Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Issaquah Retail Space For Rent Title is generated by Realmo AI

    240 Northwest Gilman Boulevard, Issaquah, WA 98027

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in premier Issaquah location, 3469 square feet.

    Type:RETAIL
    Property size:
    3,469 SF
    Lot size:
    1.59 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    213
    Last Refresh:
    Apr 5 at 8:06 pm

    Property Features for 240 Northwest Gilman Boulevard

    General Information

    Standard status
    Active
    Size
    3,469 SF
    Lot size
    1.59 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 240 Northwest Gilman Boulevard Contact us

    We can help!

    Listing Contact
    Tori Herman
    Tori Herman

    Listing agent Tori Herman License #114877

    Listing office Pacific Asset Advisors, Inc

    Listing date Nov 3, 2025

    Source Moodyscre

    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 Pacific Asset Advisors, Inc

    HighLights

    • Premier location in the Heart of Issaquah
    • Close proximity to Costco Headquarters
    • Close proximity to Target, Hobby Lobby, Trader Joe's and more
    • Designated retail parking

    Overview

    This retail space is located in the heart of Issaquah. The property offers designated retail parking. It is situated in close proximity to Target, Hobby Lobby, Trader Joe's, and Costco Headquarters. The property offers 3469 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.0399603
    Latitude
    47.5407952

    Nearby Similar for Lease

    • Sponsored
      $129-$6,746/Mo
      11-1,292 SF

      WA, Issaquah - NE Gilman Blvd

      371 Gilman Blvd 1Rst, Unit ISSAQUAH, Issaquah, WA 98027
      View Details
    • $114 SF/Yr
      908 SF

      Retail Space in Gilman Village

      Retail space in a busy mixed-use shopping center.
      317 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $35 SF/Yr
      6,823 SF

      Class A Office Building

      Five-story Class A office building with high visibility.
      22833 Southeast Black Nugget Road, Issaquah, WA, 98029
      View Details
    • $5,548/Mo
      1,513 SF

      Medical Office Space in Issaquah

      Medical office space with procedure and exam rooms available for rent.
      1505 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $19,560/Mo
      5,216 SF

      Retail Space in Meadows Center

      Retail space in active commercial corridor with high visibility.
      1180 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $3,985/Mo
      1,449 SF

      Sammamish Plateau Office Space

      Office space with abundant natural light in Sammamish Plateau.
      3717 Providence Point Dr SE, Issaquah, WA 98029
      View Details
    • $3,250/Mo
      1,000 SF

      Turnkey Salon Space in Issaquah

      Salon space in downtown Issaquah with shared parking.
      108 Front St N, Issaquah, WA 98027
      View Details
    • $2,683/Mo
      1,533 SF

      Retail Space in Mixed-Use Center

      Retail space available in a mixed-use center with parking.
      317 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $3,249/Mo
      1,114 SF

      Medical Clinic Space Available

      Fully built-out clinic space with exam rooms, available this July.
      6520 226th Pl SE, Issaquah, WA 98027
      View Details
    • $740/Mo
      2,961 SF

      Retail Space in Gilman Village

      Combined retail space with entrances from Gilman Village and Gilman Blvd.
      317 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $35 SF/Yr
      9,211 SF

      Class A Office Building

      Issaquah office space with freeway access and nearby amenities.
      1180 Northwest Maple Street, Issaquah, WA, 98027
      View Details
    • $3,925/Mo
      1,624 SF

      Second Floor Office Space Available

      Second floor office space featuring private offices and a balcony.
      22530 64th Pl, Issaquah, WA 98027
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in premier Issaquah location, 3469 square feet.
    Where is this retail space located?
    The property is located at 240 Northwest Gilman Boulevard Issaquah, WA.
    What are key features of this property?
    This property features: Premier location in the Heart of Issaquah; Close proximity to Costco Headquarters; Close proximity to Target, Hobby Lobby, Trader Joe's and more
    (425) 990-6200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tori Herman
    Tori Herman
    Real Estate License ID: 114877
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    240 Northwest Gilman Boulevard, Issaquah, WA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!