Back to Search
Property profile & analytics
FOR LEASE
Retail space
5700 Lake Sammamish Pkwy SE Issaquah, WA 98029
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-1335800
No photos on file
For Lease
$49,098 SF/Yr
5700 Lake Sammamish Pkwy SE, Issaquah, WA 98029
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
WOOD
Total area
16,407 SF
Lot
13.37 ac (582,386 SF)
Zoning code
MU
APN
212406-9090
UPID
US90-1335800
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
$4.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.55M
Owner & transaction history
Ob Frank Properties LLC · 19 yrs held
Ob Frank Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
MU · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.5M
+17.0%
Medical building
$6.5M
+0.7%
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%
$4,830,000
6.5%
$4,460,000
7%
$4,140,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,435,000
Current use
AUTO REPAIR, GARAGE
$7,530,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$6,480,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,255,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,690,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±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
$277 / 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
$292,639
Tax year 2022
Assessed value
$38,600,900
Assessed 2022
Previous assessed
$38,600,900
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$15,142,000
Assessed improvement
$23,458,900
Land market value
$15,142,000
Improvement market value
$23,458,900
Total market value
$38,600,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2009
Construction
WOOD
Heating
OTHER
Buildings
7
Stories
1
Total area
16,407 SF
Lot
13.37 ac (582,386 SF)
Zoning code
MU
APN
212406-9090
UPID
US90-1335800
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
RETAIL STORES Current
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.5M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2009
Construction
WOOD
Heating
OTHER
Stories
1
Buildings
7
Lot
13.37 ac
Current owner
From public records · entity-resolved
Ob Frank Properties LLC
Entity
Mailing address
PO BOX 726, BELLEVUE, WA 98009-0726
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2008
—
Ob Frank Properties LLC
—
Trustees Deed
related
$30,000,000 · Pacific National Bank
Mar 29, 2007
$10,505,000
Ob Frank Properties LLC
Puget Western INC
Grant Deed
$7,878,750 · Puget Wstn INC
Feb 7, 2005
—
Puget Western INC
Puget Sound Energy INC
Quit Claim Deed
related
—
Aug 31, 1990
$6,098,000
Natural Gas Washington
Undi
Grant Deed
—
—
—
Ob Frank Properties LLC
—
Deed Of Trust
related
$29,600,000 · Us Bank NA
—
—
Ob Frank Properties LLC
—
Loan Modification
related
$41,760,000 · Morgan Stanley Pvt Bk NA
—
—
Ob Frank Properties LLC
—
Deed Of Trust
related
$6,400,000 · Pacific National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
