Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    115 4th S Ave Edmonds, WA 98020-3515
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 4th S Ave Edmonds, WA 98020-3515

    View on Map
    • Office buildings
    • 3,490 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Apr 9, 2024
    $2,050,000
    Property ID
    US90-1449139
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marjorie Fiddler Weaver / Textile Manufacturer
    • Lindsay B. Staker, MSOM / Alternative Medicine Practice / Acupuncture
    • Nicole Johnson, LAC / Medical Clinic
    • Cornelia Street Beauty Spa / Alternative Medicine Practice / Spa & Massage Center
    • Law Offices of Kamela James / Law Firm

    Property Details for 115 4th S Ave

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    3,490 SF
    Zone code
    E0
    Property type
    Office buildings
    APN
    27032300404100
    APU
    27032300404100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.378
    Latitude
    47.8104
    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
    2023
    $6,718
    $828,800
    $149,700
    $978,500
    -
    $828,800
    $149,700
    $978,500

    Comparable in this City

    • Value Estimation
      $6,240,000
      31,626 SF

      123 2nd S Ave

      PROFESSIONAL BUILDING • 31,626 SF
      123 2nd S Ave, Edmonds, WA 98020-8457
      View Details
    • Value Estimation
      $3,310,000
      17,092 SF

      51 Dayton St

      PROFESSIONAL BUILDING • 17,092 SF
      51 Dayton St, Edmonds, WA 98020-4111
      View Details
    • Value Estimation
      $1,705,000
      3,736 SF

      221 James St

      PROFESSIONAL BUILDING • 3,736 SF
      221 James St, Edmonds, WA 98020-8401
      View Details
    • Value Estimation
      $765,000
      4,923 SF

      543 Main St

      PROFESSIONAL BUILDING • 4,923 SF
      543 Main St, Edmonds, WA 98020-3162
      View Details
    • Value Estimation
      $1,545,000
      9,389 SF

      23107 100th W Ave

      PROFESSIONAL BUILDING • 9,389 SF
      23107 100th W Ave, Edmonds, WA 98020-5062
      View Details
    • Value Estimation
      $1,815,000
      4,768 SF

      627 Dayton St

      PROFESSIONAL BUILDING • 4,768 SF
      627 Dayton St, Edmonds, WA 98020-3432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,362 SF

      Downtown Edmonds Office/Retail Condo

      Office/retail condominium building for sale in downtown Edmonds.
      111 Main St, Edmonds, WA 98020
      View Details
    • $2,095,000
      3,576 SF

      Edmonds Office Building For Sale

      Office building with 3576 square feet of space.
      109 Main St, Edmonds, WA 98020
      View Details
    • $3,295,000

      Downtown Edmonds Versatile Commercial Space

      Landmark building with versatile commercial space in downtown Edmonds.
      542 Main St, Edmonds, WA 98020
      View Details
    • $3,295,000
      7,560 SF

      Iconic Building in Downtown Edmonds

      Versatile commercial space in a high-traffic, walkable location.
      542 Main St, Edmonds, WA 98020
      View Details
    • Contact for pricing

      Edmonds Mixed-Use Redevelopment Opportunity

      Large BD2-zoned lot with redevelopment potential in Edmonds Bowl.
      627 Dayton St, Edmonds, WA 98020
      View Details
    • Contact for pricing

      Edmonds Way Land Opportunity

      Two parcels with high-visibility frontage in a thriving Edmonds market.
      9511 Edmonds Way, Edmonds, WA 98020
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr

      Downtown Edmonds Standalone Office Building

      2,050 SF standalone office building in the heart of Edmonds.
      146 3Rd Ave S, Edmonds, WA 98020
      View Details
    • $5,040 /Mo
      2,050 SF

      Downtown Edmonds Standalone Office Building

      2,050 SF office building with parking in downtown Edmonds.
      146 3Rd Ave S, Edmonds, WA 98020
      View Details
    • $29 SF/Yr

      Downtown Edmonds Standalone Office Building

      2,050 SF office space in the heart of Edmonds.
      146 3Rd Ave S, Edmonds, WA 98020
      View Details
    • Contact for pricing

      Downtown Edmonds Waterfront Office Space

      Office space for rent in downtown Edmonds along the waterfront.
      300 Admiral Way, Edmonds, WA 98020
      View Details
    • Contact for pricing

      Edmonds Office/Retail Space Available

      Ground floor office/retail space with parking in Edmonds, WA.
      110 3Rd Ave N, Edmonds, WA 98020
      View Details
    • $4,445 /Mo
      1,524 SF

      Wellness Space Near Waterfront Park

      Collaborative wellness space with private offices near Edmonds waterfront.
      300 Admiral Way, Edmonds, WA 98020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 4th S Ave
    Edmonds, WA 98020-3515
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!