12545 Totem Lake Blvd NE, Kirkland, WA 98034

NNN Retail · Kirkland · Seattle-Bellevue metro, WA

Imagery suggests: bank branch with drive-thru. 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 AI estimate from public imagery; may be outdated.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 149 reachable nnn retail buildings in Kirkland. Larger than 57% of nnn retail buildings in Kirkland (median 6,837 SF), derived from assessor records.

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Building size: 7,966 SF, King County Assessor
Lot size: 22,311 SF, King County Assessor
Year built: 1985, King County Assessor
Stories: 1, King County Assessor
Predominant use: Verizon, King County Assessor
Assessed value: $4,774,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $599.31/SF, derived from assessor records
Lot coverage: 36%, derived from assessor records
Vintage: 1980s vintage
Zoning: TL 2, King County
County use code: Retail(Line/Strip)
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.

11901 NE Village Plz, Kirkland · 0.1 mi · 182,078 SF · built 2017 · assessed $385.88/SF
12501 120th Ave NE, Kirkland · 0.1 mi · 43,016 SF · built 2017 · assessed $301.75/SF
12620 120th Ave NE, Kirkland · 0.1 mi · 1,112 SF · built 2020
12514 116th Ave NE, Kirkland · 0.2 mi · 4,586 SF · built 2017 · assessed $764.91/SF
12412 116th Ave NE, Kirkland · 0.2 mi · 1,798 SF · built 1970 · assessed $1,944/SF
12502 Totem Lake Blvd NE, Kirkland · 0.2 mi · 7,049 SF · built 2017 · assessed $464.87/SF

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Sale history and market context

MakeMe Estimate: $6,270,976 (estimated market value), with a likely range of $4,595,953 to $7,334,024 (half of recent verified sales in this segment landed inside that range). Based on 38 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2024 (about 2 years) per recorded transfers.

2024-03-13: $6,374,000 from 4943 River LLC to Loyal Stewards LLC (part of a 2-parcel sale; price is the whole deal), rec. 20240411000457

2017-11-03: $4,400,000 from High Risk Investments I LLC to 4943 River LLC (part of a 2-parcel sale; price is the whole deal), rec. 20171117001404

2 administrative transfers (no consideration), 1997 to 2004

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 $1,462,900 (2011) to $4,774,100 (2026), up 226% over 15 years, per county tax rolls. The 2026 roll splits $4,774,100 into $1,784,800 land and $2,989,300 improvements.

Zoning: TL 2 (per King County)

Lot: 22,311 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Line Retail 7,966 SF (county building sections)

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