New search
Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Distribution centers
835 7th Ave, Kirkland, WA 98033-5780
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US90-0177718
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,700 SF
Lot
0.3 ac (13,200 SF)
Zoning code
LIT
APN
388690-1170
UPID
US90-0177718
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
-
Kirkland Dance Center Training Center
-
Advance Laser Solutions Electronics & Wireless Store
-
Maxfit7 Gym & Fitness Center
-
Haley Prendergast School of Irish Dance Training Center
-
Song Scout Productions DJ & Entertainment Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$915k
Owner & transaction history
835 7th Ave LLC · 24 yrs held
835 7th Ave LLC
since 2002
6 recorded transactions
Zoning & alternative use
LIT · 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
$119 / 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
$14,123
Tax year 2022
Assessed value
$1,732,500
Assessed 2022
Previous assessed
$1,732,500
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$462,000
Assessed improvement
$1,270,500
Land market value
$462,000
Improvement market value
$1,270,500
Total market value
$1,732,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Bathrooms
0
Total area
7,700 SF
Lot
0.3 ac (13,200 SF)
Zoning code
LIT
APN
388690-1170
UPID
US90-0177718
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LIT · Kirkland, WA
Zoning LIT · permitted uses
LIT · 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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Bathrooms
0
Lot
0.3 ac
Current owner
From public records · entity-resolved
835 7th Ave LLC
Entity
Mailing address
835 7TH AVE, KIRKLAND, WA 98033-5780
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
—
835 7th Ave LLC
—
Deed
related
$800,000 · Bank Of The West
Jan 9, 2002
$1,340,000
835 7th Ave LLC
Mcleod,john A & Cheryl A
Grant Deed
$1,158,975 · First Mutual Bank
Nov 30, 1995
$545,000
John A Mcleod
Mcleod,stuart M
Grant Deed
related
$490,500 · Redmond National Bank
Jun 1, 1988
$75,000
Stuart M Mcleod
Dennehy,elsie
Grant Deed
$56,250 · Dennehy Elsie
—
—
835 7th Ave LLC
—
Deed Of Trust
related
$800,000 · Bank Of The West
—
—
835 7th Ave LLC
—
Deed Of Trust
related
$489,000 · Evergreen Community Dev Assn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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