12025 115th Ave NE, Kirkland, WA 98034

Small-Bay Industrial · Kirkland · Seattle-Bellevue metro, WA

One of 112 reachable small-bay industrial buildings in Kirkland. Larger than 57% of small-bay industrial buildings in Kirkland (median 18,725 SF), derived from assessor records.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Claim or manage this building

Building size: 22,944 SF, King County Assessor
Lot size: 50,625 SF, King County Assessor
Year built: 1987, King County Assessor
Stories: 2, King County Assessor
Predominant use: Hi-Tech Office/Assy, King County Assessor
Assessed value: $9,292,300, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $405/SF, derived from assessor records
Lot coverage: 45%, derived from assessor records
Vintage: 1980s vintage
Zoning: TL 10A, King County
County use code: High Tech/High Flex
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

12015 115th Ave NE, Kirkland · 0 mi · 34,230 SF · built 1987 · assessed $290.16/SF
11335 NE 122nd Way, Kirkland · 0.1 mi · 53,488 SF · built 1986 · assessed $336.96/SF
12020 113th Ave NE, Kirkland · 0.1 mi · 37,747 SF · built 1987 · assessed $310.22/SF
12112 115th Ave NE, Kirkland · 0.1 mi · 33,728 SF · built 1991 · assessed $329.18/SF
11430 NE 120th St, Kirkland · 0.1 mi · 18,310 SF · built 1989 · assessed $305.52/SF
12000 115th Ave NE, Kirkland · 0.1 mi · 17,636 SF · built 1989 · assessed $324/SF

Want to talk to the owner? makeme1031 delivers a private, principal-to-principal letter to the owner of record. We never publish the owner's identity or address.

Sale history and market context

MakeMe Estimate: $11,405,154 (estimated market value), with a likely range of $8,815,314 to $11,519,206 (half of recent verified sales in this segment landed inside that range). Based on 81 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2021-12-06 for $9,425,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-12-06: $9,425,000 from Lakha Properties Kirkland LLC to Four Peaks Investments INC, rec. 20211206001670

2007-03-29: $5,300,000 from G&I IV Kirkland LLC to Lakha Properties-Kirkland LLC, rec. 20070329001573

2006-05-24: $34,848,500 from Newtower Trust Company to G&I IV Kirkland LLC (part of a 6-parcel sale; price is the whole deal), rec. 20060524002232

1997-11-18: $14,942,000 from Totem Skyline Associates II to Riggs & CO (part of a 4-parcel sale; price is the whole deal), rec. 199711211029

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $3,269,700 (2011) to $9,292,300 (2026), up 184% over 15 years, per county tax rolls. The 2026 roll splits $9,292,300 into $2,531,200 land and $6,761,100 improvements.

Zoning: TL 10A (per King County)

Lot: 50,625 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Open Office 22,944 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2022-11-23: Plumbing, declared value $10,000 (Complete), permit PNR22-08804

2022-10-19: Electrical, declared value $46,104 (Complete), permit ENR22-07458

2022-10-18: Other, declared value $13,000 (Complete), permit FIR22-07252

2022-08-23: Remodel, declared value $485,203 (Complete), permit BNR22-00711

2019-05-17: Other, declared value $322,000 (Complete), permit MNR19-01167

Source: King County permit records (newest first).