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Property profile & analytics
OFF-MARKET
Estimated value
$8,205,000
Office buildings
144 Railroad Ave Edmonds, WA 98020-7207
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1396881
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1982
Construction
WOOD
Total area
52,970 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CW
APN
27032300104300
UPID
US90-1396881
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
-
ManageMowed Franchising, LLC Landscaping General Contractor
-
jared hellings Medical Clinic
-
Naomi Oderberg, PhD Physician Medical Clinic
-
PATRICIA WORTHEY PhD Physician Medical Clinic
-
Shelley White, LMHC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.21M
Owner & transaction history
Project S15 LLC · 10 yrs held
Project S15 LLC
since 2016
4 recorded transactions
Zoning & alternative use
CW · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$155 / 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
$46,577
Tax year 2023
Assessed value
$6,750,000
Assessed 2023
Previous assessed
$7,400,000
-8.8% YoY
Effective rate
0.69%
On assessed value
Assessed land
$3,373,900
Assessed improvement
$3,376,100
Land market value
$3,373,900
Improvement market value
$3,376,100
Total market value
$6,750,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
3
Total area
52,970 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CW
APN
27032300104300
UPID
US90-1396881
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CW · Edmonds, WA
Zoning CW · permitted uses
CW · 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.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
0.72 ac
Current owner
From public records · entity-resolved
Project S15 LLC
Entity
Mailing address
18605 17TH AVE NW, SHORELINE, WA 98177-3316
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2016
—
Project S15 LLC
Waterfront Park Associates INC
Warranty Deed
$4,950,000 · Boeing Employees Cu
—
—
Waterfront Park Associates INC
—
Deed Of Trust
related
$2,800,000 · Washington Mutual Fsb
—
—
Waterfront Park Associates INC
—
Deed Of Trust
related
$200,000 · Washington Mutual Fsb
—
—
Project S15 LLC
—
Loan Modification
related
$6,900,000 · Boeing Emps Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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