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Property profile & analytics
OFF-MARKET
Estimated value
$4,935,000
Medical Office Space
21701 76th W Ave Edmonds, WA 98026-7536
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1771187
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
TYPE NOT SPECIFIED
Total area
30,088 SF
Lot
2.03 ac (88,427 SF)
Zoning code
MU
APN
580700002702
UPID
US90-1771187
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
-
Dr. Robert R. Faucher, DDS Dental Office Physician
-
Steven's Health Center Medical Clinic
-
David Russian, MD, FCCP - Western Washington Medical Group: Pulmonary & Asthma/Sleep Medicine Physician
-
Tomasz Ziedalski, MD, FCCP - Western Washington Medical Group: Pulmonary & Asthma Physician
-
Pulmonary & Sleep Medicine: Western Washington Medical Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.94M
Owner & transaction history
Hr Acquisition I Corp · 9 yrs held
Hr Acquisition I Corp
since 2016
6 recorded transactions
Zoning & alternative use
MU · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to reserve areas forhospitalsand related medical facilities
Zone name
Medical Use
General category
MIXED_USE
Zone area
19.39 ac
Source
Realmo
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%
$7,340,000
6.5%
$6,775,000
7%
$6,295,000
Blend value · Realmo final
$4.94M
Range $4.44M – $5.43M · ±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
$164 / 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
$60,567
Tax year 2023
Assessed value
$8,906,000
Assessed 2023
Previous assessed
$8,891,000
+0.2% YoY
Effective rate
0.68%
On assessed value
Assessed land
$2,917,400
Assessed improvement
$5,988,600
Land market value
$2,917,400
Improvement market value
$5,988,600
Total market value
$8,906,000
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
Off-Market
Year built
1977
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
3
Total area
30,088 SF
Lot
2.03 ac (88,427 SF)
Zoning code
MU
APN
580700002702
UPID
US90-1771187
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Edmonds, WAZoning MU · permitted uses
MU · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to reserve areas forhospitalsand related medical facilities
Zone name
Medical Use
General category
MIXED_USE
Zone area
19.39 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Lot
2.03 ac
Current owner
From public records · entity-resolved
Hr Acquisition I Corp
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2016
$9,750,000
Hr Acquisition I Corp
Rh Stevens Health Ctr Assocs L
Grant Deed
—
Jul 5, 2005
$15,700,000
Stevens Health Center Assocs
Stevens Health Center LLC
Warranty Deed
$3,800,000 · Sun Life Assurance Co
Apr 1, 1989
$100,000
Stevens Group
Unknown
Grant Deed
—
—
—
Stevens Group
—
Deed Of Trust
related
$3,092,295 · Frontier Bank
—
—
North Creek Ents LLC
—
Deed Of Trust
related
$4,250,000 · Boeing Emps Cu
—
—
Stevens Health Center LLC
—
Deed Of Trust
related
$3,800,000 · Evertrust 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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