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    Property profile & analytics

    371 Gilman Blvd Issaquah, WA 98027

    • Office buildings
    • 46,446 SF
    • 0.27 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1168907
    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

    • Office buildings

    Property Details for 371 Gilman Blvd

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    0.27 lot acres
    Property size
    46,446 SF
    Zone code
    DR
    Property type
    Office buildings
    APN
    527910-0643
    APU
    5279100643

    Description

    This exceptional medical office space, located at 371 NE Gilman Blvd in Issaquah, Washington, 98027, offers a variety of suite sizes to accommodate diverse healthcare practices. The property, known as Liberty Park, features three available spaces ranging from 1,678 square feet to 8,868 square feet, providing flexibility for expansion or consolidation. Situated at the east end of Gilman Boulevard, the building enjoys a picturesque setting overlooking Issaquah Creek. The convenient location offers easy access to a wealth of amenities, including the vibrant dining and shopping options at Gilman Village, Pickering Place, Issaquah Commons, and Historic Downtown Issaquah. This prime location ensures high visibility and accessibility for patients and staff alike. The property is classified as a multi-tenant building within King County, offering a professional and well-maintained environment. The building's address is 371 NE Gilman Blvd, Issaquah, WA 98027. The property type is Office, with a subtype of Medical Office. This presents a unique opportunity for healthcare professionals seeking a well-situated and versatile space to establish or expand their practice. Interested parties are encouraged to inquire for further details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,166,000
      Market price range: $10.2M - $28.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.03
    Latitude
    47.5326
    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
    $56,198
    $40,000
    $7,371,000
    $7,411,000
    -
    $40,000
    $7,371,000
    $7,411,000

    Comparable in this City

    • Value Estimation
      $8,035,000
      40,302 SF

      1700 Gilman Blvd

      OFFICE BUILDING • 40,302 SF
      1700 Gilman Blvd, Issaquah, WA 98027-5349
      View Details
    • Value Estimation
      $21,565,000
      76,244 SF

      2001 Sammamish Rd

      OFFICE BUILDING • 76,244 SF
      2001 Sammamish Rd, Issaquah, WA 98027-8940
      View Details
    • Value Estimation
      $2,570,000
      12,204 SF

      295 Gilman Blvd

      OFFICE BUILDING • 12,204 SF
      295 Gilman Blvd, Issaquah, WA 98027-2906
      View Details
    • Value Estimation
      $1,930,000
      9,600 SF

      1315 Mall St

      OFFICE BUILDING • 9,600 SF
      1315 Mall St, Issaquah, WA 98027-8997
      View Details
    • Value Estimation
      $1,010,000
      4,815 SF

      410 Newport NW Way

      OFFICE BUILDING • 4,815 SF
      410 Newport NW Way, Issaquah, WA 98027-3116
      View Details
    • Value Estimation
      $1,070,000
      4,608 SF

      55 1st NW Pl

      OFFICE BUILDING • 4,608 SF
      55 1st NW Pl, Issaquah, WA 98027-3271
      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
    • $1,550,000

      Downtown Office Building For Sale

      2,350 SF office building in prime downtown location.
      375 1St Pl NW, Issaquah, WA 98027
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    • $5,250,000

      Class A Office Property Issaquah

      High-end, flexible office space suitable for professional or medical use.
      975 5Th Ave NW, Issaquah, WA 98027
      View Details
    • $850,000
      2,051 SF

      Office/Retail Condo Ready

      Office/Retail condo for sale, ready for improvements.
      14509 Cedar Grove Rd SE Issaquah, Issaquah, WA 98027
      View Details
    • $1,950,000

      New Flex/Warehouse/Office Space For Sale

      New construction flex/warehouse/office space with roll-up doors.
      14497 Cedar Grove Rd SE Issaquah, Issaquah, WA 98027
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    • $1,450,000
      2,490 SF

      Charming Retail Office in Issaquah

      Unique 2,490 SF retail office with historic charm.
      158 1St Pl NW, Issaquah, WA 98027
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    Similar Nearby for Lease

    • $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
    • $13 SF/Yr
      6,033 SF

      Issaquah Office Space Available

      Flexible workspace solutions in King County.
      371 Gilman Blvd, Issaquah, WA 98027
      View Details
    • Contact for pricing
      3,008 SF

      Issaquah Flex Space Available

      3,008 RSF flex space with private office access for rent.
      1871 NW Gilman Blvd, Issaquah, WA 98027
      View Details
    • $30 SF/Yr
      3,599 SF

      Downtown Issaquah Second Floor Office

      Second floor office space in downtown Issaquah with I-90 access.
      185 NE Gilman Blvd, Issaquah, WA 98027
      View Details
    • $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
    • $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
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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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