Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Retail space
201 5th S Ave Edmonds, WA 98020-3481
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-0352552
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
TYPE NOT SPECIFIED
Total area
30,436 SF
Lot
0.45 ac (19,602 SF)
Zoning code
E0
APN
434212100100
UPID
US90-0352552
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
-
Soundview Family Dental Dental Office
-
The Hotel Group Property Investment Company
-
barre3 Gym & Fitness Center
-
Gracie Barra Edmonds Brazilian Jiu Jitsu Training Center Sports School
-
Edmonds Vision Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.36M
Owner & transaction history
Rh Old Mill Town Associates Ll · 14 yrs held
Rh Old Mill Town Associates Ll
since 2011
7 recorded transactions
Zoning & alternative use
E0 · 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
$143 / 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
$58,738
Tax year 2023
Assessed value
$8,554,900
Assessed 2023
Previous assessed
$6,354,200
+34.6% YoY
Effective rate
0.69%
On assessed value
Assessed land
$1,234,100
Assessed improvement
$7,320,800
Land market value
$1,234,100
Improvement market value
$7,320,800
Total market value
$8,554,900
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
1910
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
30,436 SF
Lot
0.45 ac (19,602 SF)
Zoning code
E0
APN
434212100100
UPID
US90-0352552
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E0 · Edmonds, WAZoning E0 · permitted uses
E0 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Rh Old Mill Town Associates Ll
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 5003, BELLEVUE, WA 98009-5003
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2023
—
Rh Old Mill Town Associates LLC
—
Deed
related
$2,700,000 · Riversource Life Insurance Co
Dec 22, 2011
$2,528,382
Rh Old Mill Town Associates Ll
Colby R E LLC
Warranty Deed
—
May 5, 2010
$5,800,000
Colby R E LLC
Hussey Patrick F
Trustees Deed
related
—
Jul 10, 2006
—
Yues Old Milltown INC
Yues Old Milltown INC
Quit Claim Deed
$4,800,000 · Cascade Bank
Dec 1, 1989
$965,000
Gerald H Kumata
Unknown
Grant Deed
$878,150 · University Savings Bank
—
—
Gregg Production Assocs INC
—
Deed Of Trust
related
$6,650,000 · Cascade Bank
—
—
Rh Old Mill Town Associates Ll
—
Deed Of Trust
related
$3,000,000 · Standard Insurance Co
—
—
Gregg Production Assocs INC
—
Deed Of Trust
related
$300,000 · Cascade Bank
—
—
Gregg Production Assocs INC
—
Deed Of Trust
related
$1,500,000 · Belfor USA Group INC
—
—
Gregg Production Assocs INC
—
Deed Of Trust
related
$900,000 · Edmond A & Barbara L Lee
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 201 5th S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
