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Property profile & analytics
OFF-MARKET
Estimated value
$7,535,000
Office buildings
423 6th S St Kirkland, WA 98033-6719
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1843756
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
STEEL FRAME
Total area
324,923 SF
Lot
2.85 ac (124,099 SF)
Zoning code
LIT
APN
788260-0220
UPID
US90-1843756
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
-
Endzone Athletics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.54M
Owner & transaction history
City Of Kirkland · 5 yrs held
City Of Kirkland
since 2020
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
$23 / 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
$644,005
Tax year 2022
Assessed value
$86,042,000
Assessed 2022
Previous assessed
$86,042,000
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$4,095,200
Assessed improvement
$81,946,800
Land market value
$4,095,200
Improvement market value
$81,946,800
Total market value
$86,042,000
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
1980
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Total area
324,923 SF
Lot
2.85 ac (124,099 SF)
Zoning code
LIT
APN
788260-0220
UPID
US90-1843756
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
1980
Construction
STEEL FRAME
Heating
OTHER
Stories
2
Lot
2.85 ac
Current owner
From public records · entity-resolved
City Of Kirkland
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
—
Srmkcca LLC
—
Deed
related
$77,000,000 · New York Life Insurance Company
Jan 25, 2024
—
Srmkcca LLC
—
Deed
related
—
Sep 17, 2020
—
City Of Kirkland
Srmkcca LLC
Grant Deed
—
Aug 10, 2020
—
Srmkcca LLC
—
Deed Of Trust
related
$79,178,000 · Miscellaneous Ins Co
Jun 24, 2020
—
Srmkcca LLC
Kirkland Cmrc Ctr Assocs LLC
Warranty Deed
—
Feb 12, 2004
—
Kirkland Commerce Ctr Assoc
Alder,tr
Quit Claim Deed
related
—
Jan 8, 2004
—
Jrlr,tr
Chau,rosemary
Quit Claim Deed
related
—
Jan 7, 2004
—
Alder,tr
Adler,alfred Est
Quit Claim Deed
related
—
Dec 10, 2003
—
Rand L Rosenberg
Rosenberg,rand
Quit Claim Deed
related
—
Jan 7, 2003
—
Ross,tr
Russell,r Est
Quit Claim Deed
related
—
Jul 26, 1995
$3,120,000
Alfred Alder
Cash Flow Partners I LP
Grant Deed
—
Jul 8, 1988
$2,350,000
Cash Flow Partners
Dally
Grant Deed
$2,091,500 · Washington Mtg Fin'l Group Ltd
—
—
Kirkland Commerce Center Assoc
—
Deed Of Trust
related
$3,000,000 · Sun Life Assurance Co
—
—
Kirkland Commerce Center Ass
—
Deed Of Trust
related
$2,100 · Sun Life Assurance Co Canada
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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