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Property profile & analytics
FOR LEASE
Medical Office Space
21727 76Th Ave W Edmonds, WA 98026
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1300568
For Lease
$3,070,000
21727 76Th Ave W, Edmonds, WA 98026
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
18,826 SF
Lot
1.11 ac (48,352 SF)
Zoning code
MU
APN
580700002701
UPID
US90-1300568
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
-
Mark Gaskill, Counselor Physician Medical Clinic
-
Puget Sound Hearing Aid & Audiology by AudioNova Hearing Aid Store Audiologist
-
Kyra Lindstrom, Counselor Life Coach Counselor
-
Zachary Mangum, Psychiatric Nurse Practitioner Physician Medical Clinic
-
Ann M. Swadener, Counselor Counselor Child Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
Hr Acquisition I Corp · 9 yrs held
Hr Acquisition I Corp
since 2016
7 recorded transactions
Zoning & alternative use
MU · 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%
$4,595,000
6.5%
$4,240,000
7%
$3,940,000
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±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
$163 / 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
$36,490
Tax year 2023
Assessed value
$5,365,000
Assessed 2023
Previous assessed
$5,196,000
+3.3% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,642,900
Assessed improvement
$3,722,100
Land market value
$1,642,900
Improvement market value
$3,722,100
Total market value
$5,365,000
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
1981
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
18,826 SF
Lot
1.11 ac (48,352 SF)
Zoning code
MU
APN
580700002701
UPID
US90-1300568
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Edmonds, WA
Zoning MU · permitted uses
MU · 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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.11 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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2016
$5,150,000
Hr Acquisition I Corp
Osberg Construction Co
Grant Deed
—
May 4, 2016
—
Osberg Construction Co
—
Deed
related
$2,000,000 · Peoples Bk
Dec 5, 2014
$5,400,000
Osberg Construction Company
Warren Building LLC
Warranty Deed
—
May 15, 2008
$5,000,000
Warren Building LLC
Vdv Ventures LLC
Warranty Deed
$3,300,000 · Symetra Life Insurance Co
Feb 16, 2007
$3,675,000
Vdv Ventures LLC
Roats,gary C & Pamela A
Warranty Deed
$3,332,000 · Central Pacific Bank
Jan 15, 2003
—
Gry C Roats
Roats,pamela A
Quit Claim Deed
related
$2,475,000 · Cascade Bank
May 24, 2002
$3,000,000
Roats,pamela A
Warren Clinic Associates
Trustees Deed
$2,450,000 · Pacific Northwest Bank
—
—
Gary C Roats
—
Deed Of Trust
related
$3,300,000 · Cascade Bank
—
—
Joseph M Albert
—
Deed Of Trust
related
$258,047 · City Bank
—
—
Warren Building LLC
—
Deed Of Trust
related
$3,118,000 · Osberg Construction Co
—
—
Osberg Construction Co
—
Loan Modification
related
$2,000,000 · Peoples Bk
—
—
Warren Clinic Associates
—
Deed Of Trust
related
$2,450,000 · Pacific Northwest Bank
—
—
Warren Clinic Associates
—
Deed Of Trust
related
$150,000 · Redmond 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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