Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1414 Market St Kirkland, WA 98033
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-3360089
For Lease
1 / 14
$35 SF/Yr
1414 Market St, Kirkland, WA 98033
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
WOOD
Total area
10,871 SF
Lot
0.24 ac (10,445 SF)
Zoning code
MSC 1
APN
388580-4060
UPID
US90-3360089
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
-
SmartTalent - Kirkland Employment Agency
-
Hanson Consulting Group Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.66M
CAP Approach
CAP
$3.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Big Sky Investment Holdings LLC · 5 yrs held
Big Sky Investment Holdings LLC
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
MSC 1 · 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
$3,380,000
ML approach
$3,655,000
CAP Approach
CAP Return
Estimation
6%
$4,075,000
6.5%
$3,760,000
7%
$3,495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,045,000
Current use
RESTAURANT
$5,765,000
Change: -5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,540,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,990,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $4.20M (Jun 17 2021)
Last sale anchor
$4.20M
Jun 17 2021
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
$353 / 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
$28,062
Tax year 2022
Assessed value
$3,705,900
Assessed 2022
Previous assessed
$3,705,900
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,201,100
Assessed improvement
$2,504,800
Land market value
$1,201,100
Improvement market value
$2,504,800
Total market value
$3,705,900
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2006
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
10,871 SF
Lot
0.24 ac (10,445 SF)
Zoning code
MSC 1
APN
388580-4060
UPID
US90-3360089
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MSC 1 · Kirkland, WA
Zoning MSC 1 · permitted uses
MSC 1 · 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
OFFICE BUILDING Current
Est. value
$6.0M
RESTAURANT
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Big Sky Investment Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1414 MARKET ST, KIRKLAND, WA 98033-5408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jun 17, 2021
$4,200,000
Big Sky Investment Holdings LLC
1414 Market LLC
Warranty Deed
—
Dec 20, 2019
$3,500,000
1414 Market LLC
1414 Building LLC
Warranty Deed
$2,450,000 · Banner Bank
Oct 20, 2016
—
1414 Building LLC
—
Deed
related
$1,420,000 · First Citizens Bank & Trust Co
May 3, 2005
—
1414 Building LLC
—
Trustees Deed
related
$1,618,887 · Banner Bank
Jan 8, 2004
—
1414 Buildings LLC
4d Architects
Quit Claim Deed
related
—
Mar 25, 2003
$550,000
4-d Architects
Bonewits,michael & Wyomia
Grant Deed
$440,000 · Us Bank NA
Mar 14, 2003
$385,000
Michael Bonewits
Davidson,tatiana D
Grant Deed
—
—
—
1414 Building LLC
—
Deed Of Trust
related
$627,000 · Rural Housing & Community Dev
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
