Edmonds Medical Corridor
21827 76th Ave W Edmonds, WA 98026
21827 76th Ave W, Edmonds, WA, 98026
$6,200,000
For Sale
$6,200,000
Medical office space in Edmonds near Swedish Edmonds Campus.
Property Size13,015 SF
Price / SF$476.37
Days on Market95
Property Features for 21827 76th Ave W
General Information
- Standard status
- Active
- Size
- 13,015 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(206) 210-5207
Listed by
AARON MATHIEU
Source
Corcoran
Added: Apr 20 Updated: Jul 10 at 1:13PM Checked: Jul 22 at 7:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This property presents a fantastic owner/user opportunity situated in the heart of Edmonds, specifically within the Edmonds Medical Corridor. The location offers great visibility, enhanced by frontage and signage opportunities on 76th Avenue W. It is adjacent to the Swedish Edmonds Campus and the UW Medicine Heart Institute, providing convenient access to Highway 99 and I-5. The property size is 13,015 square feet.
Key Highlights
- Prime location in the Edmonds Medical Corridor with high visibility and frontage on 76th Avenue W.
- Adjacent to Swedish Edmonds Campus and UW Medicine Heart Institute.
- Excellent owner/user opportunity.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $356.1k | $27.36 |
| − Vacancy | −$47.0k | −$3.61 |
| EGI | $309.1k | $23.75 |
| − OpEx | −$77.3k | −$5.94 |
| NOI | $231.8k | $17.81 |
13,015 SF · lease $27.36/SF/yr · vacancy 13.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.31M
$2.90M – $3.86M
NOI $231,815 @ 7.0% cap · market cap 3.74%
Second Best
Healthcare Medical
$2.72M
$2.38M – $3.18M
NOI $190,557 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$3.63M
$3.18M – $4.23M
NOI $254,076 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Steven Swedberg, MD
Eye Care Center
Swedberg Steven H ...
Ophthalmologist
Swedberg Eye Care ...
Ophthalmologist
Edmonds Ideal Weight ...
Weight Loss Service
Robert J. Reichler, ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Edmonds Veterinary Hospital — 21111 84th Ave W, Edmonds, WA 98026
- Bridge Animal Referral Center — 8401 Main St, Edmonds, WA 98026
- Veterinary Cancer Specialty Care @ Bridge Animal Referral Center — 8401 Main St, Edmonds, WA 98026
- Edmonds Veterinary Hospital: Robyn Fry DVM — 21111 84th Ave W, Edmonds, WA 98026
- Dr. George Downs — 21111 84th Ave W, Edmonds, WA 98026
FAQs
What type of property is this?
Medical Office Space - Medical office space in Edmonds near Swedish Edmonds Campus.
Where is this medical office space located?
The property is located at 21827 76th Ave W Edmonds, WA.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Prime location in the Edmonds Medical Corridor with high visibility and frontage on 76th Avenue W.; Adjacent to Swedish Edmonds Campus and UW Medicine Heart Institute.; Excellent owner/user opportunity.
