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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Office buildings
970 5th NW Ave, Issaquah, WA 98027-2469
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1668430
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
WOOD
Total area
6,036 SF
Lot
1.12 ac (48,590 SF)
Zoning code
MUR
APN
884390-0559
UPID
US90-1668430
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
$2.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.73M
Owner & transaction history
Kk Property Development LLC · 11 yrs held
Kk Property Development LLC
since 2014
7 recorded transactions
Zoning & alternative use
MUR · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+4.5%
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%
$2,340,000
6.5%
$2,160,000
7%
$2,005,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,650,000
Current use
AUTO REPAIR, GARAGE
$2,770,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$2,385,000
Change: -10% · Conversion: Easy
RETAIL STORES
$2,370,000
Change: -11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,300,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$287 / 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
$18,802
Tax year 2022
Assessed value
$2,477,800
Assessed 2022
Previous assessed
$2,477,800
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,944,500
Assessed improvement
$533,300
Land market value
$1,944,500
Improvement market value
$533,300
Total market value
$2,477,800
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
1979
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
6,036 SF
Lot
1.12 ac (48,590 SF)
Zoning code
MUR
APN
884390-0559
UPID
US90-1668430
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MUR · Issaquah, WA
Zoning MUR · permitted uses
MUR · 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
OFFICE BUILDING Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (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
1979
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Kk Property Development LLC
Entity
Mailing address
165 NE JUNIPER ST STE #100, ISSAQUAH, WA 98027-2518
Ownership since
2014
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
Nov 5, 2020
—
Kk Property Development LLC
—
Deed
related
$1,520,000 · Columbia State Bank
Jul 15, 2014
$1,675,000
Kk Property Development LLC
Regency Pacific INC
Warranty Deed
$1,605,000 · Foundation Bank
Jan 14, 2005
$2,700,000
Regency Pacific INC
Thomas,nathan R & Jean S
Warranty Deed
$2,040,000 · Sterling Savings Bank
—
—
Regency Pacific INC
—
Deed Of Trust
related
$1,000,000 · Baybank
—
—
Nathan R Thomas
—
Deed Of Trust
related
$285,000 · Issaquah Bank
—
—
Regency Pacific INC
—
Deed Of Trust
related
$800,000 · Baybank
—
—
Kk Property Dev LLC
—
Loan Modification
related
$1,680,000 · Foundation Bk
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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