Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6405 229th SE Ave Issaquah, WA 98029-8934
    Back to Search
    Property profile & analytics

    6405 229th SE Ave, Issaquah, WA 98029-8934

    View on Map
    • Auto shops
    • 7,500 SF
    • 0.75 lot acres
    Off-Market
    Last Sale Dec 4, 2023
    $4,000,000
    Property ID
    US90-1052852
    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
    $3,910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 6405 229th SE Ave

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    0.75 lot acres
    Zone code
    IC
    Property type
    Auto shops
    APN
    272406-9194
    APU
    2724069194

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 4, 2023 $4,000,000 Tkr LLC 6405 229th Issaquah LLC Warranty Deed —
    Apr 4, 2022 — 6405 229th Issaquah LLC — Deed · related $975k · Columbia State Bank
    Jul 12, 2016 — 6405 229th Issaquah LLC — Deed · related $1.1M · Bank Of The Pacific
    Jul 11, 2016 — 6405 229th Issaquah LLC — Deed · related $872k · Ameritrust Cdc
    Jun 27, 2016 $2,085,000 6405 229th Issaquah LLC Pangborn,r J & Karen Warranty Deed $1.1M · Bank Of The Pacific
    — — Pangborn R J — Deed Of Trust · related $655k · Issaquah Bank
    — — Pangborn R J — Deed Of Trust · related $200k · Issaquah Bank
    — — 6405 229th Issaquah LLC — Deed Of Trust · related $1.1M · Bank Of The Pacific
    — — Pangborn R J — Deed Of Trust · related $560k · Issaquah Bank
    — — 6405 229th Issaquah LLC — Deed Of Trust · related $872k · Ameritrust Cdc

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,815,000
      ML approach
      $3,820,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,445,000
      Current use
      RESTAURANT
      $3,980,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $3,905,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,825,000
      Change: +11% Conversion: Moderate
      MEDICAL BUILDING
      $2,965,000
      Change: -14% Conversion: Difficult
      RETAIL STORES
      $2,940,000
      Change: -15% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,860,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.035
    Latitude
    47.5442
    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
    $11,390
    $1,466,900
    $33,100
    $1,500,000
    -
    $1,466,900
    $33,100
    $1,500,000

    Comparable in this City

    • Value Estimation by Request
      11,481 SF

      22819 Issaquah Fall City Rd

      AUTO REPAIR, GARAGE
      22819 Issaquah Fall City Rd, Issaquah, WA 98029-8920
      View Details
    • Value Estimation by Request
      3,593 SF

      4598 Klahanie SE Dr

      AUTO REPAIR, GARAGE
      4598 Klahanie SE Dr, Sammamish, WA 98029-5812
      View Details
    • Value Estimation by Request
      311,900 SF

      1755 Highlands NE Dr

      PARKING GARAGE, PARKING STRUCTURE
      1755 Highlands NE Dr, Issaquah, WA 98029
      View Details
    • Value Estimation by Request
      0.05 Acres

      Issaquah, WA 98029

      PARKING LOT
      Issaquah, WA 98029
      View Details
    • Value Estimation by Request
      0.42 Acres

      6405 Issaquah-fall City Rd

      PARKING LOT
      6405 Issaquah-fall City Rd, Issaquah, WA 98029
      View Details
    • Value Estimation by Request
      4,000 SF

      6210 Lk Sammamish SE Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      6210 Lk Sammamish SE Pkwy, Issaquah, WA 98029-8923
      View Details

    Similar Nearby for Sale

    • $2,400,000
      25,447 SF

      Land with Existing Access Easement

      Land available with an existing access easement.
      5106 Lake Sammamish Pkwy SE, Issaquah, WA 98029
      View Details
    • Contact for pricing

      Issaquah Land Parcel For Sale

      Five-acre Issaquah parcel suitable for building a custom home.
      2601 270Th Ave, Issaquah, WA 98029
      View Details
    • Contact for pricing

      Issaquah Acreage Ready For Vision

      26.44 acres near downtown Issaquah, ready for development.
      25520 SE Old Black Nugget Rd, Issaquah, WA 98029
      View Details

    Similar Nearby for Lease

    • $49,098
      16,366 SF

      Former Retail Space with Drive-Thru

      Available retail space with drive-thru and high visibility.
      5700 Lake Sammamish Pkwy SE, Issaquah, WA 98029
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Sammamish Center

      Retail space for lease in QFC-anchored Sammamish shopping center.
      4570 Klahanie Dr SE, Sammamish, WA 98029
      View Details
    • Contact for pricing
      16,366 SF

      Retail Space with Drive-Thru

      Former Bartell Drugs retail space with drive-thru and high ceilings.
      5700-5724 E Lake Sammamish Pkwy SE, Issaquah, WA 98029
      View Details
    • $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
    • $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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6405 229th SE Ave
    Issaquah, WA 98029-8934
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6405 229th SE Ave, Issaquah, WA, 98029
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!