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    179 1st SE Ave Issaquah, WA 98027-3824
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    Property profile & analytics

    179 1st SE Ave, Issaquah, WA 98027-3824

    View on Map
    • Showrooms
    • 0.13 lot acres
    Off-Market
    Property ID
    US90-1874535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 179 1st SE Ave

    Year built
    1966
    Lot size
    0.13 lot acres
    Zone code
    CF-F
    Property type
    Showrooms
    APN
    235430-0120
    APU
    2354300120

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 30, 2025 — Issaquah Food And Clothing Bank City Of Issaquah Warranty Deed —
    Jun 18, 2025 — City Of Issaquah Frank Castagno Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.035
    Latitude
    47.5287
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $19
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.66 Acres

      820 Juniper St

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    • Value Estimation
      $1,325,000
      5,800 SF

      80 Frnt N St

      RETAIL STORES (PERSONAL SERVICES)
      80 Frnt N St, Issaquah, WA 98027-3236
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    • Value Estimation
      $1,660,000
      9,208 SF

      1495 11th NW Ave

      RETAIL STORES (PERSONAL SERVICES)
      1495 11th NW Ave, Issaquah, WA 98027-5319
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    • Value Estimation
      $910,000
      4,390 SF

      385 Gilman Blvd

      GROCERY, SUPERMARKET
      385 Gilman Blvd, Issaquah, WA 98027-2499
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    • Value Estimation
      $695,000
      3,850 SF

      1525 Mall St

      RETAIL STORES (PERSONAL SERVICES)
      1525 Mall St, Issaquah, WA 98027-8947
      View Details
    • Value Estimation by Request
      3,310 SF

      855 Rainier N Blvd

      FINANCIAL BUILDING
      855 Rainier N Blvd, Issaquah, WA 98027-2413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,900 SF

      Issaquah Retail/Office Building For Sale

      Retail and office building in the heart of Olde Town Issaquah.
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    • $850,000
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      Office/Retail Condo Ready

      Office/Retail condo for sale, ready for improvements.
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      Charming Retail Office in Issaquah

      Unique 2,490 SF retail office with historic charm.
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    • $350,000

      Downtown Issaquah Restaurant Opportunity

      Turn-key restaurant, prime location, full bar.
      80 Front St, Issaquah, WA 98027
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      Residential Land in Mirrormont Neighborhood

      Almost 1 acre lot in Issaquah's Mirrormont neighborhood.
      123123 SE Mirrormont Dr, Issaquah, WA 98027
      View Details
    • $19,000,000
      44,343 SF

      Mixed-Use Building with Freeway Visibility

      Mixed-use building with signage and freeway visibility for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      5,216 SF

      Retail Space in Meadows Center

      Retail space in active Issaquah commercial corridor with parking.
      1180 NW Gilman Blvd, Issaquah, WA 98027
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Issaquah

      Retail space available for lease in Issaquah, Washington.
      1065-1185 NW Gilman Blvd, Issaquah, WA 98027
      View Details
    • Contact for pricing
      833 SF

      Retail Space with Parking

      First-floor retail space available for rent with parking.
      375 NW Gilman Blvd, Issaquah, WA 98027
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    • Contact for pricing
      485 SF

      Retail Space in Issaquah

      Retail space available for lease in Issaquah, Washington.
      1480 NW Gilman Blvd, Issaquah, WA 98027
      View Details
    • $740 /Mo
      2,961 SF

      Retail Space in Gilman Village

      Combined retail space with entrances from Gilman Village and Gilman Blvd.
      317 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $19,560 /Mo
      5,216 SF

      Retail Space in Meadows Center

      Retail space in active commercial corridor with high visibility.
      1180 Gilman Blvd, Issaquah, WA 98027
      View Details

    Property Visit Statistics

    • Visits by month
      27.0k
    • Visitors by month
      21.0k
    • Avg Time on site
      25 min
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    Issaquah, WA 98027-3824
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    179 1st SE Ave, Issaquah, WA, 98027
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