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    510 8th NE Ave Issaquah, WA 98029-5436
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    Property profile & analytics

    510 8th NE Ave, Issaquah, WA 98029-5436

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    • Medical Office Space
    • 53,278 SF
    • 2.58 lot acres
    Off-Market
    Property ID
    US90-0701909
    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.
    Value Estimations
    $7,725,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 510 8th NE Ave

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    2.58 lot acres
    Zone code
    UV
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    363025-0040
    APU
    3630250040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 8, 2019 — Bellevue Issaquah Orthopaedic — Grant Deed · related $16.1M · Boeing Emps Cu
    Mar 31, 2009 — Bellevue Issaquah Orthopaedic — Deed Of Trust · related $5.7M · Bank Of America
    Dec 18, 2006 $3,480,525 Bellevue Issaquah Orthopaedic Grand-glacier LLC Warranty Deed $1M · Bank Of Washington
    — — Bellevue Issaquah Orthopaedic — Loan Modification · related $14.4M · Bank Of America
    — — Bellevue Issaquah Orthopaedic — Deed Of Trust · related $750k · Bank Of Washington
    — — Bellevue Issaquah Orthopaedic — Deed Of Trust · related $9.5M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.02
    Latitude
    47.5364
    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
    $100,798
    $3,705,000
    $9,589,400
    $13,294,400
    -
    $3,705,000
    $9,589,400
    $13,294,400

    Comparable in this City

    • Value Estimation
      $1,965,000
      8,100 SF

      3717 Providence Pt SE Dr

      MEDICAL BUILDING
      3717 Providence Pt SE Dr, Issaquah, WA 98029
      View Details
    • Value Estimation
      $4,345,000
      6,470 SF

      6415 Lk Sammamish Pkwy See

      DENTAL BUILDING
      6415 Lk Sammamish Pkwy See, Issaquah, WA 98029-8930
      View Details
    • Value Estimation by Request
      1,493 SF

      5006 Lk Sammamish SE Pkwy

      DENTAL BUILDING
      5006 Lk Sammamish SE Pkwy, Issaquah, WA 98029-9220
      View Details
    • Value Estimation
      $580,000
      16,626 SF

      3603 228th SE Ave

      HOMES (RETIRED, NURSING)
      3603 228th SE Ave, Sammamish, WA 98029-5047
      View Details
    • Value Estimation
      $2,755,000
      141,895 SF

      22975 Black Nugget Rd

      HOMES (RETIRED, NURSING)
      22975 Black Nugget Rd, Issaquah, WA 98029-6997
      View Details
    • Value Estimation
      $8,710,000
      53,640 SF

      3725 Providence Pt SE Dr

      HOMES (RETIRED, NURSING)
      3725 Providence Pt SE Dr, Issaquah, WA 98029-7219
      View Details

    Similar Nearby for Sale

    • $2,400,000
      25,447 SF

      Land with Existing Access Easement

      Land available with an existing access easement.
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      Issaquah Acreage Ready For Vision

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      Issaquah Land Parcel For Sale

      Five-acre Issaquah parcel suitable for building a custom home.
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    Similar Nearby for Lease

    • $3,985 /Mo
      1,449 SF

      Sammamish Plateau Office Space

      Office space with abundant natural light in Sammamish Plateau.
      3717 Providence Point Dr SE, Issaquah, WA 98029
      View Details
    • Contact for pricing
      1,449 SF

      Sammamish Plateau Office Space

      Office space with natural light in Sammamish Plateau area.
      3717 Providence Point Dr SE, Issaquah, WA 98029
      View Details
    • $35 SF/Yr
      6,823 SF

      Class A Office Building

      Five-story Class A office building with high visibility.
      22833 Southeast Black Nugget Rd, Issaquah, WA 98029
      View Details
    • Contact for pricing

      Office Suite with Lobby Frontage

      Office suite with immediate lobby frontage, ready for improvements.
      22833 SE Black Nugget Rd, Issaquah, WA 98029
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    • Contact for pricing
      411,000 SF

      Office Space Near Retail Core

      Office space in Issaquah, close to retail and outdoor activities.
      21925 Southeast 51St St, Issaquah, WA 98029
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    • $3,393 /Mo
      1,454 SF

      Issaquah Commercial Space Available

      Commercial space available for rent in Issaquah, Washington.
      22605 56Th St, Issaquah, WA 98029
      View Details
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    Issaquah, WA 98029-5436
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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.

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