Office/Retail Condo
14509 Cedar Grove Rd SE Issaquah, WA 98027
For Sale
$850,000
Office/Retail condo for sale, ready for improvements.
Property Size2,051 SF
Price / SF$414.43
Days on Market361
Property Features for 14509 Cedar Grove Rd SE
General Information
- Standard status
- Active
- Size
- 2,051 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2024
Listing Agency:
CUSHMAN & WAKEFIELD
(425) 455-4500
Listed By:
BRIAN TOY
Source:
Corcoran
Added: Jul 30, 2025
Changed: Jul 6
Last Checked: Jul 25 at 6:16AM
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 office/retail condominium, with a property size of 2051 square feet, is available for sale. The property is in shell condition, ready for improvements. It is suitable for various professional uses, including insurance, CPA, attorney, dentist, or doctor offices. The condominium can be demised for extra income.
Key Highlights
- Excellent location ideal for professional services such as insurance, CPA, attorney, dentist, or doctor.
- Opportunity for extra income through demising the condominium.
- Shell condition, ready for your customized improvements.
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 | $73.8k | $36.00 |
| − Vacancy | −$16.2k | −$7.88 |
| EGI | $57.7k | $28.12 |
| − OpEx | −$14.4k | −$7.03 |
| NOI | $43.2k | $21.09 |
2,051 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$617.8K
$540.6K – $720.8K
NOI $43,249 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$524.1K
$458.6K – $611.5K
NOI $36,690 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$821.5K
$718.8K – $958.4K
NOI $57,503 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Office/Retail condo for sale, ready for improvements.
Where is this office units located?
The property is located at 14509 Cedar Grove Rd SE Issaquah, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Excellent location ideal for professional services such as insurance, CPA, attorney, dentist, or doctor.; Opportunity for extra income through demising the condominium.; Shell condition, ready for your customized improvements.
