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Property profile & analytics
OFF-MARKET
Estimated value
$16,320,000
Office buildings
3951 Lk Washington NE Blvd Kirkland, WA 98033
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1543720
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
CONCRETE
Total area
81,010 SF
Lot
1.75 ac (76,248 SF)
Zoning code
YBD 2
APN
202505-9260
UPID
US90-1543720
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
-
Best insurance Kirkland Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.32M
Owner & transaction history
Plaza Yarrow Bay IV LLC · 1 yrs held
Plaza Yarrow Bay IV LLC
since 2024
Last sale
$16.3M
5 recorded transactions
Zoning & alternative use
YBD 2 · 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
$16,320,000
ML approach
$16,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.32M
Range $14.69M – $17.95M · ±10% · vs last sale $16.32M (Aug 30 2024)
Last sale anchor
$16.32M
Aug 30 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
$201 / 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
$175,553
Tax year 2022
Assessed value
$22,895,000
Assessed 2022
Previous assessed
$22,895,000
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$6,481,000
Assessed improvement
$16,414,000
Land market value
$6,481,000
Improvement market value
$16,414,000
Total market value
$22,895,000
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
Off-Market
Year built
1993
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
81,010 SF
Lot
1.75 ac (76,248 SF)
Zoning code
YBD 2
APN
202505-9260
UPID
US90-1543720
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
YBD 2 · Kirkland, WA
Zoning YBD 2 · permitted uses
YBD 2 · 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.
Building & site characteristics
From public records
Year built
1993
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
1.75 ac
Current owner
From public records · entity-resolved
Plaza Yarrow Bay IV LLC
Entity
Mailing address
11225 SE 6TH ST STE #215, BELLEVUE, WA 98004-6477
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$16,320,025
Plaza Yarrow Bay IV LLC
Clpf Plaza Yarrow Bay LLC
Bargain And Sale Deed
$10,000,000 · East West Bank
Nov 21, 2018
$134,470,000
Clpf Plaza Yarrow Bay LLC
Kilroy Realty LP
Grant Deed
—
Apr 21, 2011
$100,217,187
Realty LP Kilroy
Plaza At Yarrow Bay INC
Grant Deed
$30,121,238 · Northwestern Mutual Life Ins
Jul 13, 2001
—
Hal Temp III INC
Plaza At Yarrow Bay LLC
Grant Deed
related
—
Mar 28, 1989
—
Yarrow Bay Office IV Ltd
Yb Sub IV Corpor
Quit Claim Deed
related
—
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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