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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Assisted living facilities
8045 120th NE Ave Kirkland, WA 98033-5359
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2892043
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2020
Construction
WOOD
Total area
19,508 SF
Lot
0.35 ac (15,313 SF)
Zoning code
RM 3.6
APN
123310-0172
UPID
US90-2892043
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
-
New Bethlehem Programs Social Service Agency
-
New Bethlehem Place Association / Organization
-
New Bethlehem Project Association Or Organization
-
Kirkland Place For Families And Women Charitable Organization Social Service Agency
-
The Sophia Way - Helen's Place (Shelter) Crisis Center Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.72M
Owner & transaction history
Catholic Community Services Of West · 5 yrs held
Catholic Community Services Of West
since 2021
5 recorded transactions
Zoning & alternative use
RM 3.6 · 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
$139 / 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
$1,157
Tax year 2022
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
CENTRAL
Stories
2
Total area
19,508 SF
Lot
0.35 ac (15,313 SF)
Zoning code
RM 3.6
APN
123310-0172
UPID
US90-2892043
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM 3.6 · Kirkland, WA
Zoning RM 3.6 · permitted uses
RM 3.6 · 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
2020
Construction
WOOD
Heating
CENTRAL
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Catholic Community Services Of West
Individual
Mailing address
100 23RD AVE S, SEATTLE, WA 98144-2302
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2021
—
Catholic Community Services Of West
—
Deed
related
$1,679,406 · City Of Bellevue
Oct 10, 2019
—
Catholic Cmnty Svcs Of Wstn Wa
—
Deed
related
$2,350,000 · Miscellaneous Govt Agcy
Jun 10, 2019
—
Catholic Cmnty Svcs Of Wstn Wa
—
Deed
related
$1,504,406 · Miscellaneous Govt Agcy
—
—
Catholic Cmnty Svcs Of Wstn Wa
—
Deed Of Trust
related
$1,504,406 · Miscellaneous Govt Agcy
—
—
Catholic Cmnty Svcs Of Wstn Wa
—
Deed Of Trust
related
$2,350,000 · Miscellaneous Govt Agcy
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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