Property profile

640 NW Gilman Blvd Issaquah, WA 98027

FOR LEASE
Office buildings
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Property ID
US90-1330970
12,140 SF 0.9 ac Built 1987
Last sale Aug 2019·$3,710,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A second-floor lab office suite located at 640 Gilman Blvd in Issaquah, Washington (98027). The space is configured for professional use and includes two restrooms, a kitchenette, and private office space. The suite can be leased together with first-floor suites 2 and 3, which would combine to approximately 8,704 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$29k
Tax billed · 2022
Assessed value$3.79M
Assessed land$774k
Assessed improvement$3.02M
Effective rate0.76%

Value estimate

· Nov 2026
$2.92M
$2.62M – $3.21M
NOI build-up
Gross scheduled income$298k
Vacancy & credit loss−$21k
Operating expenses−$69k
NOI$208k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$439/SF
Submarket average, outlier-cleaned · 142 recorded sales of this use type
Observed band · Q1–Q3$337 – $598

Cap rate analysis

How does the asset earn?
$208k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MU
Mixed-Use - MU and Mixed-Use - Central Issaquah. 1. These zones intend to create medium-density, low-intensity retail use areas. Permitte...
General categoryMIXED_USE
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.7
Barber Shop9.1
Shoe Repair8.6

Location

640 NW Gilman Blvd Issaquah, WA 98027
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
975 5th NW, Issaquah, WA 98027-2419 $5,150,000 Feb 2026 11,595 SF
195 Gilman, Issaquah, WA 98027-2940 $3,950,000 Oct 2024 8,376 SF
710 5th NW, Issaquah, WA 98027-2840 $1,699,191 Jul 2024 11,709 SF
1530 11th NW, Issaquah, WA 98027-5317 $6,400,000 Aug 2020 15,114 SF
22510 64th, Issaquah, WA 98027-5390 $5,325,000 Mar 2020 8,430 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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