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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Warehouses
416 6th S St, Kirkland, WA 98033-6718
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-2579786
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,760 SF
Lot
0.88 ac (38,125 SF)
Zoning code
LIT
APN
012000-0170
UPID
US90-2579786
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
-
Accenture Business Management Consultant
-
Accenture, Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Farm Water LLC · 13 yrs held
Farm Water LLC
since 2012
7 recorded transactions
Zoning & alternative use
LIT · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$119 / 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
$33,316
Tax year 2022
Assessed value
$4,106,600
Assessed 2022
Previous assessed
$4,106,600
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,296,200
Assessed improvement
$2,810,400
Land market value
$1,296,200
Improvement market value
$2,810,400
Total market value
$4,106,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Total area
17,760 SF
Lot
0.88 ac (38,125 SF)
Zoning code
LIT
APN
012000-0170
UPID
US90-2579786
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LIT · Kirkland, WA
Zoning LIT · permitted uses
LIT · 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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Farm Water LLC
Entity
Mailing address
416 6TH ST S, KIRKLAND, WA 98033-6718
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2020
—
Farmwater LLC
—
Deed
related
$6,700,000 · Wells Fargo Bank NA
Jan 8, 2018
—
Farmwater LLC
—
Loan Modification
related
$3,000,000 · Jp Morgan Chase Bk
Sep 15, 2016
—
Farmwater LLC
—
Deed
related
$3,000,000 · Jpmorgan Chase Bank NA
Dec 6, 2012
$3,945,000
Farm Water LLC
Repass,frederick M
Warranty Deed
$2,455,823 · Seattle Savings Bank
Apr 18, 2011
—
Wallycat LLC
Legg,gordon H
Grant Deed
—
Feb 11, 2011
—
Gordon H Legg
Legg Gordon H
Quit Claim Deed
—
Aug 8, 2005
—
Ryan Ptshp LLP
Ryan Ptshp
Quit Claim Deed
related
—
—
—
Farmwater LLC
—
Loan Modification
related
$2,700,000 · Columbia St Bk
—
—
Farmwater LLC
—
Loan Modification
related
$3,375,000 · Columbia St Bk
—
—
Farmwater LLC
—
Deed Of Trust
related
$3,375,000 · Columbia St Bk
—
—
Farmwater LLC
—
Deed Of Trust
related
$2,779,000 · Ameritrust Cdc
—
—
Ryan Partnership
—
Deed Of Trust
related
$1,060,000 · Farm Bureau Life Ins Co Michig
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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