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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Car washes
23907 132nd Way Issaquah, WA 98027
Entity Owned
Free & Clear
Property ID
US90-1504330
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,801 SF
Lot
0.45 ac (19,432 SF)
Zoning code
CC
APN
162205-9132
UPID
US90-1504330
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Hepp Investments LLC
Hepp Investments LLC
since 2025
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$230 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,764
Tax year 2024
Assessed value
$988,300
Assessed 2023
Previous assessed
$988,300
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$398,300
Assessed improvement
$590,000
Land market value
$398,300
Improvement market value
$590,000
Total market value
$988,300
Applied tax rate
1,519.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
3,801 SF
Lot
0.45 ac (19,432 SF)
Zoning code
CC
APN
162205-9132
UPID
US90-1504330
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Issaquah, WA
Zoning CC · permitted uses
CC · 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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Hepp Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
14012 SE 251ST ST, KENT, WA 98042-6627
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$1,020,000
Hepp Investments LLC
Southey & Associates L L C
Warranty Deed
—
Dec 28, 2022
—
Southey & Associates LLC
—
Deed
related
$250,000 · Commencement Bank
Mar 4, 2009
$761,517
Southey & Associates LLC
L E Cruz Construction INC
Warranty Deed
$800,000 · Shorebank Pacific
Apr 15, 2005
$900,000
L E Cruz Construction INC
Kent Windermere Dev LLC
Warranty Deed
$800,000 · Shorebank Pacific
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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