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Property profile & analytics
FOR SALE
Office buildings
16812 140Th Ave NE, Woodinville, WA 98072
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0812328
No photos on file
For Sale
$2,500,000
16812 140Th Ave NE, Woodinville, WA 98072
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
WOOD
Total area
2,110 SF
Lot
0.34 ac (14,810 SF)
Zoning code
O
APN
102605-9112
UPID
US90-0812328
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
-
Ginger York Marketplace Sotheby's International Realty Real Estate Agency
-
Brianna Wright Real Estate Agency
-
Rose Johnson Real Estate Agency
-
Tom Headlee Homes @ Marketplace Sotheby's Realty Real Estate Agency
-
Marketplace Sotheby’s International Realty :CHENTELLE FULLWILER Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Kirkland Downton Building A LLC · 11 yrs held
Kirkland Downton Building A LLC
since 2014
3 recorded transactions
Zoning & alternative use
O · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$835,000
+4.8%
Retail stores
$830,000
+4.1%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
MEDICAL BUILDING
$835,000
Change: +5% · Conversion: Easy
RETAIL STORES
$830,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$258 / 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
$8,802
Tax year 2022
Assessed value
$858,500
Assessed 2022
Previous assessed
$858,500
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$385,000
Assessed improvement
$473,500
Land market value
$385,000
Improvement market value
$473,500
Total market value
$858,500
Applied tax rate
2,505.0000
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 Sale
Year built
1967
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
3
Total area
2,110 SF
Lot
0.34 ac (14,810 SF)
Zoning code
O
APN
102605-9112
UPID
US90-0812328
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O · Woodinville, WA
Zoning O · permitted uses
O · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$795,000
MEDICAL BUILDING
Est. value
$835,000
RETAIL STORES
Est. value
$830,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1967
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Kirkland Downton Building A LLC
Entity
Mailing address
PO BOX 2729, KIRKLAND, WA 98083-2729
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2014
$800,000
Kirkland Downton Building A LLC
Nelson Reid
Warranty Deed
$650,000 · Sound Community Bank
Jan 4, 1999
$285,000
Reid Nelson
Towle,guy I & Holly K
Grant Deed
$243,000 · Irwin Mortgage Corp
—
—
Kirkland Downtown Building A L
—
Loan Modification
related
$786,250 · Sound Cmnty Bk
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?”
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