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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Warehouses
13649 126th Pl, Kirkland, WA 98034-8715
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-3341123
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,618 SF
Lot
1.09 ac (47,419 SF)
Zoning code
TL 7B
APN
272605-9111
UPID
US90-3341123
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
-
Risan Athletics (Bike/Boat/Book/etc) Store
-
Cardinal Heating & Air HVAC Service General Contractor
-
Emerald City Chimney Inc General Contractor Renovation Specialist
-
Trc Irrigation Remots Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.44M
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$4.14M
Owner & transaction history
Take Flight Holdings LLC · 13 yrs held
Take Flight Holdings LLC
since 2013
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,805,000
6.5%
$4,435,000
7%
$4,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,775,000
Current use
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±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
$175 / 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
$48,038
Tax year 2022
Assessed value
$5,934,000
Assessed 2022
Previous assessed
$5,934,000
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,327,700
Assessed improvement
$4,606,300
Land market value
$1,327,700
Improvement market value
$4,606,300
Total market value
$5,934,000
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
23,618 SF
Lot
1.09 ac (47,419 SF)
Zoning code
TL 7B
APN
272605-9111
UPID
US90-3341123
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
$6.8M
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Take Flight Holdings LLC
Entity
Mailing address
13649 NE 126TH PL #100, KIRKLAND, WA 98034-8715
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
—
Take Flight Holdings LLC
—
Deed
related
$2,320,000 · Peoples Bank
Apr 15, 2013
$2,800,000
Take Flight Holdings LLC
D & I LLC
Warranty Deed
$1,415,200 · Seacoast Commerce Bank
Mar 31, 2005
$3,500,000
D & I LLC
Valley View One LLC
Warranty Deed
$1,711,556 · Valley View One LLC
Jun 3, 2003
$2,525,000
Valley View LLC
Whitaker,thomas S & Linda P
Grant Deed
$1,625,000 · Washington Trust Bank
—
—
D & I LLC
—
Deed Of Trust
related
$1,700,000 · Pacific Continental Bank
—
—
Thomas S Whitaker
—
Deed Of Trust
related
$992,000 · Us Bank Of Washington
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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