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Property profile & analytics
OFF-MARKET Estimated value $14,695,000
Office buildings

22605 56th St Issaquah, WA 98029-5289

44,052 SF 1.15 ac lot Built 1999
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-1090555
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction CONCRETE
Total area 44,052 SF
Lot 1.15 ac (50,033 SF)
Zoning code MU
APN 212406-9075
UPID US90-1090555
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
$15.77M
Comparable Approach Comparable
$20.07M
Blend (final) Blend
$14.70M
Owner & transaction history
Powell-sammamish View LLC · 7 yrs held
Powell-sammamish View LLC
since 2019
7 recorded transactions
2019
Price N/A
2019
$11.3M
2017
Price N/A
2009
Price N/A
2005
$990,800
2004
$495,400
1998
Price N/A
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
Top alternative use upside
Restaurant $23.4M +1.9%
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