New Flex/Warehouse/Office
14497 Cedar Grove Rd SE Issaquah, WA 98027
For Sale
Contact for pricing
New construction flex/warehouse/office space with warm shell complete.
Property Size6,144 SF
Lot Size4.90 Acres
Price / SF$317.38
Days on Market432
Property Features for 14497 Cedar Grove Rd SE
General Information
Standard status
Active
Size
6,144 SF
Lot size
4.90 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield
(425) 455-4500
Listed By:
Brian Toy
(425) 455-4500
Source:
Moodyscre
Added: May 22, 2025
Changed: Jul 6
Last Checked: Jul 22 at 4:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield
Investment Insights
Based on property information with market context.
This property offers a rare opportunity with its flex, warehouse, and office space. It features brand new construction with a warm shell complete. The total area is 6,144 square feet. The property includes three oversized grade roll-up doors and build-to-suit office improvements. It is suitable for a small shop or storage.
Key Highlights
- Brand new construction
- 6,144sf total
- Rare flex/whse/office product
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.2k | $36.00 |
| − Vacancy | −$48.4k | −$7.88 |
| EGI | $172.7k | $28.12 |
| − OpEx | −$43.2k | −$7.03 |
| NOI | $129.6k | $21.09 |
6,144 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,559 @ 7.0% cap · market cap 6.64%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $88,207 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,258 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - New construction flex/warehouse/office space with warm shell complete.
Where is this flex space located?
The property is located at 14497 Cedar Grove Rd SE Issaquah, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Brand new construction; 6,144sf total; Rare flex/whse/office product
