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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Commercial land
815 6th St Kirkland, WA 98033-5653
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0921435
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1963
Construction
WOOD FRAME
Total area
7,244 SF
Lot
1.03 ac (45,000 SF)
Zoning code
LIT
APN
788260-0175
UPID
US90-0921435
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
$1.17M
Owner & transaction history
Srmkjvd LLC · 14 yrs held
Srmkjvd LLC
since 2011
7 recorded transactions
Zoning & alternative use
LIT · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ones. 35.20 Permitted Uses. 35.30 Density/Dimensions. 35.40 Development Standards. 40 Industrial Zones 40.05 User Guide. 40.05.010 Applicable Zones. 40.05.020 Common Code References. 40.10 General Regulations. 40.10.010 LIT Zones. 40.10.020 PLA 6G Zones. 40.20 Permitted Uses. 40.30 Density/Dimensions. 40.40 Development Standards. 45 Institutional Zones 45.05…
Zone name
Light Industrial Technology
General category
INDUSTRIAL
Zone area
63.07 ac
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
$161 / 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
$14,843
Tax year 2022
Assessed value
$1,485,000
Assessed 2022
Previous assessed
$1,485,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,485,000
Land market value
$1,485,000
Total market value
$1,485,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
RADIANT
Stories
2
Total area
7,244 SF
Lot
1.03 ac (45,000 SF)
Zoning code
LIT
APN
788260-0175
UPID
US90-0921435
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LIT · Kirkland, WAZoning LIT · permitted uses
LIT · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ones. 35.20 Permitted Uses. 35.30 Density/Dimensions. 35.40 Development Standards. 40 Industrial Zones 40.05 User Guide. 40.05.010 Applicable Zones. 40.05.020 Common Code References. 40.10 General Regulations. 40.10.010 LIT Zones. 40.10.020 PLA 6G Zones. 40.20 Permitted Uses. 40.30 Density/Dimensions. 40.40 Development Standards. 45 Institutional Zones 45.05 User Guide. 45.05.010 Applicable Zones. 45.05.020 Common Code References. 45.10 Ge
Zone name
Light Industrial Technology
General category
INDUSTRIAL
Zone area
63.07 ac
Building & site characteristics
From public records
Year built
1963
Construction
WOOD FRAME
Heating
RADIANT
Stories
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Srmkjvd LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2018
—
Srmikjvd LLC
—
Deed
related
$65,000,000 · Keybank USA
Aug 26, 2011
—
Srmkjvd LLC
Srmkjv LLC
Quit Claim Deed
$54,475,000 · Key Bank NA
Jun 14, 2007
—
Srmkjv LLC
—
Deed Of Trust
related
$57,900,000 · Key Bank NA
May 10, 2007
—
Srmkjv LLC
Srmk LLC
Quit Claim Deed
related
$1,500,000 · Commerce Bank Of Washington
Mar 30, 2007
—
City Of Kirkland
Srmk LLC
Grant Deed
related
—
Jul 15, 2005
—
Srmk LLC
Custom 1031 INC
Quit Claim Deed
related
—
Jun 29, 2005
—
Custom 1031 INC
Srmk LLC
Quit Claim Deed
related
—
May 13, 2005
$7,200,000
Srmk LLC
Sedorco Property Ptshp LLP
Grant Deed
—
Nov 4, 2004
—
Sedorco Property Ptshp LLP
Sedorco Property Ptshp
Quit Claim Deed
related
—
Dec 1, 1994
$3,800,000
Sedorco Property Partnership
Macdonald LP
Grant Deed
$3,300,000 · Seller
Oct 22, 1990
—
Macdonald Family Ltd Partns
Macdonald,clyde
Quit Claim Deed
related
—
—
—
Srmikjvd LLC
—
Deed Of Trust
related
$65,000,000 · Keybank USA
—
—
Srmkjv LLC
—
Deed Of Trust
related
—
—
—
Srmk LLC
—
Deed Of Trust
related
$3,000,000 · Commerce Bank Of Washington
—
—
Srmk LLC
—
Deed Of Trust
related
$3,000,000 · Commerce Bank Of Washington
—
—
Sedorco Property Partnership
—
Deed Of Trust
related
$3,300,000 · Commerce Bank Of Washington
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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