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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Industrial properties
20500 Richmond Bch NW Dr Edmonds, WA 98026
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0955076
Property profile
Verified
Property type
Industrial properties
Use group
REFINERY, PETROLEUM PRODUCTS
Year built
1956
Construction
TYPE NOT SPECIFIED
Total area
7,200 SF
Zoning code
SC
APN
27033500301200
UPID
US90-0955076
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Paramount Of Washington LLC · 2 yrs held
Paramount Of Washington LLC
since 2024
5 recorded transactions
Zoning & alternative use
SC · 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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$870,000
Change: 0% · Conversion: Difficult
RESTAURANT
$775,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$420,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$87 / 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
$7,805
Tax year 2023
Assessed value
$1,107,100
Assessed 2023
Previous assessed
$1,022,800
+8.2% YoY
Effective rate
0.70%
On assessed value
Assessed improvement
$1,107,100
Improvement market value
$1,107,100
Total market value
$1,107,100
Applied tax rate
2,414.0000
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
Industrial properties
Use group
REFINERY, PETROLEUM PRODUCTS
Status
Off-Market
Year built
1956
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
16
Stories
1
Total area
7,200 SF
Zoning code
SC
APN
27033500301200
UPID
US90-0955076
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SC · Edmonds, WA
Zoning SC · permitted uses
SC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$870,000
RESTAURANT
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$585,000
INDUSTRIAL (GENERAL)
Est. value
$420,000
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1956
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
16
Current owner
From public records · entity-resolved
Paramount Of Washington LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 2, 2024
$10,000,000
Paramount Of Washington LLC
Bsre Point Wells LP
Bargain & Sale Deed
—
Mar 1, 2007
—
Paramount Of Washington LLC
—
Grant Deed
related
$550,000,000 · Bank Of America
Aug 9, 2006
—
Paramount Of Washington LLC
—
Deed Of Trust
related
$240,000,000 · Israel Discount Bank New York
Aug 3, 2006
$32,200
Paramount Of Washington LLC
Paramount Of Washington INC
Warranty Deed
related
—
Mar 1, 2005
$1,367,800
Paramount Of Washington INC
Chevron USA INC
Grant Deed
$100,000,000 · Bank Of America
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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