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Property profile & analytics
OFF-MARKET
Estimated value
$4,720,000
Hotels
1800 Gilman Blvd Issaquah, WA 98027-5302
Entity Owned
Free & Clear
Property ID
US90-1181831
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
103,192 SF
Lot
2.38 ac (103,532 SF)
Zoning code
UV-R
APN
356000-0130
UPID
US90-1181831
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
$4.72M
Owner & transaction history
Rowley Properties INC
Rowley Properties INC
since 2025
6 recorded transactions
Zoning & alternative use
UV-R · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote to Urban Village Rowley uses
Zone name
Urban Village Rowley
General category
UNKNOWN
Zone area
76.86 ac
Source
Realmo
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
$46 / 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
$246,741
Tax year 2022
Assessed value
$32,546,800
Assessed 2022
Previous assessed
$32,546,800
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$3,623,600
Assessed improvement
$28,923,200
Land market value
$3,623,600
Improvement market value
$28,923,200
Total market value
$32,546,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
4
Total area
103,192 SF
Lot
2.38 ac (103,532 SF)
Zoning code
UV-R
APN
356000-0130
UPID
US90-1181831
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UV-R · Issaquah, WAZoning UV-R · permitted uses
UV-R · Issaquah, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote to Urban Village Rowley uses
Zone name
Urban Village Rowley
General category
UNKNOWN
Zone area
76.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
4
Lot
2.38 ac
Current owner
From public records · entity-resolved
Rowley Properties INC
Entity
Free & Clear · 0 yrs held
Mailing address
203 SE PARK PLZ DR STE #230, VANCOUVER, WA 98684-5884
Ownership since
2025
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
Aug 11, 2025
—
Rowley Properties INC
K&k Hotel LLC
Quitclaim Deed
related
—
Nov 18, 2022
—
K&k Hotel LLC
—
Deed
related
$19,850,000 · Banner Bank
Aug 16, 2013
—
K&k Hotel LLC
K & K Real Estate Ventures LLC
Warranty Deed
—
Jun 7, 2013
—
K & K Real Estate Ventures LLC
Rowley Properties INC
Quit Claim Deed
related
—
Jan 18, 2005
—
K & K Re Ventures LLC
Rowley Props INC
Grant Deed
related
—
Sep 22, 2004
—
K & K Real Estate Ventures LLC
Rowley Properties INC
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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