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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Commercial real estate
128 4th Ave S Ste 100 Edmonds, WA 98020-8462
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0664764
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2004
Construction
WOOD
Total area
2,173 SF
Zoning code
BD2
APN
1016400010000
UPID
US90-0664764
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
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$900k
Owner & transaction history
New 4th Ave S Edmonds INC · 2 yrs held
New 4th Ave S Edmonds INC
since 2024
Last sale
$899,000
6 recorded transactions
Zoning & alternative use
BD2 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$945,000
+43.1%
Medical building
$850,000
+28.8%
Office building
$840,000
+27.7%
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$660,000
Current use
AUTO REPAIR, GARAGE
$945,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$840,000
Change: +28% · Conversion: Easy
RETAIL STORES
$635,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$630,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $899k (Apr 23 2024)
Last sale anchor
$899k
Apr 23 2024
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
$414 / 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
$5,076
Tax year 2023
Assessed value
$700,700
Assessed 2023
Previous assessed
$650,300
+7.8% YoY
Effective rate
0.72%
On assessed value
Assessed land
$91,400
Assessed improvement
$609,300
Land market value
$91,400
Improvement market value
$609,300
Total market value
$700,700
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
2004
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
2,173 SF
Zoning code
BD2
APN
1016400010000
UPID
US90-0664764
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BD2 · Edmonds, WA
Zoning BD2 · permitted uses
BD2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$945,000
MEDICAL BUILDING
Est. value
$850,000
OFFICE BUILDING
Est. value
$840,000
RETAIL STORES
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$630,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
New 4th Ave S Edmonds INC
Entity
Mailing address
17216 73RD AVE W, EDMONDS, WA 98026-5117
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
$899,000
New 4th Ave S Edmonds INC
4th Ave Edmonds LLC
Warranty Deed
$809,100 · Us Bank NA
Feb 16, 2018
$678,029
4th Ave Edmonds LLC
Addco Investments LLC
Warranty Deed
$576,300 · Wells Fargo Bank NA
Jul 28, 2017
—
Addco Investments LLC
—
Deed
related
$281,261 · Mountain Pacific Bank
Jun 30, 2006
$495,000
Addco Investments LLC
Echelbarger,michael D & Kathleen A
Warranty Deed
$399,992 · City Bank
Apr 13, 2005
—
Michael D Echelbarger
Copperstone LLC
Quit Claim Deed
related
$393,750 · Bank Of Washington
—
—
Addco Investments LLC
—
Deed Of Trust
related
$400,000 · Golf Savings Bank
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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