Financial
Distress signals
Property profile

720 8Th Ave Kirkland, WA 98033

FOR SALE
Office buildings
Property ID
US90-0177990
4,448 SF 0.33 ac lot Built 1983
Last sale May 2021 · $3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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720 8Th Ave, Kirkland, WA 98033 For Sale
Contact for pricing 4,448 SF
720 8Th Ave, Kirkland, WA 98033
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Property summary

AI-generated overview

The property is a freestanding commercial building constructed in 1983 and remodeled in 2012 and 2018. It contains high-end office finishes and is equipped with full air conditioning. The site includes a second-floor deck, fully fenced parking, and an additional yard area. The building comprises 4,448 square feet. It is zoned LIT by the City of Kirkland and the zoning supports a range of uses, including day-care centers, breweries/wineries, a contractor’s office, general retail, automotive and marine repair/service, office uses, and wholesale uses.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$21k
Tax billed · 2022
Assessed value$2.67M
Assessed land$435k
Assessed improvement$2.23M
Effective rate0.78%

Value estimate

· Sep 2026
$2.42M
$2.17M – $2.66M
AI approach$2.46M
Sales comparison$3.30M
NOI build-up
Gross scheduled income$160k
Vacancy & credit loss−$35k
Operating expenses−$31k
NOI · 2.37% cap applied$94k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$556/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$311 – $742
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2.37%
$94k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LIT
ones. 35.20 Permitted Uses. 35.30 Density/Dimensions. 35.40 Development Standards. 40 Industrial Zones 40.05 User Guide. 40.05.010 Applic...
General categoryINDUSTRIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop11.3
Tailor Shop10.4
Wholesale Shop10.3

Location

720 8Th Ave Kirkland, WA 98033
County assessor Recorded deeds · 10 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
406 Market, Kirkland, WA 98033-6135 $3,350,000 Jul 2025 4,987 SF
10420 37th, Kirkland, WA 98033-7924 $2,650,000 Jan 2025 3,520 SF
10519 38th, Kirkland, WA 98033-7926 $2,800,000 Apr 2024 3,888 SF
10501 38th, Kirkland, WA 98033-7900 $2,900,000 Mar 2024 3,888 SF
10408 37th, Kirkland, WA 98033 $5,200,000 Jul 2023 3,888 SF
10406 37th, Kirkland, WA 98033-7924 $5,200,000 Jul 2023 3,520 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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