12215 NE 128th St, Kirkland, WA 98034

Commercial · Kirkland · Seattle-Bellevue metro, WA

Imagery suggests: suburban office complex, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 99 reachable commercial buildings in Kirkland. Larger than 86% of commercial buildings in Kirkland (median 26,541 SF), derived from assessor records.

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Building size: 107,128 SF, King County Assessor
Lot size: 189,490 SF, King County Assessor
Year built: 1978, King County Assessor
Stories: 3, King County Assessor
Predominant use: Il, Al, King County Assessor
Units: 146, King County Assessor
Assessed value: $16,256,200, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $151.75/SF, derived from assessor records
Lot coverage: 57%, derived from assessor records
Vintage: 1970s vintage
Zoning: PR 1.8, King County
County use code: Retirement Facility
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

12039 NE 128th St, Kirkland · 0.1 mi · 293,384 SF · built 2008
12040 NE 128th St, Kirkland · 0.2 mi · 1,684,334 SF · built 2006
12822 124th Ln NE, Kirkland · 0.2 mi · 20,320 SF · built 1991
12204 NE 124th St, Kirkland · 0.3 mi · 36,281 SF · built 1982 · assessed $371.41/SF
12127 NE 132nd St, Kirkland · 0.3 mi · 16,787 SF · built 2024
12321 120th Pl NE, Kirkland · 0.4 mi · 49,260 SF · built 1989 · assessed $443.29/SF

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Sale history and market context

MakeMe Estimate: $19,853,163 (estimated market value), with a likely range of $16,823,529 to $24,020,435 (half of recent verified sales in this segment landed inside that range). Based on 33 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2017-02-27 for $12,996,000 (recorded arm's-length sale).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

2017-02-27: $12,996,000 from Kirkland Partners LLC to VTR Madison House LLC, rec. 20170228001837

2014-03-31: $12,500,000 from Totem Lake Partners LLC to Kirkland Partners LLC, rec. 20140331000267

2008-07-16: transfer from Totem Lake Associates LP to Totem Lake Partners LLC (non-market transfer), rec. 20080717000829

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 $13,000,000 (2011) to $16,256,200 (2026), up 25% over 15 years, per county tax rolls. The 2026 roll splits $16,256,200 into $6,632,100 land and $9,624,100 improvements.

Zoning: PR 1.8 (per King County)

Lot: 189,490 sq ft

Rated views: Territorial

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Senior Citizen) 107,128 SF (county building sections)

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

Permit history

2020-06-24: Plumbing, declared value $95,000 (Screened), permit PMF19-04227

2019-08-06: Electrical, declared value $70,000 (Screened), permit EMF19-06194

2019-06-27: Plumbing, declared value $95,000 (Screened), permit PMF19-04230

2019-03-01: Building, New, declared value $630,000 (Screened), permit BMF19-00723

2019-02-01: Other, declared value $90,000 (Complete), permit BMF19-00719

2018-12-14: Other, declared value $6,665 (Complete), permit MNR18-08775

2017-07-17: Building, New, declared value $1,037,498 (Screened), permit EMF16-03605

2017-05-03: Building, New, declared value $12,470,000 (Complete), permit BMU16-01242

2017-05-03: Building, New, declared value $620,000 (Screened), permit PMU16-03204

2017-05-03: Building, New, declared value $400,000 (Screened), permit MMU16-03203

Source: King County permit records (newest first).