Add Listing
    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

    5106 Lake Sammamish Parkway SE Issaquah, WA 98029

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,400,000

    Land available with an existing access easement.

    Type:Commercial
    Property size:
    25,447 SF
    Price / SF:
    $94/SF
    Added:
    Feb 19, 2025
    Days on Market:
    426
    Last Refresh:
    Apr 5 at 8:42 pm

    Property Features for 5106 Lake Sammamish Parkway SE

    General Information

    Standard status
    Active
    Size
    25,447 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1937

    We can help!

    Listing Contact
    STEVE PELLUER

    Listing agent STEVE PELLUER

    Listing office KIDDER MATHEWS

    Listing date Feb 19, 2025

    Source Corcoran

    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 KIDDER MATHEWS

    Overview

    Land with Existing Access Easement

    This land parcel, sized at 25447 square feet, is available for sale. The property is impacted by an existing access easement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.046
    Latitude
    47.5563

    Nearby Similar for Sale

    • $19,000,000
      44,343 SF

      Mixed-Use Building with Freeway Visibility

      Mixed-use building with signage and freeway visibility for sale.
      371 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $3,800,000
      5,252 SF

      5,252 SF Commercial Opportunity

      Versatile 5,252 SF property suitable for daycare, school, or church.
      300 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $1,950,000
      6,144 SF

      New Flex/Warehouse/Office Space

      New construction flex/warehouse/office space with warm shell complete.
      14497 Cedar Grove Rd SE, Issaquah, WA
      View Details
    • $850,000
      2,051 SF

      Office/Retail Condo Ready

      Office/Retail condo for sale, ready for improvements.
      14509 Cedar Grove Rd SE, Issaquah, Issaquah, WA 98027
      View Details
    • $4,400,000
      8,289 SF

      Issaquah Two-Story Commercial Building

      8,289 SF two-story building suitable for owner/user or investment.
      320 3rd Avenue Northeast, Issaquah, WA
      View Details
    • $1,200,000
      2,490 SF

      Charming Retail Office in Issaquah

      Unique 2,490 SF retail office with historic charm.
      158 1st Place NW, Issaquah, WA 98027
      View Details
    • $1,195,000

      Issaquah Office Space For Sale

      Office property for sale in Issaquah, Washington.
      390 E Sunset Way, Issaquah, WA 98027
      View Details
    • Contact for pricing
      21,500 SF

      Stand-alone Industrial Building I-90 Visibility

      21,500 SF industrial building with unmatched access and visibility.
      29700 SE High Point Way, Issaquah, WA
      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
    • $128,500

      Wildwood Lot on Squak Mountain

      Over 1/2 acre lot in Wildwood neighborhood.
      1317 Wildwood Boulevard SW #10, 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
    • $3,720,000
      4,407 SF

      Issaquah Specialty Property For Sale

      Specialty property in Issaquah, WA, totaling 4,407 square feet.
      765-785 Rainier Blvd N, Issaquah, WA
      View Details

    FAQs

    What type of property is this?
    Land - Land available with an existing access easement.
    Where is this land located?
    The property is located at 5106 Lake Sammamish Parkway SE Issaquah, WA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Land is impacted by an existing access easement; Year Built: 1937
    We can help!
    Listing Contact
    STEVE PELLUER
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!