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Property profile & analytics
OFF-MARKET
Estimated value
$24,630,000
Office buildings
5808 Lk Washington NE Blvd Kirkland, WA 98033-7350
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1686786
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
82,300 SF
Lot
2 ac (87,240 SF)
Zoning code
PR 3.6
APN
246540-0080
UPID
US90-1686786
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
-
Advanced Business Link Corporation (Bike/Boat/Book/etc) Store Corporate Office
-
EZmotion Industrial Manufacturer Production Facility
-
Republic Parking Parking Lot & Garage
-
NameJet Data Center IT Consulting Firm
-
Enom Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.63M
Owner & transaction history
Monolithic Power Systems INC · 7 yrs held
Monolithic Power Systems INC
since 2019
6 recorded transactions
Zoning & alternative use
PR 3.6 · 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%
$30,855,000
6.5%
$28,480,000
7%
$26,445,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$37,780,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$24.63M
Range $22.17M – $27.09M · ±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
$299 / 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
$358,926
Tax year 2022
Assessed value
$47,613,000
Assessed 2022
Previous assessed
$47,613,000
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$12,649,800
Assessed improvement
$34,963,200
Land market value
$12,649,800
Improvement market value
$34,963,200
Total market value
$47,613,000
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
3
Bathrooms
2
Total area
82,300 SF
Lot
2 ac (87,240 SF)
Zoning code
PR 3.6
APN
246540-0080
UPID
US90-1686786
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PR 3.6 · Kirkland, WA
Zoning PR 3.6 · permitted uses
PR 3.6 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$37.8M
AUTO REPAIR, GARAGE
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
3
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Monolithic Power Systems INC
Entity
Mailing address
5808 LK WASHINGTON BLVD NE STE #400, KIRKLAND, WA 98033-7350
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Mar 18, 2019
$53,000,000
Monolithic Power Systems INC
Clpf Lake Washington Park LLC
Grant Deed
—
Sep 12, 2018
$39,240,000
Clpf Lake Washington Park LLC
Sc Lake Washington Park INC
Grant Deed
—
Jun 29, 2007
$32,750,000
Sc Lake Washington Park INC
Cf Kirkland Office
Warranty Deed
—
Oct 5, 2004
$16,270,000
Cf Kirkland Office
Lw Park LLC
Warranty Deed
$9,500,000 · Southwest Bank Of Texas
Jun 23, 2004
$11,535,820
Lw Park LLC
Lake Washington Park LP
Grant Deed
$14,000,000 · Paul J & Karen M Taylor
—
—
Cf Kirkland Office
—
Deed Of Trust
related
$11,500,000 · Eurohypo Ag
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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