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Property profile & analytics
FOR LEASE
Office buildings
720 4Th Ave Kirkland, WA 98033
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US90-1714045
For Lease
$40 SF/Yr
720 4Th Ave, Kirkland, WA 98033
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
150,440 SF
Lot
2.46 ac (107,128 SF)
Zoning code
PLA 5C
APN
517270-0010
UPID
US90-1714045
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
-
Hoylu (Bike/Boat/Book/etc) Store Corporate Office
-
Digital River Inc (Bike/Boat/Book/etc) Store Corporate Office
-
GrapeCity, inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Central Way Plaza Bark Park Park
-
Intervest Mortgage Investment Co. Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.36M
Owner & transaction history
Central Way Plaza LLC · 30 yrs held
Central Way Plaza LLC
since 1996
6 recorded transactions
Zoning & alternative use
PLA 5C · 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
$29 / 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
$369,195
Tax year 2022
Assessed value
$48,939,000
Assessed 2022
Previous assessed
$48,939,000
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$10,177,100
Assessed improvement
$38,761,900
Land market value
$10,177,100
Improvement market value
$38,761,900
Total market value
$48,939,000
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
For Lease
Year built
1998
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
150,440 SF
Lot
2.46 ac (107,128 SF)
Zoning code
PLA 5C
APN
517270-0010
UPID
US90-1714045
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PLA 5C · Kirkland, WA
Zoning PLA 5C · permitted uses
PLA 5C · 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
1998
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
2.46 ac
Current owner
From public records · entity-resolved
Central Way Plaza LLC
Entity
Mailing address
720 4TH AVE STE #102, KIRKLAND, WA 98033-8136
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
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
Feb 18, 2022
—
Central Way Plaza Limited Liability
—
Deed
related
$30,000,000 · John Hancock Life Insurance Company USA
Dec 31, 1997
—
Central Way Plaza LP
—
Grant Deed
related
$13,500,000 · Key Bank NA
May 3, 1996
—
Central Way Plaza LLC
Nordstrom,linda
Quit Claim Deed
related
—
—
—
Central Way Plaza LLC
—
Deed Of Trust
related
$12,150,000 · Genworth Life Insurance Co
—
—
Central Way Plaza LLC
—
Deed Of Trust
related
$1,200,000 · Genworth Life Insurance Co
—
—
Central Way Plaza LLC
—
Deed Of Trust
related
$14,700,000 · General American Life Ins
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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