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Property profile & analytics
OFF-MARKET Estimated value $61,830,000
Office buildings

21900 51st Pl Issaquah, WA 98029-8238

224,900 SF 20.13 ac lot Built 1999
Entity Owned 2-yr Hold Free & Clear
Property ID
US90-0799902
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction CONCRETE
Total area 224,900 SF
Lot 20.13 ac (877,047 SF)
Zoning code MU
APN 212406-9067
UPID US90-0799902
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
$61.83M
CAP Approach CAP
$80.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$61.83M
Owner & transaction history
Costco Wholesale Corporation · 2 yrs held
Costco Wholesale Corporation
since 2024
Last sale
$61.8M
7 recorded transactions
2024
$61.8M
2017
$2.7M
2017
$153.0M
2015
$128.3M
2003
Price N/A
1999
Price N/A
1996
$12.8M
Zoning & alternative use
MU · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Mixed-Use - MU and Mixed-Use - Central Issaquah. 1. These zones intend to create medium-density, low-intensity retail use areas. Permitted uses include professional offices, personal services, restaurants, and general retail services. Multifamily residential is permitted in this district to promote proximity of jobs to housing and to provide the opportunity…

Zone name Mixed Use
General category MIXED_USE
Zone area 21.47 ac
Source Issaquah Land Use Code
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