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Property profile & analytics
OFF-MARKET
Turn key restaurants
120 Gilman Blvd Issaquah, WA 98027-2407
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3280769
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Construction
WOOD
Total area
6,560 SF
Lot
0.89 ac (38,631 SF)
Zoning code
MU
APN
884350-0240
UPID
US90-3280769
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2 Lake Bellevue LLC · 7 yrs held
2 Lake Bellevue LLC
since 2018
7 recorded transactions
Zoning & alternative use
MU · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Issaquah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Issaquah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$24,090
Tax year 2022
Assessed value
$3,175,400
Assessed 2022
Previous assessed
$3,175,400
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,545,200
Assessed improvement
$1,630,200
Land market value
$1,545,200
Improvement market value
$1,630,200
Total market value
$3,175,400
Applied tax rate
1,405.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
6,560 SF
Lot
0.89 ac (38,631 SF)
Zoning code
MU
APN
884350-0240
UPID
US90-3280769
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Issaquah, WA
Zoning MU · permitted uses
MU · Issaquah, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Issaquah. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
2 Lake Bellevue LLC
Entity
Mailing address
1301 ALASKAN WAY, SEATTLE, WA 98101-2013
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2021
—
2 Lake Belle Vue LLC
—
Deed
related
$2,468,000 · Wells Fargo Bank NA
Dec 19, 2018
—
2 Lake Bellevue LLC
Joan I Griffith
Quit Claim Deed
related
$2,625,000 · Wells Fargo Financial National Bank
Dec 4, 2018
—
2 Lake Bellevue LLC
Griffith,hal
Warranty Deed
—
Nov 2, 2018
$3,400,000
Hal Griffith
King Of Anderson LLC
Warranty Deed
—
Aug 21, 2009
—
King Anderson LLC
King,william V III
Quit Claim Deed
related
$875,000 · Bank Of America
May 8, 2003
$1,262,000
William V King
120 Gilman Boulevard LLC
Grant Deed
$958,699 · 120 Gilman Boulevard LLC
Apr 20, 1999
$1,150,000
120 Gilman Boulevard LLC
Repass,fred M & Kathleen A
Grant Deed
—
Apr 14, 1989
$540,000
Fred M Repass
Schulli,charles
Grant Deed
$399,600 · Seller
—
—
Fred M Repass
—
Deed Of Trust
related
$770,000 · Enterprise Bank Of Bellevue
—
—
120 Gilman Blvd LLC
—
Deed Of Trust
related
$792,000 · Seafirst Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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