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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Commercial real estate
940 6th S St Kirkland, WA 98033-6712
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-1417419
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
WOOD
Total area
3,824 SF
Lot
0.16 ac (7,179 SF)
Zoning code
HENC 3
APN
082505-9063
UPID
US90-1417419
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
-
Bella Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Houghton Properties LLC · 23 yrs held
Houghton Properties LLC
since 2003
6 recorded transactions
Zoning & alternative use
HENC 3 · 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%
$1,065,000
6.5%
$985,000
7%
$915,000
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$225 / 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
$10,149
Tax year 2022
Assessed value
$1,304,900
Assessed 2022
Previous assessed
$1,304,900
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$466,600
Assessed improvement
$838,300
Land market value
$466,600
Improvement market value
$838,300
Total market value
$1,304,900
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
3,824 SF
Lot
0.16 ac (7,179 SF)
Zoning code
HENC 3
APN
082505-9063
UPID
US90-1417419
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HENC 3 · Kirkland, WAZoning HENC 3 · permitted uses
HENC 3 · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Houghton Properties LLC
Entity
Mailing address
934 6TH ST S STE #200, KIRKLAND, WA 98033-6735
Ownership since
2003
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
Jul 31, 2020
—
Houghton Properties LLC
—
Deed
related
$480,000 · Washington Fed'l Bk
Jun 6, 2003
$833,000
Houghton Properties LLC
Bensel,tr
Grant Deed
—
—
—
Houghton Properties LLC
—
Deed Of Trust
related
$480,000 · Washington Fed'l Bk
—
—
Earl D Bensel
—
Deed Of Trust
related
$2,000,000 · Frontier Bank Trustee
—
—
Houghton Properties LLC
—
Deed Of Trust
related
$250,000 · Horizon Bank
—
—
Houghton Properties LLC
—
Deed Of Trust
related
$25,000 · Horizon Bank
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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