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Property profile & analytics
OFF-MARKET
Estimated value
$10,200,000
Warehouses
13513 126th Pl, Kirkland, WA 98034-8725
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1177855
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,103 SF
Lot
2.45 ac (106,722 SF)
Zoning code
TL 7B
APN
272605-9090
UPID
US90-1177855
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.73M
CAP Approach
CAP
$9.98M
Comparable Approach
Comparable
$10.00M
Blend (final)
Blend
$10.20M
Owner & transaction history
Lmj Enterprises Limited Partnership · 2 yrs held
Lmj Enterprises Limited Partnership
since 2023
Last sale
$11.0M
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
Method
Estimation
Statistic approach
$10,485,000
ML approach
$8,725,000
CAP Approach
CAP Return
Estimation
6%
$10,810,000
6.5%
$9,975,000
7%
$9,265,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,235,000
Current use
Blend value · Realmo final
$10.20M
Range $9.18M – $11.22M · ±10% · vs last sale $11.00M (Sep 20 2023)
Last sale anchor
$11.00M
Sep 20 2023
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
$192 / 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
$66,067
Tax year 2022
Assessed value
$7,766,000
Assessed 2022
Previous assessed
$7,766,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,881,400
Assessed improvement
$4,884,600
Land market value
$2,881,400
Improvement market value
$4,884,600
Total market value
$7,766,000
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
53,103 SF
Lot
2.45 ac (106,722 SF)
Zoning code
TL 7B
APN
272605-9090
UPID
US90-1177855
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
$15.2M
WAREHOUSE, STORAGE Current
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Lmj Enterprises Limited Partnership
Entity
Mailing address
11845 NE 85TH ST, KIRKLAND, WA 98033-8042
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
—
Lmj Enterprises Limited Partnership
12545 Investments LLC
Quit Claim Deed
related
$18,250,000 · Coastal Community Bank
Oct 1, 2021
$11,000,000
Tlj Real Property Investments LLC
Auroraview Holdings LLC
Bargain And Sale Deed
—
Sep 15, 2021
—
Yaacov Bracha
Avh & Bj Holdings LLC
Quit Claim Deed
related
—
Jan 31, 2014
$3,250,000
Avh & Bj Holdings LLC
Western Washington Sheet Metal Trai
Warranty Deed
$2,032,900 · Umpqua Bank
Feb 28, 1992
$2,225,000
Sno-king Apprenticeship
Warren & Lewis P
Grant Deed
$1,646,500 · Seattle-first National Bank
Jun 30, 1989
$1,850,000
Warren Prop
S & M Partners
Grant Deed
$1,554,000 · Washington Mtg Fin'l Group Ltd
—
—
Western Wa Sheet Metal Trainin
—
Deed Of Trust
related
$4,900,000 · Seattle Savings Bank
—
—
Western Wa Sheet Metal Trainin
—
Deed Of Trust
related
$4,176,581 · Seattle Savings Bank
—
—
Sno-king Apprenticeship Build
—
Deed Of Trust
related
$926,437 · Seafirst 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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