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Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Retail space
190 Sunset Ave Edmonds, WA 98020-4112
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0352550
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
21,056 SF
Lot
4.28 ac (186,437 SF)
Zoning code
BC
APN
27032300104500
UPID
US90-0352550
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
-
F&D Duo LLC Restaurant
-
Salish Crossing Business Service Center Corporate Office
-
Cascadia Art Museum Art Museum Tourist Attraction
-
Scratch Distillery Brewery & Distillery Bar & Pub
-
Epulo Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.57M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$4.79M
Owner & transaction history
Salish Crossing Group LLC · 4 yrs held
Salish Crossing Group LLC
since 2022
7 recorded transactions
Zoning & alternative use
BC · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to reserve areas for those retail stores,offices, service establishments and amusement establishments which offer goods and services to the entire community
Zone name
Community Business
General category
COMMERCIAL
Zone area
18.93 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$6.4M
+4.1%
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%
$4,945,000
6.5%
$4,565,000
7%
$4,240,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,130,000
Current use
COMMERCIAL (GENERAL)
$6,385,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$6,080,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±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
$227 / 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
$109,197
Tax year 2023
Assessed value
$15,904,000
Assessed 2023
Previous assessed
$15,539,200
+2.3% YoY
Effective rate
0.69%
On assessed value
Assessed land
$7,874,100
Assessed improvement
$8,029,900
Land market value
$7,874,100
Improvement market value
$8,029,900
Total market value
$15,904,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Bathrooms
1
Total area
21,056 SF
Lot
4.28 ac (186,437 SF)
Zoning code
BC
APN
27032300104500
UPID
US90-0352550
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BC · Edmonds, WAZoning BC · permitted uses
BC · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to reserve areas for those retail stores,offices, service establishments and amusement establishments which offer goods and services to the entire community
Zone name
Community Business
General category
COMMERCIAL
Zone area
18.93 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$6.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1966
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
4.28 ac
Current owner
From public records · entity-resolved
Salish Crossing Group LLC
Entity
Mailing address
RENTON, WA 97057
Ownership since
2022
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
Mar 31, 2022
—
Salish Crossing Group LLC
—
Deed
related
$15,750,000 · Wells Fargo Bank NA
Mar 15, 2022
—
Salish Crossing Group LLC
Fort Wayne Lima Rd Associates I LLC
Special Warranty Deed
—
Dec 30, 2020
—
Fort Wayne Lima Rd Assocs I Ll
Salish Crossing LLC
Grant Deed
—
Apr 30, 2018
—
Salish Crossing LLC
—
Deed
related
$2,000,000 · M&t Bk
Jan 30, 2017
—
Salish Crossing LLC
—
Deed
related
$10,500,000 · M & T Bank
Sep 19, 2012
$4,500,280
Salish Crossing LLC
Edmonds Shopping Center Associates
Warranty Deed
$4,811,000 · Manufacturers & Traders Trust Co
—
—
Salish Crossing LLC
—
Loan Modification
related
$5,950,000 · Manufacturers Traders & Trust
—
—
Esc Associates
—
Deed Of Trust
related
$1,600,000 · Banner Bank
—
—
Salish Crossing LLC
—
Loan Modification
related
$2,000,000 · M&t Bk
—
—
Mini Mart Goodies
—
Deed Of Trust
related
$10,000 · City Bank
—
—
Sunset Retails INC
—
Deed Of Trust
related
$25,000 · City 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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