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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Office Spaces
8244 122nd NE Ave Kirkland, WA 98033-8017
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0677384
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
WOOD
Total area
12,525 SF
Lot
1.12 ac (48,725 SF)
Zoning code
PR 3.6
APN
123310-0300
UPID
US90-0677384
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
-
Listen and Talk Special Education Facility
-
Terrylandrea Miller Physician
-
Eastside Auto Licensing Department Of Motor Vehicles Driver And Vehicle Licensing Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$3.67M
Owner & transaction history
Lmj Enterprises Limited Partnership · 7 yrs held
Lmj Enterprises Limited Partnership
since 2019
4 recorded transactions
Zoning & alternative use
PR 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,485,000
6.5%
$3,220,000
7%
$2,990,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,750,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±10%
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
$293 / 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
$52,372
Tax year 2022
Assessed value
$6,575,600
Assessed 2022
Previous assessed
$6,575,600
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$2,679,800
Assessed improvement
$3,895,800
Land market value
$2,679,800
Improvement market value
$3,895,800
Total market value
$6,575,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
GAS
Cooling
AC.PACKAGE
Stories
2
Bathrooms
1
Total area
12,525 SF
Lot
1.12 ac (48,725 SF)
Zoning code
PR 3.6
APN
123310-0300
UPID
US90-0677384
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PR 3.6 · Kirkland, WA
Zoning PR 3.6 · permitted uses
PR 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$5.8M
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
1989
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Lmj Enterprises Limited Partnership
Entity
Mailing address
11845 NE 85TH ST, KIRKLAND, WA 98033-8042
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2019
—
Lmj Enterprises Limited Partnership
Td2 LLC
Warranty Deed
$4,845,000 · Coastal Community Bank
Jan 27, 2010
$2,505,000
Td2 LLC
Farmers Insurance Exchange
Warranty Deed
$1,900,000 · Us Bank NA
Jun 8, 1990
—
Farmers Insurance Exchange
Tjossem,robert P
Grant Deed
related
—
Mar 17, 1988
$480,000
Insur Exch Farmers
Tjossem
Grant Deed
—
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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