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Property profile & analytics
OFF-MARKET
Estimated value
$5,045,000
Grocery and convenience stores
1540 Gilman Blvd Issaquah, WA 98027-5309
Entity Owned
35-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1449858
Property summary
AI-generated overview
This exceptional retail space, part of a 39,780 square foot strip center, is ideally situated at 1540 NW Gilman Blvd in Issaquah, Washington, 98027. Built in 1984, the property is zoned UC and boasts a King County APN of 5423200030. The available space totals 3,548 square feet within a multi-tenant building. The property benefits from its location in a vibrant community offering a blend of urban amenities and access to outdoor recreation. Nearby Gilman Village provides a charming atmosphere with shops and restaurants, while the Issaquah Alps offer hiking and biking trails. Convenient access to I-90 ensures easy connectivity to Seattle and Bellevue. This presents a unique opportunity for businesses seeking a balance of natural beauty and urban convenience. The property's strong location and ample space make it an attractive investment for a variety of retail uses.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,780 SF
Lot
0.57 ac (24,687 SF)
Zoning code
UC
APN
542320-0030
UPID
US90-1449858
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
$5.05M
Owner & transaction history
Investment Meadows · 35 yrs held
Investment Meadows
since 1990
3 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
$127 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$22,469
Tax year 2024
Assessed value
$2,616,500
Assessed 2023
Previous assessed
$2,616,500
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,110,900
Assessed improvement
$1,505,600
Land market value
$1,110,900
Improvement market value
$1,505,600
Total market value
$2,616,500
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
39,780 SF
Lot
0.57 ac (24,687 SF)
Zoning code
UC
APN
542320-0030
UPID
US90-1449858
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Investment Meadows
Entity
Mailing address
7325 166TH AVE NE STE F260, REDMOND, WA 98052-7708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2012
—
Investment Meadows
—
Deed Of Trust
related
$11,000,000 · Principal Life Insurance Co
Jun 26, 2002
—
Investment Meadows
—
Deed Of Trust
related
$11,100,000 · Lend Lease Mortgage Capital LP
Jul 20, 1990
$15,118
Investment Meadows
The Meadows
Grant 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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