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Financial
Distress signals
Property profile

7426 SE 27Th St Mercer Island, WA 98040

FOR LEASE
Office buildings
Property ID
US90-1587849
5,317 SF 0.22 ac lot Built 1958
Last sale Dec 2014 · $1,224,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office building located in Mercer Island, Washington, positioned between Bellevue and Seattle for access to Interstate 90. It contains approximately 1,317 square feet of office space and is configured for general office use to support a variety of business needs.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$9k
Tax billed · 2022
Assessed value$1.53M
Assessed land$735k
Assessed improvement$796k
Effective rate0.61%

Value estimate

· Oct 2026
$980k
$882k – $1.08M
NOI build-up
Gross scheduled income$71k
Vacancy & credit loss−$16k
Operating expenses−$14k
NOI · 109,707.89% cap applied$42k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$377/SF
County average, outlier-cleaned · 676 recorded sales of this use type
Observed band · Q1–Q3$219 – $623

Cap rate analysis

How does the asset earn?
109,707.89%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MF-2
MF-2L, MF-3, MF-2, P, PBZ, C-O, TC, and B. The location of the zone boundary shall be determined by use of the scale appearing on the zon...
General categoryRESIDENTIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.4
Clothing Store9.5
Garden Center9.3

Location

7426 SE 27Th St Mercer Island, WA 98040
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 12 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
3003 77th SE, Mercer Island, WA 98040-2837 $114,095,000 Apr 2022 155,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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