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Financial
Distress signals
Property profile

115 2Nd Ave S Edmonds, WA 98020

FOR LEASE
Office buildings
Property ID
US90-1256815
10,779 SF 0.17 ac lot Built 1981
Last sale Oct 2001 · $2,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
115 2Nd Ave S, Edmonds, WA 98020 For Lease
$3,388/Mo 3,388 SF available
115 2Nd Ave S, Edmonds, WA 98020
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$2.72M
Assessed land$738k
Assessed improvement$1.98M
Effective rate0.69%

Value estimate

· Oct 2026
$725k
$653k – $798k
NOI build-up
Gross scheduled income$93k
Vacancy & credit loss−$12k
Operating expenses−$20k
NOI · 1,781.14% cap applied$60k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$387/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$242 – $539

Cap rate analysis

How does the asset earn?
1,781.14%
$60k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
E0
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop15.1
Pharmacy13.8
Auto Parts Store13.6

Location

115 2Nd Ave S Edmonds, WA 98020
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
655 Edmonds, Edmonds, WA 98020-4640 $1,600,000 Aug 2022 4,060 SF
435 Sprague, Edmonds, WA 98020 $461,333 Jan 2022 6,268 SF
627 Dayton, Edmonds, WA 98020-3432 $1,600,000 Dec 2021 4,768 SF
543 Main, Edmonds, WA 98020-3162 $620,000 Feb 2021 4,923 SF
111 Sunset N, Edmonds, WA 98020-3229 $2,500,000 Feb 2021 4,720 SF
22817 102nd W, Edmonds, WA 98020-5131 $3,988,888 Oct 2020 8,253 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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