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    545 Rainier Blvd Issaquah, WA 98027

    Sponsored
    For Sale
    $3,600,000

    Prime Issaquah Office Building, High ROI

    Property size:
    9,117 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, 9,117 square foot executive office building at 545 Rainier Blvd N, Issaquah, WA 98027 presents a compelling owner/user or value-add investment opportunity. The three-story building, constructed in 1982 and extensively renovated in 2023, sits on a 15,200 square foot lot and boasts 29 units, currently 100% occupied. All tenants are on month-to-month leases, providing significant potential for future rent increases. The property features a new roof, private balconies, showers, a sauna, and ample parking with 25 spaces. Located in the heart of Issaquah's central business district (CBD), the building benefits from its proximity to numerous shops and restaurants. The asking price is $3,600,000, representing a pro-forma cap rate of 8.00% and a price per square foot of $394.87. This is a rare chance to acquire a fully leased, high-demand property with substantial upside potential in a thriving Issaquah location. The property's APN is 282406-9030. The gross lease structure ensures consistent income. This is a multi-tenant building with no credit rating required for tenants.

    Property Features for 545 Rainier Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,117 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1982/2023
    Buildings
    1
    Stories
    3
    Units
    29

    HighLights

    • 9,117 SF Class A office building in Issaquah, WA.
    • Three‑story building on a 15,200 SF lot, fully leased with 29 units, primarily month‑to‑month tenants.
    • Recently renovated (2023) with a new roof, private balconies, showers, sauna, and 25 parking spaces.
    • Located in Issaquah's central business district, offering proximity to shops and restaurants.
    • Asking price: $3,600,000, representing an 8.00% pro‑forma cap rate and $394.87/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.0377499
    Latitude
    47.5355767

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Issaquah Office Building, High ROI
    Where is this office property / space located?
    The property is located at 545 Rainier Blvd Issaquah, WA.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 9,117 SF Class A office building in Issaquah, WA.; Three-story building on a 15,200 SF lot, fully leased with 29 units, primarily month-to-month tenants.; Recently renovated (2023) with a new roof, private balconies, showers, sauna, and 25 parking spaces.
    (425) 450-1105
    Request Owner's contact information
    545 Rainier Blvd Issaquah, WA 98027
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    Issaquah, WA 98027
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    Realmo Value Estimation

    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.

    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.

    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
    545 Rainier Blvd Issaquah, WA 98027
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