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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Office buildings
20 6th NE Ave, Issaquah, WA 98027-3428
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0908165
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
3,006 SF
Lot
0.24 ac (10,454 SF)
Zoning code
MF-H
APN
363010-0026
UPID
US90-0908165
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
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Cngw LLC · 15 yrs held
Cngw LLC
since 2011
7 recorded transactions
Zoning & alternative use
MF-H · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,320,000
Current use
MEDICAL BUILDING
$1,185,000
Change: -10% · Conversion: Easy
RETAIL STORES
$1,180,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±10%
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
$273 / 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
$7,994
Tax year 2022
Assessed value
$1,052,100
Assessed 2022
Previous assessed
$1,052,100
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$731,700
Assessed improvement
$320,400
Land market value
$731,700
Improvement market value
$320,400
Total market value
$1,052,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
3,006 SF
Lot
0.24 ac (10,454 SF)
Zoning code
MF-H
APN
363010-0026
UPID
US90-0908165
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MF-H · Issaquah, WA
Zoning MF-H · permitted uses
MF-H · 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
OFFICE BUILDING Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Cngw LLC
Entity
Mailing address
20 6TH AVE NE, ISSAQUAH, WA 98027-3428
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2018
—
Cngw LLC
—
Deed
related
$1,224,000 · First Citizens Bk & Tr Co
Nov 15, 2017
—
Cngw LLC
—
Deed
related
$1,200,000 · First Citizens Bank & Trust Co
Jan 3, 2011
$765,000
Cngw LLC
Brown & Sterling P S
Warranty Deed
$743,697 · Bank Of The West
Nov 30, 2006
$890,000
Brown Sterling Smith
Kirchan-person,shirley J
Warranty Deed
$712,000 · Key Bank NA
Jun 14, 1996
$226,276
Person,alan K & Shirley J
Evans,robert P & Betty A
Trustees Deed
—
—
—
Cngw LLC
—
Deed Of Trust
related
$336,000 · Northwest Busn Dev Assn
—
—
Cngw LLC
—
Loan Modification
related
$1,224,000 · First Citizens Bk & Tr Co
—
—
Cngw LLC
—
Loan Modification
related
$378,053 · American West Bk
—
—
Lawrence F Brown JR.
—
Deed Of Trust
related
$300,000 · William R & Melissa L Martinez
—
—
Alan K Person
—
Deed Of Trust
related
$50,000 · Issaquah Bank
—
—
Shirley J Person
—
Deed Of Trust
related
$311,987 · Issaquah Bank
—
—
Alan K Person
—
Deed Of Trust
related
$100,000 · Key Bank NA
—
—
Shirley J Person
—
Deed Of Trust
related
$25,403 · Issaquah Bank
—
—
Shirley J Kirchan
—
Deed Of Trust
related
$200,000 · Issaquah Bank
—
—
Shirley J Person
—
Deed Of Trust
related
$38,174 · Issaquah Bank
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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