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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Retail space
1730 Newport NW Way Issaquah, WA 98027-5354
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0694928
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
WOOD
Total area
2,080 SF
Lot
0.39 ac (17,100 SF)
Zoning code
UC
APN
292406-9065
UPID
US90-0694928
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
$805k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$785k
Owner & transaction history
Gaofeng Zhang · 5 yrs held
Gaofeng Zhang
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
UC · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+30.0%
Auto repair, garage
$955,000
+17.0%
Office building
$915,000
+12.0%
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
$740,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
RETAIL STORES
$815,000
Current use
COMMERCIAL (GENERAL)
$1,060,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$955,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$820,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $800k (Apr 15 2021)
Last sale anchor
$800k
Apr 15 2021
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
$377 / 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
$5,211
Tax year 2022
Assessed value
$685,000
Assessed 2022
Previous assessed
$685,000
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$684,000
Assessed improvement
$1,000
Land market value
$684,000
Improvement market value
$1,000
Total market value
$685,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
ELECTRIC
Stories
1
Bathrooms
1
Total area
2,080 SF
Lot
0.39 ac (17,100 SF)
Zoning code
UC
APN
292406-9065
UPID
US90-0694928
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
RETAIL STORES Current
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
OFFICE BUILDING
Est. value
$915,000
MEDICAL BUILDING
Est. value
$820,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1949
Construction
WOOD
Heating
ELECTRIC
Stories
1
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Gaofeng Zhang
Individual
Mailing address
24411 35TH AVE S, KENT, WA 98032-1524
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
$800,000
Gaofeng Zhang
Xuan Zhai
Warranty Deed
$480,000 · American Continental Bank
Sep 4, 2018
$750,000
Xuan Zhai
Joe Chih Hao Liu
Warranty Deed
—
Sep 4, 2018
—
Xuan Zhai
Qing Xia
Quit Claim Deed
related
$600,000 · Eagle Home Mortgage LLC
May 14, 2004
$329,000
Joe C Liu
Reid,thomas H & Janice A
Grant Deed
$263,000 · Hsbc Mortgage Corp (usa)
Sep 26, 1991
$137,500
Thomas H Reid
Reid,janice E&ge
Grant Deed
related
$110,000 · Firemans Fund Mortgage Corp
—
—
Thomas H Reid
—
Deed Of Trust
related
$114,000 · Columbia First Servi
—
—
Janice E Reid
—
Deed Of Trust
related
$15,163 · Washington School Employees Cu
—
—
Thomas H Reid
—
Deed Of Trust
related
$135,000 · Washington Mutual Fsb
—
—
O B Issaquah Properties LLC
—
Deed Of Trust
related
$1,600,000 · Us Bank NA
—
—
Thomas H Reid
—
Deed Of Trust
related
$164,000 · Mortgage Master Service Corp
—
—
Thomas H Reid
—
Deed Of Trust
related
$142,500 · Mortgage Master Service Corp
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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