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FOR SALE
Office buildings
207 Edgar St, Seattle, WA 98102
Entity Owned
~
Est. High Equity
Property ID
US90-1300581
No photos on file
For Sale
$1,600,000
207 Edgar St, Seattle, WA 98102
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Property summary
AI-generated overview
This exceptional three-story commercial building at 207 E Edgar Street in Seattle, WA, presents a rare opportunity for owner-occupancy or redevelopment. Situated on a 0.13-acre lot (5,500 square feet), this 4,660 square foot building is offered for sale at $1,800,000. Currently vacant, the property offers immediate usability for a wide range of commercial ventures. The building's prime location in the desirable Eastlake neighborhood provides breathtaking views of Lake Union, Gas Works Park, and the Olympic Mountains. Its NC2-65(M2) zoning designation unlocks significant development potential. According to the zoning, the site could potentially accommodate the construction of up to five townhouses
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
WOOD
Total area
4,660 SF
Lot
0.13 ac (5,500 SF)
Zoning code
NC2-65 (M2)
APN
195970-0090
UPID
US90-1300581
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
-
Anderson, Fields & McIlwain, Inc., P.S. Law Firm Child Welfare Organization
-
H. Michael Finesilver Law Firm
-
Niblack James M Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.37M
Owner & transaction history
207 E Edger Partners LLC
207 E Edger Partners LLC
since 2025
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
NC2-65 (M2) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+16.4%
Retail stores
$1.9M
+13.5%
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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,645,000
Current use
AUTO REPAIR, GARAGE
$1,915,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,870,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,600,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,375,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10% · vs last sale $1.30M (Jun 3 2025)
Last sale anchor
$1.30M
Jun 3 2025
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
$293 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$14,068
Tax year 2022
Assessed value
$1,623,500
Assessed 2022
Previous assessed
$1,623,500
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,622,500
Assessed improvement
$1,000
Land market value
$1,622,500
Improvement market value
$1,000
Total market value
$1,623,500
Applied tax rate
13.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1915
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
4,660 SF
Lot
0.13 ac (5,500 SF)
Zoning code
NC2-65 (M2)
APN
195970-0090
UPID
US90-1300581
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-65 (M2) · Seattle, WA
Zoning NC2-65 (M2) · permitted uses
NC2-65 (M2) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1915
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
207 E Edger Partners LLC
Entity
Mailing address
2437 MONTAVISTA PL W, SEATTLE, WA 98199-3722
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
$1,300,000
207 E Edger Partners LLC
Maria K Anderson
Warranty Deed
$900,060 · Chair 9 Capital LLC
Jan 4, 2024
—
Maria K Anderson
Wolfgang R Anderson
Intrafamily Transfer
related
—
Jun 19, 2006
—
Henry M Fields
Fields,hela G
Quit Claim Deed
related
—
Oct 2, 1990
$130,000
Wolfgang R Anderson
Soriano,milton H
Grant Deed
$119,600 · Seattle-first National 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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