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Property profile & analytics
OFF-MARKET Estimated value $915,000
Assisted living facilities

3607 228th SE Ave Issaquah, WA 98029-5001

42,930 SF 2.79 ac lot Built 2006
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US90-1393795
Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2006
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,930 SF
Lot 2.79 ac (121,532 SF)
Zoning code PO
APN 092406-9140
UPID US90-1393795
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
$835k
CAP Approach CAP
by Request
Comparable Approach Comparable
$991k
Blend (final) Blend
$915k
Owner & transaction history
Spiritwood At Pine Lake LLC · 21 yrs held
Spiritwood At Pine Lake LLC
since 2005
7 recorded transactions
2021
Price N/A
2016
Price N/A
2005
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PO · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Professional Office - PO. 1. This zone intends to establish and preserve areas for professional service-related offices. Permitted uses include professional and personal services such as medical outpatient, financial, and government offices. Multifamily residential is permitted in this district to promote proximity of jobs to housing and to provide the oppor…

Zone name Professional Office
General category CIVIC_INSTITUTIONAL
Zone area 8.87 ac
Source Issaquah Land Use Code
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