Individually Owned Property summary
AI-generated overview
The property is an office space totaling 1,945 square feet, located in Edmonds, Washington.
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
Current use
Occupant on record · Public records
-
Dental Office
-
Physician
-
Physician
-
Physician
-
Physician
Location
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
since 2013
4 recorded transactions
Zoning & alternative use
26 · Edmonds, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.76M
Value range
$6.98M – $8.53M
±10% around blend
Estimated value / SF
$175 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$6.98M
blend $7.76M
$8.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
44,382 SF
Lot area
2.44 ac
Year built
1986
Stories
2
APN
580700002900
Zoning
26
Assessed value
$14,822,000
3
Income approach: direct capitalization
Partial preview
Income approach indication
$10.00M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$10.83M
@ 6.5% CAP return
$10.00M
@ 7% CAP return
$9.29M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.76M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 62 sales
$390
-55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $175/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.82M
Move the market yield to see immediate price impact.
Value / SF
$334
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$934k
$18.68M
$13.34M
$10.38M
$1.04M
$20.75M
$14.82M
$11.53M
$1.14M
$22.83M
$16.30M
$12.68M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
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, WAZoning 26 · permitted uses
26 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
2.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
26
Jurisdiction
Edmonds, WA
Recorded code
26
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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