant Deed
$535,000 · Seattle-first National 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.
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