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Property profile & analytics
FOR SALE
Medical Office Space
21827 76Th Ave W Edmonds, WA 98026
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0594678
No photos on file
For Sale
$6,200,000
21827 76Th Ave W, Edmonds, WA 98026
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
WOOD
Total area
9,407 SF
Lot
0.53 ac (23,087 SF)
Zoning code
E8
APN
545500100100
UPID
US90-0594678
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
-
Steven Swedberg, MD Eye Care Center
-
Swedberg Steven H MD Ophthalmologist
-
Swedberg Eye Care - Steven Swedberg, MD Ophthalmologist
-
Edmonds Ideal Weight Loss Weight Loss Service
-
Robert J. Reichler, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Robert Reichler · 20 yrs held
Robert Reichler
since 2006
7 recorded transactions
Zoning & alternative use
E8 · 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%
$2,295,000
6.5%
$2,120,000
7%
$1,970,000
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$199 / 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
$23,870
Tax year 2023
Assessed value
$3,509,000
Assessed 2023
Previous assessed
$2,632,000
+33.3% YoY
Effective rate
0.68%
On assessed value
Assessed land
$778,300
Assessed improvement
$2,730,700
Land market value
$778,300
Improvement market value
$2,730,700
Total market value
$3,509,000
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 Sale
Year built
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
3
Total area
9,407 SF
Lot
0.53 ac (23,087 SF)
Zoning code
E8
APN
545500100100
UPID
US90-0594678
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E8 · Edmonds, WAZoning E8 · permitted uses
E8 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.53 ac
Current owner
From public records · entity-resolved
Robert Reichler
Individual
Mailing address
4536 55TH AVE NE, SEATTLE, WA 98105-3837
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2025
—
Robert And Judy Reichler LP
—
Deed
related
$2,255,000 · Seattle Metropolitan Cu
Jul 17, 2020
—
Robert And Judy Reichler Limited Pa
—
Deed
related
$2,600,000 · First Citizens Bank & Trust Co
Jun 14, 2017
—
Robert & Judy Reichler LP
—
Deed
related
$1,800,000 · Keybank USA
Dec 24, 2007
—
Robert Reichler
—
Trustees Deed
related
$1,600,000 · Golf Savings Bank
Jan 31, 2006
$1,455,000
Robert Reichler
Medical Building Associates
Warranty Deed
—
Nov 1, 1991
$100,000
Medical Bldg Assoc
Unknown
Grant Deed
$152,000 · City Bank
—
—
Robert Reichler
—
Deed Of Trust
related
$1,052,000 · Key Bank NA
—
—
Robert & Judy Reichler LP
—
Deed Of Trust
related
$1,800,000 · Keybank USA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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