11250 Kirkland WayKirkland, WA 668698

  • Office properties
  • 62,308 SF
For Lease
$35/SF/YR View listing

Property Details for 11250 Kirkland Way

Year built
2000
Construction
WOOD
Lot size
1.08 AC
Property size (Sq ft)
62,308 SF
Zone code
LIT
Property type
Office properties
Property subtype
Office buildings
APN
123510-0024
APU
1235100024

Description

This Class A, four-story office building, totaling 30,047 square feet, is situated on a 1.08-acre lot in the heart of Kirkland, Washington. Built in 2000, the property boasts a highly visible location with stunning views of Downtown Kirkland, Lake Washington, and the Olympic Mountains. The building offers convenient access to NE 85th St and is within one block of I-405, providing easy access to major transportation routes. The surrounding area offers abundant shopping and dining options. This traditional office space features 760 square feet of immediately available space within a multi-tenant building. Ample parking is available with a 3.6:1,000 ratio, including free surface parking and two levels of covered parking. The building is equipped with elevators and fiber optics. Recent upgrades (2019) include lobby and common area improvements. Monument signage is available on NE 85th St. The property is zoned NMU and its King County APN is 123510-0024. This is an exceptional opportunity to lease office space in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $16,876,454
    6.5%
    $15,578,264
    7%
    $14,465,531
  • Comparable approach

    Method
    Valuation
    Relative Method
    $18,316,200
    Geo Method
    $11,999,275
  • Alternative Use

    Use
    Valuation
    Residential
    $19,317,048
    Hospitality
    $17,694,312
    Educational
    $14,721,460
    Medical
    $15,227,754
    Retail
    $22,900,048
11250 Kirkland Way, Kirkland, Washington

Location Insight

City
Kirkland
County
King
State
Washington
Latitude
47.6787
Longitude
-122.189
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$104,850
$3,055,300
$10,730,100
$13,785,400
-
$3,055,300
$10,730,100
$13,785,400

FAQs

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