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Property profile & analytics
FOR LEASE
Medical Office Space
21600 Highway 99 Edmonds, WA 98026
Individually Owned
12-yr Hold
Free & Clear
Property ID
US90-0293879
For Lease
$25 SF/Yr
21600 Highway 99, Edmonds, WA 98026
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
CONCRETE
Total area
44,382 SF
Lot
2.44 ac (106,286 SF)
Zoning code
26
APN
580700002900
UPID
US90-0293879
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
-
Raymond Liu, DDS Dental Office
-
Elise J. Bradley, OT Physician
-
Michelle D. Lorton, ARNP Physician
-
Lei Lim Physician
-
Ana Czarina M. Butac, ARNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.76M
Owner & transaction history
Public Hospital District 2/sn · 12 yrs held
Public Hospital District 2/sn
since 2013
4 recorded transactions
Zoning & alternative use
26 · 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%
$10,830,000
6.5%
$9,995,000
7%
$9,285,000
Blend value · Realmo final
$7.76M
Range $6.98M – $8.53M · ±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
$175 / 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
Assessed value
$14,822,000
Assessed 2023
Previous assessed
$14,551,000
+1.9% YoY
Assessed land
$3,495,100
Assessed improvement
$11,326,900
Land market value
$3,495,100
Improvement market value
$11,326,900
Total market value
$14,822,000
Applied tax rate
217.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
2
Total area
44,382 SF
Lot
2.44 ac (106,286 SF)
Zoning code
26
APN
580700002900
UPID
US90-0293879
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
26 · Edmonds, WA
Zoning 26 · permitted uses
26 · 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
1986
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
2.44 ac
Current owner
From public records · entity-resolved
Public Hospital District 2/sn
Individual
Free & Clear · 12 yrs held
Mailing address
4710 196TH ST SW, LYNNWOOD, WA 98036-5517
Ownership since
2013
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
Dec 20, 2013
$13,399,569
Public Hospital District 2/sn
Gre Kruger LLC
Warranty Deed
—
Nov 1, 2007
$12,300,000
Gre Kruger LLC
Tomlinson Kruger Clinic LLC
Grant Deed
$12,759,000 · Homestreet Bank
Jan 20, 1998
—
Lynnwood City (wa)
Kruger Clinic LLP
Grant Deed
related
—
—
—
Gre Kruger LLC
—
Deed Of Trust
related
$12,477,533 · Homestreet 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.
Try Rey
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