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Property profile & analytics
OFF-MARKET
Estimated value
$30,290,000
Assisted living facilities
180 2nd S Ave, Edmonds, WA 98020-3512
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1115988
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
WOOD
Total area
69,748 SF
Lot
1.31 ac (57,064 SF)
Zoning code
BD4
APN
27032300409000
UPID
US90-1115988
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
-
Edmonds Landing Assisted Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.29M
Owner & transaction history
Epc Landlord Group LLC · 5 yrs held
Epc Landlord Group LLC
since 2021
Last sale
$28.8M
5 recorded transactions
Zoning & alternative use
BD4 · 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
$33,375,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$30.29M
Range $27.26M – $33.32M · ±10% · vs last sale $28.75M (Feb 3 2021)
Last sale anchor
$28.75M
Feb 3 2021
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
$434 / 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
$112,413
Tax year 2023
Assessed value
$16,372,400
Assessed 2023
Previous assessed
$16,256,000
+0.7% YoY
Effective rate
0.69%
On assessed value
Assessed land
$3,053,900
Assessed improvement
$13,318,500
Land market value
$3,053,900
Improvement market value
$13,318,500
Total market value
$16,372,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
69,748 SF
Lot
1.31 ac (57,064 SF)
Zoning code
BD4
APN
27032300409000
UPID
US90-1115988
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BD4 · Edmonds, WA
Zoning BD4 · permitted uses
BD4 · 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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Epc Landlord Group LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2021
$28,750,000
Epc Landlord Group LLC
Arhc Eledmwao1 LLC
Special Warranty Deed
—
Jun 23, 2014
$29,350,000
Arhc Eledmwa01 LLC
Aewsh Edmonds Landing Senior H
Grant Deed
—
Oct 31, 2007
$23,334,662
Aewsh Edmonds Landing Senior Housin
Edmonds Retirement Community LLC
Warranty Deed
$15,350,000 · Prudential Multifamily Mortgage INC
Dec 10, 1999
$1,420,000
Edmonds Retirement Community
Efca LLC
Grant Deed
$11,062,500 · West Coast Bank
—
—
Edmonds Landing Senior H Aewsh
—
Deed Of Trust
related
$39,500,000 · Pnc 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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