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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    355 Gilman Blvd Issaquah, WA 98027

    • Commercial real estate
    • 10,715 SF
    • 0.53 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1567436
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 355 Gilman Blvd

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    10,715 SF
    Zone code
    MU
    Property type
    Commercial real estate
    APN
    282406-9292
    APU
    2824069292

    Description

    St. George’s Square in the CBA Issaquah submarket of King County offers exceptional executive office space for lease. This retail and office building totals 6,891 square feet, with 5 currently available suites ranging from 475 to 2,477 contiguous square feet. The minimum divisible space is 558 square feet, providing flexibility for businesses of various sizes. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. The property's location within the vibrant CBA Issaquah submarket offers excellent access to amenities, transportation, and a strong workforce. This is an ideal location for businesses seeking a prestigious address and convenient access to key resources. The building's design caters to executive office needs, providing a professional and efficient workspace. Interested parties are encouraged to inquire about lease terms and availability for these highly desirable office suites. The property is currently listed as "For Lease" and presents a rare opportunity to secure prime office space in a thriving King County location. The flexible space options allow for customization to meet specific business requirements. Contact us today to schedule a viewing and explore the possibilities of establishing your business at St. George’s Square.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.042
    Latitude
    47.5407
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $23,820
    $1,040,400
    $2,099,400
    $3,139,800
    -
    $1,040,400
    $2,099,400
    $3,139,800

    Comparable in this City

    • Value Estimation
      $815,000
      5,367 SF

      1620 Gilman Blvd

      COMMERCIAL (GENERAL) • 5,367 SF
      1620 Gilman Blvd, Issaquah, WA 98027-5338
      View Details
    • Value Estimation
      $2,835,000
      11,200 SF

      660 Gilman Blvd

      COMMERCIAL (GENERAL) • 11,200 SF
      660 Gilman Blvd, Issaquah, WA 98027-2421
      View Details
    • Value Estimation
      $1,140,000
      5,710 SF

      1460 Gilman Blvd

      COMMERCIAL (GENERAL) • 5,710 SF
      1460 Gilman Blvd, Issaquah, WA 98027-5300
      View Details
    • Value Estimation
      $1,525,000
      7,800 SF

      131 Frnt N St

      COMMERCIAL (GENERAL) • 7,800 SF
      131 Frnt N St, Issaquah, WA 98027-3235
      View Details
    • Value Estimation
      $1,585,000
      8,400 SF

      1420 Gilman Blvd

      COMMERCIAL (GENERAL) • 8,400 SF
      1420 Gilman Blvd, Issaquah, WA 98027-5394
      View Details
    • Value Estimation
      $1,365,000
      5,563 SF

      1180 Gilman Blvd

      COMMERCIAL (GENERAL) • 5,563 SF
      1180 Gilman Blvd, Issaquah, WA 98027-5499
      View Details

    Similar Nearby for Sale

    • $4,650,000

      Issaquah Office Building For Sale

      Office building with long-term tenant and owner-user opportunity in Issaquah.
      185 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $250,000

      Squak Mountain Land with Views

      Land with mountain views, equestrian trails, and utilities access.
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    • $3,600,000
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      Issaquah Executive Suites

      Prime Issaquah Office Building, High ROI
      545 Rainier Blvd, Issaquah, WA 98027
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    • $350,000

      Downtown Issaquah Restaurant Opportunity

      Turn-key restaurant, prime location, full bar.
      80 Front St, Issaquah, WA 98027
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    • $5,500,000

      Two-Story Building in Issaquah

      8,289 SF building suitable for daycare, school, or church.
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      Issaquah Land Parcel Ready Build

      4.35-acre parcel ready for custom dream home construction.
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    Similar Nearby for Lease

    • $20 SF/Yr
      83,648 SF

      Meadow Creek Office Park Spaces

      Prime King County office space, flexible layouts.
      22500 64Th Pl, Issaquah, WA 98027
      View Details
    • Contact for pricing
      7,516 SF

      Issaquah Retail Space - 7,516 SF

      Prime Issaquah retail, multiple suites available.
      1170 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $45 SF/Yr
      783 SF

      First Floor Office Space

      Office space with reception, work area, and lobby entry.
      640 NW Gilman Blvd, Issaquah, WA 98027
      View Details
    • $30 SF/Yr
      3,190 SF

      Downtown Issaquah Office Space Available

      3,190 SF office space in downtown Issaquah for lease.
      175 NE Gilman Blvd, Issaquah, WA 98027
      View Details
    • $21 SF/Yr
      1,533 SF

      Retail Space in Mixed-Use Center

      Retail space available in a mixed-use center with ample parking.
      317 NW Gilman Blvd, Issaquah, WA 98027
      View Details
    • $30 SF/Yr
      6,880 SF

      Issaquah Standalone Office Building

      Office building for lease in Issaquah with surrounding greenery.
      310 3Rd Ave NE, Issaquah, WA 98027
      View Details
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    Issaquah, WA 98027
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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