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Property profile & analytics
OFF-MARKET
Estimated value
$23,565,000
Distribution centers
8152 304th SE Ave Issaquah, WA 98027-8889
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1010458
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
153,450 SF
Lot
4.25 ac (185,280 SF)
Zoning code
IP
APN
322407-9001
UPID
US90-1010458
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
$26.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.57M
Owner & transaction history
Reef Preston LLC · 13 yrs held
Reef Preston LLC
since 2012
7 recorded transactions
Zoning & alternative use
IP · Issaquah, WA
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%
$28,620,000
6.5%
$26,420,000
7%
$24,535,000
Blend value · Realmo final
$23.57M
Range $21.21M – $25.92M · ±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
$154 / 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
$286,937
Tax year 2022
Assessed value
$28,542,300
Assessed 2022
Previous assessed
$28,542,300
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,852,800
Assessed improvement
$26,689,500
Land market value
$1,852,800
Improvement market value
$26,689,500
Total market value
$28,542,300
Applied tax rate
6,982.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
153,450 SF
Lot
4.25 ac (185,280 SF)
Zoning code
IP
APN
322407-9001
UPID
US90-1010458
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IP · Issaquah, WAZoning IP · permitted uses
IP · Issaquah, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Issaquah Land Use Code
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
4.25 ac
Current owner
From public records · entity-resolved
Reef Preston LLC
Entity
Mailing address
1015 3RD AVE STE #900, SEATTLE, WA 98104-1155
Ownership since
2012
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
Dec 28, 2012
$26,000,000
Reef Preston LLC
Bdc Preston Properties One LP
Grant Deed
—
Jan 22, 2002
—
Bdc Preston Prop One LP
Reeves,john S
Quit Claim Deed
related
—
Feb 2, 1990
$1,500,000
Preston Properties One Bdc
Preston Industri
Grant Deed
related
—
—
—
Preston Properties One Bdc
—
Deed Of Trust
related
$26,000,000 · Bank Of America
—
—
Preston Properties One Bdc
—
Deed Of Trust
related
$980,000 · Charter Bank
—
—
Bdc Preston Properties One Ltd
—
Deed Of Trust
related
$15,853,000 · Midland Loan Services LP
—
—
Bdc Preston Properties One LP
—
Deed Of Trust
related
$14,950,000 · Us Bank Of Washington
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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