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Property profile & analytics
OFF-MARKET
Commercial real estate
8034 118th NE Ave Kirkland, WA 98033-8031
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2192735
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1947
Construction
WOOD FRAME
Total area
1,920 SF
Lot
0.81 ac (35,311 SF)
Zoning code
RH 2C
APN
123310-0155
UPID
US90-2192735
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
11845 Investments LLC · 3 yrs held
11845 Investments LLC
since 2023
7 recorded transactions
Zoning & alternative use
RH 2C · 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
—
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
$11,762
Tax year 2022
Assessed value
$1,553,600
Assessed 2022
Previous assessed
$1,553,600
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,553,600
Land market value
$1,553,600
Total market value
$1,553,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1947
Construction
WOOD FRAME
Heating
RADIANT
Stories
1
Bathrooms
1
Total area
1,920 SF
Lot
0.81 ac (35,311 SF)
Zoning code
RH 2C
APN
123310-0155
UPID
US90-2192735
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RH 2C · Kirkland, WAZoning RH 2C · permitted uses
RH 2C · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1947
Construction
WOOD FRAME
Heating
RADIANT
Stories
1
Bathrooms
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
11845 Investments LLC
Entity
Mailing address
11845 NE 85TH ST, KIRKLAND, WA 98033-8042
Ownership since
2023
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
Jul 17, 2023
—
11845 Investments LLC
Lmj Enterprises Limited Partnership
Quit Claim Deed
related
$30,000,000 · Symetra Life Insurance Co
Nov 6, 2020
—
Lmj Ents LP
—
Deed
related
—
Mar 5, 2020
—
Lmj Ents LP
—
Deed
related
$37,578,472 · Jp Morgan Chase Bk
Apr 13, 2018
—
Lmj Ents LP
—
Loan Modification
related
$12,000,000 · Chase Bk/md
Nov 27, 2017
—
Lmj Ents LP
—
Grant Deed
related
$19,578,472 · Jp Morgan Chase Bk
Sep 7, 2006
—
City Of Kirkland
Lmj Ents
Warranty Deed
—
Oct 8, 1996
$300,000
L M J Enterprises
Carlton,lynn
Grant Deed
—
—
—
Lmj Enterprises
—
Deed Of Trust
related
$250,000 · Kirkland Bank Commerce
—
—
Lmj Ents LP
—
Loan Modification
related
$37,578,472 · Jp Morgan Chase Bk
—
—
Lmj Ents LP
—
Deed Of Trust
related
—
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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