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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Bars & Pubs
9736 120th Pl Kirkland, WA 98034-4206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3044559
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,792 SF
Lot
0.61 ac (26,572 SF)
Zoning code
JBD 6
APN
302605-9274
UPID
US90-3044559
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
-
Sparrow Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$2.28M
Owner & transaction history
9736 Ne Kirkland LLC · 4 yrs held
9736 Ne Kirkland LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
JBD 6 · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+3.9%
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
$2,140,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,010,000
Current use
OFFICE BUILDING
$2,090,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,935,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,740,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±10% · vs last sale $2.40M (Jan 3 2022)
Last sale anchor
$2.40M
Jan 3 2022
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
$600 / 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
$17,961
Tax year 2022
Assessed value
$2,161,400
Assessed 2022
Previous assessed
$2,161,400
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,062,800
Assessed improvement
$1,098,600
Land market value
$1,062,800
Improvement market value
$1,098,600
Total market value
$2,161,400
Applied tax rate
1,806.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
3,792 SF
Lot
0.61 ac (26,572 SF)
Zoning code
JBD 6
APN
302605-9274
UPID
US90-3044559
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
JBD 6 · Kirkland, WAZoning JBD 6 · permitted uses
JBD 6 · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
9736 Ne Kirkland LLC
Entity
Mailing address
13555 NE BEL RED RD STE #232, BELLEVUE, WA 98005-2324
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Ne Kirkland LLC
—
Deed
related
$1,002,000 · Evergreen Business Capital
Jan 3, 2022
$2,400,000
9736 Ne Kirkland LLC
23con LLC
Warranty Deed
$2,367,152 · Coastal Community Bank
Jul 13, 2018
—
23con LLC
—
Deed
related
$945,000 · Unibank
May 10, 2018
$1,750,000
23 Con LLC
Juanita Bay Holdings LLC
Warranty Deed
$1,750,000 · Hana Small Busn Lndg
Jul 1, 2008
$900,000
Juanita Bay Holding LLC
Three Flag Point Invs LLC
Warranty Deed
$415,000 · Three Flag Point Invs LLC
Feb 19, 2008
—
Three Flag Point Invs LLC
Button,douglas C & Sharon M
Quit Claim Deed
related
—
Aug 30, 2001
—
Douglas C Button
Helen D Button Estate
Quit Claim Deed
related
—
Mar 26, 1998
$500,000
Helen D Button
Trapp,charles & Patricia
Grant Deed
$300,000 · Seller
—
—
Juanita Bay Holdings LLC
—
Loan Modification
related
$308,229 · Zaga Investment Co LLC
—
—
Douglas C Button
—
Deed Of Trust
related
$36,621 · Thomas R & Carolyn M Mcclain
—
—
23con LLC
—
Deed Of Trust
related
$945,000 · Unibank
—
—
Juanita Bay Holdings LLC
—
Deed Of Trust
related
$50,000 · Kekoa P Kuhia
—
—
Juanita Bay Holdings LLC
—
Deed Of Trust
related
$250,000 · Thomas K Schonhoff
—
—
Juanita Bay Holdings LLC
—
Deed Of Trust
related
$215,000 · Zaga Investment Co LLC
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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