206 Frnt N St Issaquah, WA 98027-3232
Cultural and Business District - CBD. 1. This zone intends to combine business, multifamily residential, cultural, and civic activities into a cohesive downtown core which promotes pedestrian usage. Permitted uses are retail and office activities which enhance and encourage pedestrian access and encourage compatibility in historic design and scale as defined…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CBD · Issaquah, WACultural and Business District - CBD. 1. This zone intends to combine business, multifamily residential, cultural, and civic activities into a cohesive downtown core which promotes pedestrian usage. Permitted uses are retail and office activities which enhance and encourage pedestrian access and encourage compatibility in historic design and scale as defined in Part VII of this title, Neighborhood Overlays, Olde Town design standards for CBD and adjacent MF-M and MF-H zoning districts. The following objectives apply to this zone: a. Establish and protect retail and office uses which are readily accessible to pedestrians; b. Provide pedestrian-oriented storefronts and pedestrian parks using design standards; c. Link commercial core to adjacent public facilities with pedestrian access; d. Emphasize improvement and enhancement of the existing downtown within the Front Street area; e. Provide for the reuse and remodeling, rather than demolition, of historic buildings, as a method of preserving the downtown’s historic character; f. Require development and redevelopment of commercial uses to be similar in scale and design to the existing development in the downtown area; g. Provide for the establishment of multi-use, nonmotorized transportation corridors through design standards; h. Provide usable open space and design amenities for Cultural and Business District employees and users; i. Provide incentives to develop multifamily use as an accessory use to ground level retail commercial or office use; j. Provide reduced or flexible parking requirements in the CBD to encourage new development and redevelopment; and k. Preserve scenic views of Mt. Rainier or surrounding hillsides through development standards. C. Professional Office - PO. 1. This zone intends to establish and preserve areas for professional service-related offices. Permitted uses include professional and personal services such as medical outpatient, financial, and government offices. Multifamily residential is permitted in this district to promote proximity of jobs to housing and to provide the opportunity for mixed-use development. Pedestrian linkage of nonoffice uses to office sites is encouraged to decrease traffic impacts to the district. The following objectives also apply to this zone: a. Permit retail commercial activity; b. Locate professional service-related offices in areas presently receiving a full range of urban services; c. Provide opportunities for multifamily housing; d. Provide usable open space and design amenities for district employees and users; and e.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.