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Property profile & analytics
FOR SALE
Office buildings
720 8Th Ave Kirkland, WA 98033
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0177990
No photos on file
For Sale
$3,950,000
720 8Th Ave, Kirkland, WA 98033
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
4,448 SF
Lot
0.33 ac (14,513 SF)
Zoning code
LIT
APN
388580-5760
UPID
US90-0177990
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
-
braincandy Corporate Office
-
braincandy.com (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$2.62M
Owner & transaction history
720 8th Ave LLC · 5 yrs held
720 8th Ave LLC
since 2021
Last sale
$3.0M
7 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
Method
Estimation
Statistic approach
$2,415,000
ML approach
$2,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,475,000
Current use
COMMERCIAL (GENERAL)
$2,265,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,040,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $3.00M (May 26 2021)
Last sale anchor
$3.00M
May 26 2021
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
$589 / 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
$20,803
Tax year 2022
Assessed value
$2,668,800
Assessed 2022
Previous assessed
$2,668,800
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$435,300
Assessed improvement
$2,233,500
Land market value
$435,300
Improvement market value
$2,233,500
Total market value
$2,668,800
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 Sale
Year built
1983
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
4,448 SF
Lot
0.33 ac (14,513 SF)
Zoning code
LIT
APN
388580-5760
UPID
US90-0177990
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING Current
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
1983
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
720 8th Ave LLC
Entity
Mailing address
701 8TH AVE, KIRKLAND, WA 98033-5649
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
$3,000,000
720 8th Ave LLC
John Noble
Warranty Deed
—
Dec 28, 2020
—
Theobald Family Trust
Tn 720 LLC
Warranty Deed
—
May 31, 2013
$1,750,000
Ewing Irrigation Products INC
Miller Risher LLC
Warranty Deed
—
Mar 12, 2012
$840,000
Tn 720 LLC
720 Building LLC
Warranty Deed
$341,080 · Banner Bank
Feb 13, 2006
—
David M Whitney
Whitney,elizabeth B
Quit Claim Deed
related
—
Dec 1, 2000
$785,000
720 Building LLC
Ddrh Enterprises LLC
Grant Deed
$628,909 · Key Bank NA
Jan 19, 1994
$300,000
Ddrh Enterprises
Logan,ross A & M
Grant Deed
$240,000 · Key Bank Of Washington
—
—
Tn 720 LLC
—
Deed Of Trust
related
$354,000 · Northwest Busn Dev Assn
—
—
720 Building LLC
—
Deed Of Trust
related
$100,000 · Key Bank NA
—
—
David M Whitney
—
Deed Of Trust
related
$167,920 · Elizabeth B Whitney
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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