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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Manufacturing properties
603 5th S Pl, Kirkland, WA 98033-6673
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-0197463
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
STEEL FRAME
Total area
14,608 SF
Lot
0.82 ac (35,783 SF)
Zoning code
PLA 6G
APN
788260-0110
UPID
US90-0197463
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
-
Jemco Components & Fabrication Industrial Manufacturer Production Facility
-
MSI Engineering Electronics & Wireless Store Big Box & Wholesale Store
-
Pickleball and Tennis Court Sports Field & Court
-
Precision Manufacturing for Medical, Energy, Aerospace and Defense Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Sgm Properties LLC · 17 yrs held
Sgm Properties LLC
since 2009
5 recorded transactions
Zoning & alternative use
PLA 6G · 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%
$2,450,000
6.5%
$2,260,000
7%
$2,100,000
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±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
$152 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$30,799
Tax year 2024
Assessed value
$2,626,900
Assessed 2023
Previous assessed
$2,626,900
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,431,300
Assessed improvement
$1,195,600
Land market value
$1,431,300
Improvement market value
$1,195,600
Total market value
$2,626,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Total area
14,608 SF
Lot
0.82 ac (35,783 SF)
Zoning code
PLA 6G
APN
788260-0110
UPID
US90-0197463
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PLA 6G · Kirkland, WA
Zoning PLA 6G · permitted uses
PLA 6G · 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
1976
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Sgm Properties LLC
Entity
Mailing address
603 PO BOX 677TH PL S, KIRKLAND, WA 98083-0677
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Jan 11, 2022
—
Sgm Properties LLC
—
Deed
related
$3,190,880 · Lawrence B Stone
Jun 6, 2019
—
Sgm Properties LLC
—
Grant Deed
related
$11,100,000 · Bank Of America
Apr 22, 2019
—
Sgm Properties LLC
—
Grant Deed
related
$10,400,000 · Bank Of America
Feb 12, 2009
$1,650,000
Sgm Properties LLC
Bushnell Family Trust
Warranty Deed
$1,250,000 · Lawrence B Stone Props 62 LLC
—
—
Sgm Properties LLC
—
Deed Of Trust
related
$1,200,000 · Opus 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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