Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    158 1St Pl NW Issaquah, WA 98027

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,450,000

    Unique 2,490 SF retail office with historic charm.

    Property size:
    2,490 SF

    Property Features for 158 1St Pl NW

    General Information

    Standard status
    Active
    Size
    2,490 SF

    Building Details

    Year built
    1927

    We can help!

    Listing Contact
    Steve Pelluer
    Source: Corcoran

    Listing Agent: Steve Pelluer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Charming Retail Office in Issaquah

    This unique 2,490 SF retail office is located in downtown Issaquah. Constructed in 1927 and renovated over the years, the building maintains its original character. It is situated on a 5,445 SF lot and includes six on-site parking stalls. The property is zoned CBD and is easily accessible from I-90. It is ideal for boutique users or professional services. A quiet, private outdoor area provides a valuable amenity. Located just behind Front Street, the property offers excellent walkability and visibility while remaining set back from heavy traffic. It is well-suited for owner-users looking for a character-rich space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.0370757
    Latitude
    47.5320639

    Nearby Similar for Sale

    • Contact for pricing
      51,688 SF

      Issaquah Assisted Living Redevelopment Opportunity

      51,688 SF assisted living on 4.59 acres in Issaquah.
      780 NW Juniper St, Issaquah, WA 98027
      View Details
    • $4,100,000
      9,240 SF

      Issaquah Retail/Office Building For Sale

      Retail and office building in the heart of Olde Town Issaquah.
      170 Front St N, Issaquah, WA
      View Details
    • $4,650,000

      Issaquah Office Building For Sale

      Office building with long-term tenant and owner-user opportunity in Issaquah.
      185 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $3,000,000
      2,812 SF

      Updated Building Near Downtown Issaquah

      Updated building near I-90, suitable for various commercial purposes.
      26729 76Th Pl, Issaquah, WA 98027
      View Details
    • $799,800

      Charming Home Backing Berntsen Park

      Inviting home in Olde Town Issaquah near parks and amenities.
      330 NW Holly St, Issaquah, WA 98027
      View Details
    • $5,250,000
      2,032 SF

      Issaquah Class A Office Space

      High-quality office space with flexible configurations and convenient access.
      975 5Th Ave NW, Issaquah, WA 98027
      View Details
    • $5,250,000

      Class A Office Property Issaquah

      High-end, flexible office space suitable for professional or medical use.
      975 5Th Ave NW, Issaquah, WA 98027
      View Details
    • $5,500,000

      Issaquah Two-Story Commercial Building

      8,289 SF two-story building suitable for owner/user or investment.
      320 3Rd Ave Northeast, Issaquah, WA 98027
      View Details
    • $1,550,000

      Downtown Office Building For Sale

      2,350 SF office building in prime downtown location.
      375 1St Pl NW, Issaquah, WA 98027
      View Details
    • $5,500,000

      Two-Story Building in Issaquah

      8,289 SF building suitable for daycare, school, or church.
      320 3Rd Ave NE, Issaquah, WA 98027
      View Details
    • $1,950,000

      New Flex/Warehouse/Office Space

      New construction flex/warehouse/office space with warm shell complete.
      14497 Cedar Grove Rd SE, Issaquah, WA 98027
      View Details
    • $1,950,000

      New Flex/Warehouse/Office Space For Sale

      New construction flex/warehouse/office space with roll-up doors.
      14497 Cedar Grove Rd SE Issaquah, Issaquah, WA 98027
      View Details

    FAQs

    What type of property is this?
    Retail space - Unique 2,490 SF retail office with historic charm.
    Where is this retail space located?
    The property is located at 158 1St Pl NW Issaquah, WA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Prime downtown Issaquah location offering excellent walkability and visibility.; - Unique, character-rich building blends historic charm with modern functionality.; - Six on-site parking stalls.
    Request Owner's contact information
    158 1St Pl NW Issaquah, WA 98027
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    158 1St Pl NW
    Issaquah, WA 98027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    158 1St Pl NW Issaquah, WA 98027
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Pelluer
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.