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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Medical Office Space
375 Sunset Way Issaquah, WA 98027-3442
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3018575
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1913
Construction
FRAME
Total area
2,410 SF
Lot
0.22 ac (9,600 SF)
Zoning code
MF-H
APN
342406-9006
UPID
US90-3018575
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
$990k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$881k
Blend (final)
Blend
$990k
Owner & transaction history
Ricchezza Generazionale LLC · 2 yrs held
Ricchezza Generazionale LLC
since 2024
Last sale
$990,000
7 recorded transactions
Zoning & alternative use
MF-H · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+29.1%
Auto repair, garage
$1.1M
+16.2%
Office building
$1.1M
+11.2%
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
Method
Estimation
Statistic approach
$990,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$560,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$950,000
Current use
COMMERCIAL (GENERAL)
$1,230,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$1,060,000
Change: +11% · Conversion: Easy
RETAIL STORES
$945,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $990k (Jun 3 2024)
Last sale anchor
$990k
Jun 3 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$411 / 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
$7,441
Tax year 2024
Assessed value
$805,900
Assessed 2023
Previous assessed
$805,900
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$768,000
Assessed improvement
$37,900
Land market value
$768,000
Improvement market value
$37,900
Total market value
$805,900
Applied tax rate
1,405.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1913
Construction
FRAME
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
2,410 SF
Lot
0.22 ac (9,600 SF)
Zoning code
MF-H
APN
342406-9006
UPID
US90-3018575
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MF-H · Issaquah, WA
Zoning MF-H · permitted uses
MF-H · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$945,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1913
Construction
FRAME
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ricchezza Generazionale LLC
Entity
Mailing address
1715 9TH PL NE, ISSAQUAH, WA 98029-7450
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Ricchezza Generazionale LLC
—
Deed
related
$1,000,000 · Champions Funding LLC
Jun 3, 2024
$990,000
Ricchezza Generazionale LLC
Rg Therapy Services 2 INC
Warranty Deed
$841,500 · R G Therapy Services 2 INC
May 9, 2018
$850,000
Rg Therapy Services 2 INC
Frauenheim,joseph L & Marie L
Warranty Deed
—
Oct 5, 2006
$678,000
Joseph L Frauenheim
Bradley W Smith
Warranty Deed
$511,200 · American Mortgage Network INC
Mar 18, 1996
—
Bradley W Smith
Gross,gail A
Quit Claim Deed
related
$70,000 · Directors Mortgage Loan Corp
Feb 27, 1992
—
Gail A Gross
Gross,larry E
Quit Claim Deed
related
—
—
—
Bradley W Smith
—
Deed Of Trust
related
$247,500 · Provident Funding Assoc LP
—
—
Bradley W Smith
—
Deed Of Trust
related
$247,500 · Provident Funding Assoc LP
—
—
Bradley W Smith
—
Deed Of Trust
related
$50,000 · Key Bank NA
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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