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Property profile & analytics
OFF-MARKET
Estimated value
$25,680,000
Office buildings
22011 51st St, Issaquah, WA 98029-7298
Entity Owned
~
Est. High Equity
Property ID
US90-1277520
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
CONCRETE
Total area
94,393 SF
Lot
4.67 ac (203,425 SF)
Zoning code
MU
APN
212406-9003
UPID
US90-1277520
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
$33.80M
Comparable Approach
Comparable
$17.67M
Blend (final)
Blend
$25.68M
Owner & transaction history
Kbhpnw LLC
Kbhpnw LLC
since 2025
Last sale
$25.6M
7 recorded transactions
Zoning & alternative use
MU · 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%
$36,610,000
6.5%
$33,795,000
7%
$31,380,000
Blend value · Realmo final
$25.68M
Range $23.11M – $28.25M · ±10% · vs last sale $25.63M (Dec 15 2025)
Last sale anchor
$25.63M
Dec 15 2025
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
$272 / 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
$210,207
Tax year 2022
Assessed value
$27,727,200
Assessed 2022
Previous assessed
$27,727,200
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$5,695,900
Assessed improvement
$22,031,300
Land market value
$5,695,900
Improvement market value
$22,031,300
Total market value
$27,727,200
Applied tax rate
1,436.0000
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
1987
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Total area
94,393 SF
Lot
4.67 ac (203,425 SF)
Zoning code
MU
APN
212406-9003
UPID
US90-1277520
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Issaquah, WA
Zoning MU · permitted uses
MU · 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.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Lot
4.67 ac
Current owner
From public records · entity-resolved
Kbhpnw LLC
Entity
Mailing address
PO BOX 7369, NEWPORT BEACH, CA 92658-7369
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
$25,625,000
Kbhpnw LLC
Ru Se 51st Street Issaquah Wa LLC
Bargain & Sale Deed
—
Dec 24, 2018
$29,000,000
Ru Se 51 St Street Issaquah Wa
Cre Sammamish A2 LLC
Grant Deed
$18,850,000 · Miscellaneous Ins Co
Nov 8, 2016
—
Cre Sammamish A2 LLC
—
Deed
related
$11,152,000 · Bridgewater Bank
Nov 2, 2016
—
Cre Sammamish A2 LLC
Cre Sammamish A LLC
Quit Claim Deed
—
Sep 27, 2016
—
Cre Sammamish A LLC
—
Deed
related
$12,880,000 · Onward Investors LLC Series B
May 4, 2016
$10,600,000
Cre Sammamish A LLC
Bacm 2005-2 22011 Se 51st Stre
Grant Deed
—
Mar 31, 2015
—
Bacm 2005-2 22011 Se 51st Stre
Acquiport Issaquah LLC
Grant Deed
—
Dec 21, 2004
$50,450,000
Acquiport Issaquah LLC
S/i Sammamish I LLC
Grant Deed
—
Mar 21, 2001
—
S/i Sammamish I LLC
Bentall Us LLC
Deed Of Trust
related
$10,560,000 · Us Bank NA
Dec 19, 2000
—
Bentall Us LLC
Bentall Enterprises LLC
Quit Claim Deed
related
—
Jan 13, 2000
—
Bentall Enterprises LLC
—
Deed Of Trust
related
$11,000,000 · Us Bank NA
Jul 1, 1997
$6,981,216
Bentall Newport Centre LLC
Ocean Front V LLC
Trustees Deed
—
Jul 1, 1997
—
Bentall Enterprises LLC
Mora Family LLC
Trustees Deed
related
—
Apr 16, 1997
$2,624,013
Bentall Enterprises LLC
Sammamish Park Place I LP
Grant Deed
—
Aug 25, 1995
$9,019,500
Kempton Downs LP
Sammamish Park Place I LP
Grant Deed
$7,469,500 · Seller
Nov 8, 1989
—
Sammamish Park Pl I Ltd Pt
Vyzis,basil D&da
Quit Claim Deed
related
—
—
—
S/i Sammamish I LLC
—
Deed Of Trust
related
$13,950,000 · Wells Fargo Bank
—
—
Cre Sammamish A LLC
—
Deed Of Trust
related
$12,880,000 · Onward Investors LLC Series B
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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