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Property profile & analytics
OFF-MARKET
Estimated value
$42,710,000
Office buildings
5150 220th SE Ave, Issaquah, WA 98029-6834
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0830125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
CONCRETE
Total area
102,585 SF
Lot
5.65 ac (246,114 SF)
Zoning code
MU
APN
212406-9131
UPID
US90-0830125
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$53.44M
Blend (final)
Blend
$42.71M
Owner & transaction history
Cre Sammamish B2 LLC · 9 yrs held
Cre Sammamish B2 LLC
since 2016
7 recorded transactions
Zoning & alternative use
MU · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$54.4M
+1.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$53,435,000
Current use
RESTAURANT
$54,425,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$52,295,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$47,095,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$42.71M
Range $38.44M – $46.98M · ±10%
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
$416 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$21
Tax year 2022
Applied tax rate
1,436.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Total area
102,585 SF
Lot
5.65 ac (246,114 SF)
Zoning code
MU
APN
212406-9131
UPID
US90-0830125
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Issaquah, WA
Zoning MU · permitted uses
MU · 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
OFFICE BUILDING Current
Est. value
$53.4M
RESTAURANT
Est. value
$54.4M
COMMERCIAL (GENERAL)
Est. value
$52.3M
AUTO REPAIR, GARAGE
Est. value
$47.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1992
Construction
CONCRETE
Heating
HEAT PUMP
Stories
4
Lot
5.65 ac
Current owner
From public records · entity-resolved
Cre Sammamish B2 LLC
Entity
Mailing address
5150 220TH AVE SE, ISSAQUAH, WA 98029-6834
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2016
—
Cre Sammamish B2 LLC
—
Deed
related
$12,509,000 · Bridgewater Bank
Nov 2, 2016
—
Cre Sammamish B2 LLC
Cre Sammamish B LLC
Quit Claim Deed
—
Sep 27, 2016
—
Cre Sammamish B LLC
—
Deed
related
$12,756,000 · Onward Investors LLC Series B
May 4, 2016
$10,500,000
Cre Sammamish B LLC
Bacm 2005-2 22011 Se 51st Stre
Grant Deed
—
Mar 31, 2015
—
Bacm 2005-2 22011 Se 51st Stre
Acquiport Issaquah LLC
Grant Deed
—
Dec 21, 2004
$50,450,000
Acquiport Issaquah LLC
S/i Sammamish I LLC
Grant Deed
—
Mar 21, 2001
—
S/i Sammamish I LLC
Bentall Us LLC
Grant Deed
related
$10,560,000 · Us Bank NA
Dec 19, 2000
—
Bentall Us LLC
Bentall Enterprises LLC
Quit Claim Deed
related
—
Apr 16, 1997
$14,085,000
Bentall Enterprises LLC
Sammamish Park Place II LP
Grant Deed
—
—
—
Acquiport Issaquah LLC
—
Deed Of Trust
related
$32,800,000 · Bank Of America
—
—
Bentall Newport Tower LLC
—
Deed Of Trust
related
$50,000 · Seafirst Bank
—
—
S/i Sammamish II LLC
—
Deed Of Trust
related
$15,675,000 · Wells Fargo Bank
—
—
Cre Sammamish B LLC
—
Deed Of Trust
related
$12,756,000 · Onward Investors LLC Series B
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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