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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Turn key restaurants
98 Gilman Blvd Issaquah, WA 98027-2515
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3255193
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Construction
WOOD
Total area
2,498 SF
Lot
0.77 ac (33,460 SF)
Zoning code
DR
APN
884350-0015
UPID
US90-3255193
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
$3.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.01M
Owner & transaction history
98 Ne Gilman Blvd LLC · 2 yrs held
98 Ne Gilman Blvd LLC
since 2023
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
DR · Issaquah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,910,000
ML approach
$3,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $4.10M (Dec 1 2023)
Last sale anchor
$4.10M
Dec 1 2023
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
$1,605 / 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
$14,683
Tax year 2022
Assessed value
$1,934,400
Assessed 2022
Previous assessed
$1,934,400
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$1,338,400
Assessed improvement
$596,000
Land market value
$1,338,400
Improvement market value
$596,000
Total market value
$1,934,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
2,498 SF
Lot
0.77 ac (33,460 SF)
Zoning code
DR
APN
884350-0015
UPID
US90-3255193
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DR · Issaquah, WA
Zoning DR · permitted uses
DR · 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.
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
98 Ne Gilman Blvd LLC
Entity
Mailing address
24007 SE 24TH ST, ISSAQUAH, WA 98075-6049
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$4,100,000
98 Ne Gilman Blvd LLC
Honita LLC
Warranty Deed
—
Oct 24, 2019
—
Honita LLC
—
Deed
related
$2,620,000 · Readycap Lndg
Jan 30, 2019
—
Honita LLC
—
Deed
related
$1,950,000 · Gilman Opportunity Capital LLC
Dec 29, 2016
—
Honita LLC
—
Deed
related
$1,465,000 · Plaza Bank
Jun 12, 2006
$2,030,000
Honita LLC
Lipkin,norman & Hermila
Warranty Deed
$1,500,000 · Cnl Mortgage
Dec 14, 2004
—
Hermila Lipkin
Lipkin,norman
Quit Claim Deed
related
—
Nov 14, 2003
—
Norman Lipkin
Lipkin,norman & Hermila
Quit Claim Deed
related
$20,000 · Key Bank NA
Nov 9, 2001
—
Norman Lipkin
Lipkin,norman
Quit Claim Deed
related
—
Jun 12, 1998
—
Norman Lipkin
—
Grant Deed
related
$250,000 · Key Bank NA
—
—
Honita LLC
—
Deed Of Trust
related
$1,950,000 · Gilman Opportunity Capital LLC
—
—
Norman Lipkin
—
Deed Of Trust
related
$667,000 · Key Bank NA
—
—
Honita LLC
—
Deed Of Trust
related
$2,620,000 · Readycap Lndg
—
—
Honita LLC
—
Loan Modification
related
—
—
—
Norman Lipkin
—
Deed Of Trust
related
$650,000 · Key Bank NA
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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