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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Commercial real estate
1233 Olympic Vw Dr Edmonds, WA 98020-2658
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1467299
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
3,560 SF
Lot
0.22 ac (9,583 SF)
Zoning code
BN
APN
865300000100
UPID
US90-1467299
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
Current use
Occupant on record · Public records
-
Bloom Early Education High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$630k
Owner & transaction history
Olympic View Drive Prop LLC · 6 yrs held
Olympic View Drive Prop LLC
since 2019
7 recorded transactions
Zoning & alternative use
BN · Edmonds, 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 Edmonds submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Edmonds 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%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,035,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,030,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$177 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,521
Tax year 2023
Assessed value
$948,300
Assessed 2023
Previous assessed
$890,000
+6.6% YoY
Effective rate
0.69%
On assessed value
Assessed land
$700,100
Assessed improvement
$248,200
Land market value
$700,100
Improvement market value
$248,200
Total market value
$948,300
Applied tax rate
210.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
3,560 SF
Lot
0.22 ac (9,583 SF)
Zoning code
BN
APN
865300000100
UPID
US90-1467299
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BN · Edmonds, WA
Zoning BN · permitted uses
BN · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edmonds. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES
WAREHOUSE, STORAGE
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
1979
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Olympic View Drive Prop LLC
Entity
Mailing address
120 3RD AVE W, EDMONDS, WA 98020
Ownership since
2019
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
Nov 6, 2019
$1,500,000
Olympic View Drive Prop LLC
Page David B Living Trust
Warranty Deed
—
Apr 14, 2011
—
Page David B Living Trust
Olympic View Dr Assocs
Grant Deed
$375,000 · Zions First National Bank
Aug 24, 1998
—
David B Page
Olympic View Drive
Quit Claim Deed
related
$415,498 · Bank Of Edmonds
—
—
David B Page
—
Deed Of Trust
related
$250,000 · Gary E Culver
—
—
Page David B Living Trust
—
Deed Of Trust
related
$165,000 · Gary E Culver
—
—
Page David B Liv Trust
—
Deed Of Trust
related
$630,000 · Sound Community Bank
—
—
David B Page
—
Deed Of Trust
related
$465,000 · Frontier Bank
—
—
David B Page
—
Deed Of Trust
related
$205,000 · Gary E Culver
—
—
David B Page
—
Deed Of Trust
related
$200,000 · Gary E Culver
—
—
Page David B Living Trust
—
Deed Of Trust
related
$306,000 · Gary E Culver
—
—
Page David B Living Trust
—
Deed Of Trust
related
$200,000 · Gary E Culver
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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