Back to Search
Property profile & analytics
OFF-MARKET
Banks
1485 11th NW Ave Issaquah, WA 98027-8109
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0984291
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
11,040 SF
Lot
1.04 ac (45,135 SF)
Zoning code
UC
APN
355750-0190
UPID
US90-0984291
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
Gerks Property LLC · 8 yrs held
Gerks Property LLC
since 2017
7 recorded transactions
Zoning & alternative use
UC · 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
$25,574
Tax year 2022
Assessed value
$3,371,200
Assessed 2022
Previous assessed
$3,371,200
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,263,700
Assessed improvement
$2,107,500
Land market value
$1,263,700
Improvement market value
$2,107,500
Total market value
$3,371,200
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
2
Total area
11,040 SF
Lot
1.04 ac (45,135 SF)
Zoning code
UC
APN
355750-0190
UPID
US90-0984291
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Issaquah, WA
Zoning UC · permitted uses
UC · 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
1998
Construction
STEEL FRAME
Heating
GAS
Cooling
Yes
Stories
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Gerks Property LLC
Entity
Mailing address
8501 SE 71ST ST, MERCER ISLAND, WA 98040-5410
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2021
—
Gerks Property LLC
—
Deed
related
$1,262,600 · 1st Security Bank Of Washington
Sep 13, 2017
—
Gerks Property LLC
—
Deed
related
$2,161,843 · First Sec Bk
Aug 31, 2017
$4,285,000
Gerks Property LLC
Retail Center LLC
Warranty Deed
$3,891,317 · First Sec Bk/wa
Sep 30, 2015
$3,000,000
Retail Center LLC
Harborstone Cu
Warranty Deed
$2,790,000 · Credit Union Svcs Group LLC
Jul 21, 1997
—
Pickering 2 Associates LLC
—
Grant Deed
related
$630,000 · Us Bank
Mar 29, 1996
$1,883,370
King County Cu
Wesbild Fsi INC
Grant Deed
related
—
Aug 4, 1994
$1,330,380
Wesbild Fsi INC
I-90 Associates
Grant Deed
—
Jul 14, 1994
$1,494,210
Issaquah Olympic Properties
I-90 Associates
Grant Deed
—
—
—
Gerks Property LLC
—
Deed Of Trust
related
$2,161,843 · First Sec Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1485 11th NW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
