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Property profile & analytics
OFF-MARKET
Turn key restaurants
89 Kirkland Ave Kirkland, WA 98033-6420
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1504373
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,740 SF
Lot
0.07 ac (2,886 SF)
Zoning code
CBD 2
APN
082505-9099
UPID
US90-1504373
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
-
RockCreek Seafood and Spirits Restaurant
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
Webb Building LLC · 6 yrs held
Webb Building LLC
since 2019
7 recorded transactions
Zoning & alternative use
CBD 2 · 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
$14,213
Tax year 2022
Assessed value
$1,883,400
Assessed 2022
Previous assessed
$1,883,400
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$577,200
Assessed improvement
$1,306,200
Land market value
$577,200
Improvement market value
$1,306,200
Total market value
$1,883,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Total area
7,740 SF
Lot
0.07 ac (2,886 SF)
Zoning code
CBD 2
APN
082505-9099
UPID
US90-1504373
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD 2 · Kirkland, WA
Zoning CBD 2 · permitted uses
CBD 2 · 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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Webb Building LLC
Entity
Mailing address
405 LK ST S, KIRKLAND, WA 98033-6494
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
Webb Building LLC
—
Deed
related
$3,600,000 · Kitsap Bank
Apr 15, 2021
—
Webb Building LLC
—
Deed
related
$897,500 · Kitsap Bank
Mar 15, 2021
—
Webb Building LLC
—
Deed
related
$1,500,000 · Kitsap Bank
Sep 25, 2019
$1,675,000
Webb Building LLC
Herzog,linda C
Grant Deed
—
Sep 25, 2019
$105,000
Webb Building LLC
J A B INC
Warranty Deed
—
Apr 12, 2017
—
Linda C Herzog
Herzog,william A
Affidavit Of Death
related
—
Nov 6, 2015
—
Jab INC
Miller,noele
Quit Claim Deed
related
—
Jul 7, 2011
—
Noele Miller
Jab INC
Quit Claim Deed
related
—
—
—
George E Miller
—
Deed Of Trust
related
$500,000 · Bettylu K Miller
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.
Try Rey
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