New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,450,000
Warehouses
610 6th Ave, Kirkland, WA 98033-5584
Entity Owned
10-yr Hold
Absentee Owner
Property ID
US90-2010983
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
87,975 SF
Lot
0.25 ac (11,000 SF)
Zoning code
LIT
APN
388580-7505
UPID
US90-2010983
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
-
Cubes Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.45M
Owner & transaction history
Ppn Ventures LP · 10 yrs held
Ppn Ventures LP
since 2016
5 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
$130 / 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
$132,214
Tax year 2022
Assessed value
$17,757,300
Assessed 2022
Previous assessed
$17,757,300
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$385,000
Assessed improvement
$17,372,300
Land market value
$385,000
Improvement market value
$17,372,300
Total market value
$17,757,300
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
BASEBOARD
Stories
3
Total area
87,975 SF
Lot
0.25 ac (11,000 SF)
Zoning code
LIT
APN
388580-7505
UPID
US90-2010983
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
2017
Construction
STEEL FRAME
Heating
BASEBOARD
Stories
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ppn Ventures LP
Entity
Mailing address
950 N 72ND ST STE #100, SEATTLE, WA 98103-5362
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 7, 2022
—
Ppn Ventures LP
—
Deed
related
$9,650,000 · Aim Cu
Aug 3, 2016
—
Ppn Ventures LP
—
Deed
related
$7,800,000 · Columbia State Bank
Jun 9, 2016
—
Ppn Ventures LP
Kirkland Ppn LLC
Quit Claim Deed
related
—
Aug 18, 2008
$2,500,000
Kirkland Ppn LLC
Primeau,peter R & Barbara
Warranty Deed
—
Aug 16, 2007
—
Peter R Primeau
Matthews,wendell P & M Marie
Warranty Deed
—
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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