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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Warehouses
13400 124th St, Kirkland, WA 98034-9345
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1420014
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
6,350 SF
Lot
0.35 ac (15,295 SF)
Zoning code
TL 7B
APN
272605-9101
UPID
US90-1420014
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
-
Genesis of Kirkland Car Dealership
-
Genesis Temporary Address Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Lmj Enterprises Limited Partnership · 2 yrs held
Lmj Enterprises Limited Partnership
since 2024
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
TL 7B · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+92.1%
Restaurant
$3.4M
+84.9%
Commercial (general)
$3.2M
+77.7%
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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,820,000
Current use
OFFICE BUILDING
$3,500,000
Change: +92% · Conversion: Difficult
RESTAURANT
$3,370,000
Change: +85% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,235,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,915,000
Change: +60% · Conversion: Easy
MEDICAL BUILDING
$2,510,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$2,490,000
Change: +37% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,420,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Feb 8 2024)
Last sale anchor
$3.00M
Feb 8 2024
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
$472 / 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
$10,026
Tax year 2022
Assessed value
$1,157,100
Assessed 2022
Previous assessed
$1,157,100
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$412,900
Assessed improvement
$744,200
Land market value
$412,900
Improvement market value
$744,200
Total market value
$1,157,100
Applied tax rate
1,703.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
6,350 SF
Lot
0.35 ac (15,295 SF)
Zoning code
TL 7B
APN
272605-9101
UPID
US90-1420014
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1984
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Lmj Enterprises Limited Partnership
Entity
Mailing address
13400 NE 124TH ST, KIRKLAND, WA 98034-9345
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
$3,000,000
Lmj Enterprises Limited Partnership
Tjossem And Bock LLC
Warranty Deed
$1,950,000 · Standard Insurance Co
Nov 8, 2023
—
Tjossem And Bock LLC
Robert P Tjossem
Correction Deed
related
—
Feb 15, 2006
—
Tjossem & Bock LLC
Tjossem,robert P & Linda L
Quit Claim Deed
related
—
—
—
William E Wilson
—
Deed Of Trust
related
$83,000 · City 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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