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Property profile & analytics
OFF-MARKET
Commercial land
Kirkland, WA 98033
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-2448769
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.13 ac (5,671 SF)
Zoning code
LIT
APN
123510-0071
UPID
US90-2448769
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
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
Kirkland Way Storage LLC · 6 yrs held
Kirkland Way Storage LLC
since 2019
3 recorded transactions
Zoning & alternative use
LIT · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ones. 35.20 Permitted Uses. 35.30 Density/Dimensions. 35.40 Development Standards. 40 Industrial Zones 40.05 User Guide. 40.05.010 Applicable Zones. 40.05.020 Common Code References. 40.10 General Regulations. 40.10.010 LIT Zones. 40.10.020 PLA 6G Zones. 40.20 Permitted Uses. 40.30 Density/Dimensions. 40.40 Development Standards. 45 Institutional Zones 45.05…
Zone name
Light Industrial Technology
General category
INDUSTRIAL
Zone area
63.07 ac
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
$883
Tax year 2022
Assessed value
$82,500
Assessed 2022
Previous assessed
$82,500
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$82,500
Land market value
$82,500
Total market value
$82,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,671 SF)
Zoning code
LIT
APN
123510-0071
UPID
US90-2448769
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LIT · Kirkland, WAZoning LIT · permitted uses
LIT · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ones. 35.20 Permitted Uses. 35.30 Density/Dimensions. 35.40 Development Standards. 40 Industrial Zones 40.05 User Guide. 40.05.010 Applicable Zones. 40.05.020 Common Code References. 40.10 General Regulations. 40.10.010 LIT Zones. 40.10.020 PLA 6G Zones. 40.20 Permitted Uses. 40.30 Density/Dimensions. 40.40 Development Standards. 45 Institutional Zones 45.05 User Guide. 45.05.010 Applicable Zones. 45.05.020 Common Code References. 45.10 Ge
Zone name
Light Industrial Technology
General category
INDUSTRIAL
Zone area
63.07 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Kirkland Way Storage LLC
Entity
Free & Clear · 6 yrs held
Mailing address
11200 KIRKLAND WAY STE #360, KIRKLAND, WA 98033-3947
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2019
$75,000
Kirkland Way Storage LLC
Lake Ave LLC
Warranty Deed
—
Feb 27, 2018
—
Lake Ave LLC
Wolford,robert C
Quit Claim Deed
related
—
May 5, 1988
—
Robert C Wolford
Clarke,nancy
Quit Claim Deed
related
—
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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