11232 120Th AveKirkland, WA 98033

Property Details for 11232 120Th Ave

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.83 AC

Property size (Sq ft)

28,005 SF

Zone code

TL 10E

Property type

Office buildings

APN

332605-9045

APU

3326059045

Description

This exceptional office property, located at 11232 120th Ave NE in Kirkland, WA 98033, offers a diverse range of spaces ideal for businesses of all sizes. Building A of the 405 Business Park comprises 28,005 square feet across two stories, boasting a blend of executive and traditional office layouts. Constructed in 1975 and extensively renovated in 2024, the building presents a modern and updated workspace. Currently, there are 16,880 square feet of vacant space available, divisible into units ranging from a minimum of 1,710 square feet to a maximum contiguous space of 3,901 square feet. The property features a total of five suites, providing flexibility for various business needs. While there are no loading docks, drive-ins, or elevators, ample parking is provided at a ratio of 3 spaces per 1,000 square feet. The building is classified as Class B and situated in the North Kirkland submarket, offering convenient access to local amenities and transportation. For tenants leasing 5,000 square feet or more, prominent 405 Building signage is available. This presents a unique opportunity to establish a strong brand presence in a thriving business community. The property is categorized as both Office and Industrial, and the subtypes include Executive Office, Traditional Office, and Storefront, making it suitable for a wide array of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,086,506

  6.5%

  $5,618,314

  7%

  $5,217,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,246,822

  Geo Method

  $5,393,203

• Alternative Use

  Use

  Valuation

  Residential

  $6,966,709

  Hospitality

  $6,381,468

  Educational

  $5,309,306

  Medical

  $5,491,902

  Retail

  $8,258,922

Location Insight

City

Kirkland

County

King

State

Washington

Latitude

47.7014

Longitude

-122.181

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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