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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial land
203 5th S Ave Edmonds, WA 98020-3618
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-0392039
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,907 SF
Lot
0.26 ac (11,326 SF)
Zoning code
E0
APN
434212103700
UPID
US90-0392039
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
-
Milltown Nails & Skin Care Nail Salon
-
Lavandula Beauty Hair Salon Nail Salon
-
Hazel Miller Plaza Tourist Attraction Park
-
Canarino Gelato Caffé Grocery & Convenience Store Specialty Food Shop
-
Transponder chip key Redmond WA Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$530k
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$108 / 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
$1,829
Tax year 2023
Assessed value
$266,400
Assessed 2023
Previous assessed
$1,145,000
-76.7% YoY
Effective rate
0.69%
On assessed value
Assessed land
$266,400
Land market value
$266,400
Total market value
$266,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CEILING CABLE
Stories
1
Bathrooms
1
Total area
4,907 SF
Lot
0.26 ac (11,326 SF)
Zoning code
E0
APN
434212103700
UPID
US90-0392039
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E0 · Edmonds, WA
Zoning E0 · permitted uses
E0 · 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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CEILING CABLE
Stories
1
Bathrooms
1
Lot
0.26 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
8 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
Feb 27, 2013
—
Rh Old Mill Town Associates Ll
—
Deed Of Trust
related
$3,000,000 · Standard 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
—
Mar 30, 2009
$250,000
City Of Edmonds
Gregg Production Associates In
Quit Claim Deed
related
—
Feb 11, 2009
—
Gregg Production Assocs INC
—
Deed Of Trust
related
$1,500,000 · Belfor USA Group INC
Jul 10, 2006
—
Gregg Production Assocs INC
Yues Old Milltown INC
Warranty Deed
—
—
—
Gregg Production Assocs INC
—
Deed Of Trust
related
$300,000 · Cascade 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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