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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
5837 221st SE Pl, Issaquah, WA 98027-8917
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0198378
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Construction
WOOD
Total area
1,630 SF
Lot
0.65 ac (28,245 SF)
Zoning code
MU
APN
127530-0045
UPID
US90-0198378
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
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$974k
Blend (final)
Blend
$1.31M
Owner & transaction history
Family Four Investing LLC · 2 yrs held
Family Four Investing LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
MU · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+16.0%
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
$1,255,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$830,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.35M (Jun 30 2023)
Last sale anchor
$1.35M
Jun 30 2023
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
$804 / 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
$6,021
Tax year 2022
Assessed value
$791,800
Assessed 2022
Previous assessed
$791,800
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$790,800
Assessed improvement
$1,000
Land market value
$790,800
Improvement market value
$1,000
Total market value
$791,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
1,630 SF
Lot
0.65 ac (28,245 SF)
Zoning code
MU
APN
127530-0045
UPID
US90-0198378
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
COMMERCIAL (GENERAL)
Est. value
$830,000
COMMERCIAL (GENERAL)
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
1947
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Family Four Investing LLC
Entity
Mailing address
5837 221ST PL SE, ISSAQUAH, WA 98027-8917
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Dec 18, 2024
—
Family Four Investing LLC
—
Deed
related
$375,000 · First Citizens Bank & Trust Co
Jun 30, 2023
$1,350,000
Family Four Investing LLC
River Valley Properties LLC
Warranty Deed
$1,012,500 · First Citizens Bank & Trust Co
Dec 2, 2021
—
River Valley Properties LLC
—
Deed
related
—
Jan 3, 2017
—
River Valley Properties LLC
—
Deed
related
$250,000 · Us Bank NA
Dec 20, 2006
$685,000
River Valley Properties LLC
Fpl Properties LLC
Warranty Deed
$550,000 · Homestreet Bank
Oct 12, 2005
$675,000
Fpl Properties LLC
Terry,steven P
Warranty Deed
$455,000 · Steven P Terry
Jul 19, 1993
$153,000
Steven P Terry
Terry
Grant Deed
related
$137,700 · Fleet Mortgage Corp
Oct 17, 1991
—
Terry,rocco
Darst,david&debb
Grant Deed
related
—
Sep 13, 1991
$170,000
Rocco L Terry
Darst
Grant Deed
$125,800 · Seller
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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