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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Commercial real estate
5207 Lk Washington NE Blvd Kirkland, WA 98033-7321
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-0684801
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
5,850 SF
Lot
4.18 ac (182,140 SF)
Zoning code
PLA 15A
APN
172505-9130
UPID
US90-0684801
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
-
Yarrow Bay Marina Boat Rental Service Boat Repair Shop
-
Freedom Boat Club Kirkland Boat Club
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.12M
Owner & transaction history
Fae Holdings 481843r LLC · 8 yrs held
Fae Holdings 481843r LLC
since 2017
6 recorded transactions
Zoning & alternative use
PLA 15A · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,630,000
6.5%
$1,505,000
7%
$1,395,000
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$191 / 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
$86,456
Tax year 2022
Assessed value
$11,606,500
Assessed 2022
Previous assessed
$11,606,500
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$6,987,800
Assessed improvement
$4,618,700
Land market value
$6,987,800
Improvement market value
$4,618,700
Total market value
$11,606,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Total area
5,850 SF
Lot
4.18 ac (182,140 SF)
Zoning code
PLA 15A
APN
172505-9130
UPID
US90-0684801
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PLA 15A · Kirkland, WAZoning PLA 15A · permitted uses
PLA 15A · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Lot
4.18 ac
Current owner
From public records · entity-resolved
Fae Holdings 481843r LLC
Entity
Free & Clear · 8 yrs held
Mailing address
923 POWELL AVE SW STE #101, RENTON, WA 98057-2943
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2018
—
Kirkland Yarrow Bay LLC
—
Deed
related
$6,000,000 · Homestreet Bank
Aug 10, 2017
$10,800,000
Fae Holdings 481843r LLC
Yarrow Bay Yacht Basin & Marin
Warranty Deed
—
Feb 26, 2008
—
Bay Yacht Basin Yarrow
—
Trustees Deed
related
$2,600,000 · First Mutual Bank
Oct 26, 2007
—
Marina Suites LLC
Yarrow Bay Yacht Basin & Marin
Quit Claim Deed
related
—
Jul 24, 1998
—
Yarrow Bay Yacht Basin LLC
Wilcox,donald A
Quit Claim Deed
related
—
—
—
Bay Yacht Basin Yarrow
—
Deed Of Trust
related
$375,000 · First Mutual Bank
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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