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Property profile & analytics
OFF-MARKET
Estimated value
$13,780,000
Auto shops
1505 Newport NW Way Issaquah, WA 98027-8907
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1364634
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,680 SF
Lot
4 ac (174,240 SF)
Zoning code
UC
APN
292406-9002
UPID
US90-1364634
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
$15.46M
Blend (final)
Blend
$13.78M
Owner & transaction history
Housing Authority Of The County Of · 3 yrs held
Housing Authority Of The County Of
since 2023
Last sale
$14.0M
6 recorded transactions
Zoning & alternative use
UC · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.9M
+15.6%
Commercial (general)
$17.2M
+11.0%
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
Method
Estimation
Statistic approach
$13,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$15,460,000
Current use
RESTAURANT
$17,870,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,170,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$14,795,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$13,305,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$13,210,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,845,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$13.78M
Range $12.40M – $15.16M · ±10% · vs last sale $14.00M (Jan 4 2023)
Last sale anchor
$14.00M
Jan 4 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$409 / SF
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
$20
Tax year 2022
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
33,680 SF
Lot
4 ac (174,240 SF)
Zoning code
UC
APN
292406-9002
UPID
US90-1364634
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$15.5M
RESTAURANT
Est. value
$17.9M
COMMERCIAL (GENERAL)
Est. value
$17.2M
OFFICE BUILDING
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$13.3M
RETAIL STORES
Est. value
$13.2M
INDUSTRIAL (GENERAL)
Est. value
$12.8M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
4 ac
Current owner
From public records · entity-resolved
Housing Authority Of The County Of
Entity
Free & Clear · 3 yrs held
Mailing address
600 ANDOVER PARK W, TUKWILA, WA 98188-3326
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
—
Housing Authority Of The County Of
—
Deed
related
$10,000,000 · King County
Jan 4, 2023
$14,000,000
Housing Authority Of The County Of
Qwest Corporation
Bargain And Sale Deed
—
Jan 4, 2023
—
Housing Authority Of The County Of
Qwest Corporation
Quit Claim Deed
related
—
Jan 3, 2023
—
Housing Authority Of The County Of
Central Puget Sound Regional Transi
Quit Claim Deed
related
—
Aug 13, 2020
—
Vertical Bridge S 3 Assets LLC
—
Deed
related
—
Jun 30, 1994
$41,114
Issaquah City
Us West Communic
Quit Claim Deed
related
—
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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