Office/Retail Condo
14509 Cedar Grove Rd SE, Issaquah, WA 98027
For Sale
Contact for pricing
Office/retail condo offered in shell condition, ready for tenant improvements and demising.
Property Size2,051 SF
Price / SF$414.43
Days on Market532
Property Features for 14509 Cedar Grove Rd SE
General Information
Standard status
Size
Property subtype
Listing Agency:
Cushman & Wakefield
Listed By:
Brian Toy
(425) 455-4500
Source:
Moodyscre
Added: Jun 1, 2025
Changed: Nov 7
Last Checked: Nov 12 at 7:07AM
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
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Investment Insights
Based on property information with market context.
This office/retail condo suite is offered for sale in shell condition, providing a blank canvas for an owner-user or tenant improvements. The space is positioned as a flexible option for professional services such as insurance, CPA, attorney, dentist, or doctor, based on the configuration described in the offering.
The property is located at 14509 Cedar Grove Rd SE in Issaquah, WA. The condominium can be demised for additional income, which may support multiple layouts or separate occupancy as part of the buildout plan.
With the unit described as ready for improvements, the next steps typically include confirming desired fit-out scope and how demising would be handled to align with the intended use.
The property is located at 14509 Cedar Grove Rd SE in Issaquah, WA. The condominium can be demised for additional income, which may support multiple layouts or separate occupancy as part of the buildout plan.
With the unit described as ready for improvements, the next steps typically include confirming desired fit-out scope and how demising would be handled to align with the intended use.
Key Highlights
- Office/retail condo in shell condition, ready for tenant improvements
- Condominium can be demised for additional income
- Suitable uses noted: insurance, CPA, attorney, dentist, and doctor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,978
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,560
$979.6K
Cap Rate 7%
$699,686
$699.7K
Cap Rate 9%
$544,200
$544.2K
Market Conditions
NOI Build-Up for 2,051 SF
Gross rent
$70.1K $34.20/SF
− Vacancy
−$4.8K −$2.36/SF
EGI
$65.3K $31.84/SF
− OpEx
−$16.3K −$7.96/SF
NOI
$49.0K $23.88/SF
Area
King County, WA
Vacancy
6.90%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,560
Cap Rate 7%
$699,686
Cap Rate 9%
$544,200
Alternative Uses
Best Use
Office B
$699.7K
$612.2K – $816.3K
NOI $48,978 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
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Business Placement
Demographics for 98027, WA
29,089
Population
12,071
Households
2.4
Avg Household Size
41
Median Age
65%
College-Educated
97%
High-School Grad
57.2 sq mi
ZIP Area
509
Density / Sq Mi
$150,000
Median Household Income
$82,823
Median Earnings
$2,343
Median Rent
$976,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in King County, WA
Properties on Market for Office Units in King County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office/retail condo offered in shell condition, ready for tenant improvements and demising.
Where is this office unit 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: Office/retail condo in shell condition, ready for tenant improvements; Condominium can be demised for additional income; Suitable uses noted: insurance, CPA, attorney, dentist, and doctor
