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Property profile & analytics
OFF-MARKET
Estimated value
$11,305,000
Office buildings
620 Kirkland Way Kirkland, WA 98033-6021
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1199842
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
33,972 SF
Lot
0.92 ac (40,214 SF)
Zoning code
PLA 5B
APN
123890-0090
UPID
US90-1199842
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
-
ESM Properties Real Estate Agency
-
Mark M. Travers, DC Alternative Medicine Practice
-
Kirkland Children's Dentistry Dental Office
-
Milbrandt Architects Architect
-
Andrea Hood Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.69M
CAP Approach
CAP
$11.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.31M
Owner & transaction history
Mrm Mt Vernon LLC · 5 yrs held
Mrm Mt Vernon LLC
since 2020
Last sale
$11.1M
4 recorded transactions
Zoning & alternative use
PLA 5B · 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
$11,200,000
ML approach
$9,690,000
CAP Approach
CAP Return
Estimation
6%
$12,735,000
6.5%
$11,755,000
7%
$10,915,000
Alternative Use
Use
Estimation
RESTAURANT
$18,025,000
Change: -5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,320,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,595,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$11.31M
Range $10.17M – $12.44M · ±10% · vs last sale $11.13M (Dec 18 2020)
Last sale anchor
$11.13M
Dec 18 2020
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
$333 / 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
$82,956
Tax year 2022
Assessed value
$10,791,000
Assessed 2022
Previous assessed
$10,791,000
+0.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$4,624,600
Assessed improvement
$6,166,400
Land market value
$4,624,600
Improvement market value
$6,166,400
Total market value
$10,791,000
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
1990
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
33,972 SF
Lot
0.92 ac (40,214 SF)
Zoning code
PLA 5B
APN
123890-0090
UPID
US90-1199842
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PLA 5B · Kirkland, WA
Zoning PLA 5B · permitted uses
PLA 5B · 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
RESTAURANT
Est. value
$18.0M
COMMERCIAL (GENERAL)
Est. value
$17.3M
AUTO REPAIR, GARAGE
Est. value
$15.6M
RESTAURANT
COMMERCIAL (GENERAL)
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
1990
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Mrm Mt Vernon LLC
Entity
Mailing address
PO BOX 1743, BELLEVUE, WA 98009-1743
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2020
$11,131,250
Mrm Mt Vernon LLC
Six Twenty Associates LLC
Warranty Deed
$6,000,000 · Bank Of America NA
Feb 25, 2016
—
Six-twenty Associates LLC
Six-twenty Associates
Quit Claim Deed
related
—
Sep 27, 1989
—
Six-twenty Associates
Conner Developme
Quit Claim Deed
related
—
—
—
Six-twenty Associates
—
Deed Of Trust
related
$1,875,000 · Seattle-first National 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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