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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Retail space
21920 76th W Ave Edmonds, WA 98026-7980
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1703550
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD
Total area
9,668 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM-2.4
APN
461000202001
UPID
US90-1703550
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
-
Edmonds Orthodontics Dental Office
-
Teegan's dentist Dental Office
-
Studio 26 Pilates Gym & Fitness Center
-
Luke & Olsen, PSC Law Firm
-
HearUSA Audiologist Hearing Aid Repair Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.52M
Owner & transaction history
Northwest Sound Properties LLC · 9 yrs held
Northwest Sound Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
RM-2.4 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to reserve and regulate areas for a variety of housing types, and a range of greater densities than are available in the single familyresidential zones and additional uses which complement and are compatible with multiple residential uses
Zone name
Multi Family 2400 Square Feet Of Lot Area Per Unit
General category
RESIDENTIAL
Zone area
145.68 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%
$2,270,000
6.5%
$2,095,000
7%
$1,945,000
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$157 / 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
$16,533
Tax year 2023
Assessed value
$2,430,000
Assessed 2023
Previous assessed
$2,224,000
+9.3% YoY
Effective rate
0.68%
On assessed value
Assessed land
$339,800
Assessed improvement
$2,090,200
Land market value
$339,800
Improvement market value
$2,090,200
Total market value
$2,430,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
9,668 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM-2.4
APN
461000202001
UPID
US90-1703550
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-2.4 · Edmonds, WAZoning RM-2.4 · permitted uses
RM-2.4 · 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 and regulate areas for a variety of housing types, and a range of greater densities than are available in the single familyresidential zones and additional uses which complement and are compatible with multiple residential uses
Zone name
Multi Family 2400 Square Feet Of Lot Area Per Unit
General category
RESIDENTIAL
Zone area
145.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Northwest Sound Properties LLC
Entity
Mailing address
21920 76TH AVE W STE #201, EDMONDS, WA 98026-7890
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2017
—
Northwest Sound Properties LLC
Cyber Properties LLC
Quit Claim Deed
related
—
Apr 5, 2017
$2,510,000
Northwest Sound Properties LLC
Cyber Properties LLC
Warranty Deed
—
Apr 4, 2007
—
Cyber Properties LLC
—
Trustees Deed
related
$300,000 · North County Bank
Oct 18, 2005
—
Cyber Properties LLC
—
Trustees Deed
related
$2,175,000 · North County Bank
Aug 8, 2005
$365,000
Cyber Properties LLC
Culver,iola A
Warranty Deed
$468,750 · North County Bank
—
—
Cyber Properties LLC
—
Deed Of Trust
related
$100,000 · North County Bank
—
—
Cyber Properties LLC
—
Deed Of Trust
related
$250,000 · North County 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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