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Property profile & analytics
FOR LEASE
Office buildings
975 5th NW Ave, Issaquah, WA 98027-2419
Entity Owned
~
Est. High Equity
Property ID
US90-1206874
For Lease
1 / 2
$4,590,000
975 5th NW Ave, Issaquah, WA 98027-2419
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
WOOD
Total area
11,595 SF
Lot
0.37 ac (16,006 SF)
Zoning code
MUR
APN
884390-0511
UPID
US90-1206874
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
$4.15M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$4.59M
Owner & transaction history
Q2r Estates LLC
Q2r Estates LLC
since 2026
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
MUR · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+20.8%
Commercial (general)
$5.9M
+16.0%
Auto repair, garage
$5.3M
+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%
$4,495,000
6.5%
$4,150,000
7%
$3,855,000
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
Blend value · Realmo final
$4.59M
Range $4.13M – $5.05M · ±10% · vs last sale $5.15M (Feb 2 2026)
Last sale anchor
$5.15M
Feb 2 2026
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
$396 / 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
$19,435
Tax year 2022
Assessed value
$2,561,400
Assessed 2022
Previous assessed
$2,561,400
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,120,400
Assessed improvement
$1,441,000
Land market value
$1,120,400
Improvement market value
$1,441,000
Total market value
$2,561,400
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
For Lease
Year built
1991
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
11,595 SF
Lot
0.37 ac (16,006 SF)
Zoning code
MUR
APN
884390-0511
UPID
US90-1206874
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
$5.1M
RESTAURANT
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1991
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Q2r Estates LLC
Entity
Mailing address
PO BOX 997, SNOQUALMIE, WA 98065-0997
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
—
Q2r Estates LLC
—
Deed
related
$622,500 · Harvest Small Busn Financial LLC
Feb 2, 2026
$5,150,000
Q2r Estates LLC
Kula L L C
Warranty Deed
$4,377,500 · Harvest Small Business Finance LLC
Mar 9, 2017
—
Kula LLC
—
Deed
related
$250,000 · Boeing Emps Cu
Nov 2, 2005
$2,300,000
Kula LLC
Telepress Building
Warranty Deed
$1,800,000 · Life Insurance Of Southwest
Sep 13, 1996
—
Telepress Building Joint Ventu
Deschennes,terry E & Rita K
Quit Claim Deed
related
$930,000 · Cascade Savings Bank
Oct 27, 1993
$652,064
Terry Deschenes
Jacobson,james W
Grant Deed
—
Oct 11, 1991
$120,000
Terry E Deschemes
Jacobson,james W
Grant Deed
$795,000 · Great Nw S Bk
—
—
Telepress Building Joint Vent
—
Deed Of Trust
related
$893,000 · Individual
—
—
Kula LLC
—
Deed Of Trust
related
$1,796,800 · Boeing Emps Cu
—
—
Kula LLC
—
Deed Of Trust
related
$250,000 · Boeing Emps Cu
—
—
Telepress Building Joint Ventu
—
Deed Of Trust
related
$1,225,000 · Peoples Bank & Trust
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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