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    975 5th NW Ave Issaquah, WA 98027-2419
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    Property profile & analytics

    975 5th NW Ave Issaquah, WA 98027-2419

    View on Map
    • Office buildings
    • 11,595 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Feb 2, 2026
    $5,150,000
    Property ID
    US90-1206874
    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
    $4,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 975 5th NW Ave

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    11,595 SF
    Zone code
    MUR
    Property type
    Office buildings
    APN
    884390-0511
    APU
    8843900511

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,495,000
      6.5%
      $4,150,000
      7%
      $3,855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,907,000
      Market price range: $3.91M - $6.93M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,095,000
      Current use
      RESTAURANT
      $6,150,000
      Change: +21% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,910,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,325,000
      Change: +5% Conversion: Difficult
      MEDICAL BUILDING
      $4,580,000
      Change: -10% Conversion: Easy
      RETAIL STORES
      $4,550,000
      Change: -11% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $4,420,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Issaquah
    County
    King
    State
    Washington
    Longitude
    -122.045
    Latitude
    47.5406
    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
    $19,435
    $1,120,400
    $1,441,000
    $2,561,400
    -
    $1,120,400
    $1,441,000
    $2,561,400

    Comparable in this City

    • Value Estimation
      $5,275,000
      26,188 SF

      22500 64th Pl

      OFFICE BUILDING • 26,188 SF
      22500 64th Pl, Issaquah, WA 98027-8111
      View Details
    • Value Estimation
      $1,720,000
      8,144 SF

      22526 64th Pl

      OFFICE BUILDING • 8,144 SF
      22526 64th Pl, Issaquah, WA 98027-5368
      View Details
    • Value Estimation
      $1,125,000
      3,969 SF

      33010 99th St

      OFFICE BUILDING • 3,969 SF
      33010 99th St, Issaquah, WA 98027
      View Details
    • Value Estimation by Request
      1,300 SF

      110 Bush St

      OFFICE BUILDING • 1,300 SF
      110 Bush St, Issaquah, WA 98027-3928
      View Details
    • Value Estimation
      $48,645,000
      165,676 SF

      1045 Lk Dr

      OFFICE BUILDING • 165,676 SF
      1045 Lk Dr, Issaquah, WA 98027-5331
      View Details
    • Value Estimation
      $1,220,000
      5,640 SF

      485 Rainier N Blvd

      OFFICE BUILDING • 5,640 SF
      485 Rainier N Blvd, Issaquah, WA 98027-2835
      View Details

    Similar Nearby for Sale

    • $19,000,000
      44,343 SF

      Mixed-Use Building with Freeway Visibility

      Mixed-use building with signage and freeway visibility for sale.
      371 Gilman Blvd, Issaquah, WA 98027
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      Downtown Office Building For Sale

      2,350 SF office building in prime downtown location.
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    • $4,400,000
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      Issaquah Two-Story Commercial Building

      8,289 SF two-story building suitable for owner/user or investment.
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    • $19,000,000
      44,343 SF

      Class A Office Space

      Class A office space with I-90 access and retail amenities.
      371 NE Gilman Blvd, Issaquah, WA 98027
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    • $1,200,000
      2,490 SF

      Charming Retail Office in Issaquah

      Unique 2,490 SF retail office with historic charm.
      158 1St Pl NW, Issaquah, WA 98027
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    • $850,000
      2,051 SF

      Office/Retail Condo Ready

      Office/Retail condo for sale, ready for improvements.
      14509 Cedar Grove Rd SE, Issaquah, WA 98027
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      9,543 SF

      Class A Office Building

      Issaquah office space with freeway access and nearby amenities.
      1180 Northwest Maple St, Issaquah, WA 98027
      View Details
    • $30 SF/Yr
      6,880 SF

      Issaquah Standalone Office Building

      Office building for lease in Issaquah with surrounding greenery.
      310 3Rd Ave NE, Issaquah, WA 98027
      View Details
    • Contact for pricing

      Issaquah Office Space Available

      Office building with 877 square feet available for rent.
      22510 SE 64Th Pl, Issaquah, WA 98027
      View Details
    • $2,223 /Mo
      485 SF

      Office Space Available For Rent

      Office space available for rent in Issaquah, WA.
      1480 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $2,402 /Mo
      1,153 SF

      Office Space with Natural Light

      Second-floor office space featuring abundant natural light and patio access.
      375 Gilman Blvd, Issaquah, WA 98027
      View Details
    • $6,135 /Mo
      2,583 SF

      Medical Office Space For Rent

      Class A medical office space with easy I-90 access.
      450 Gilman Blvd, Issaquah, WA 98027
      View Details
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    Issaquah, WA 98027-2419
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    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
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