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Property profile & analytics
FOR LEASE
Retail space
22315 Highway 99 N Edmonds, WA 98026
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1694985
No photos on file
For Lease
$18,958/Mo
22315 Highway 99 N, Edmonds, WA 98026
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
19,379 SF
Lot
1.71 ac (74,488 SF)
Zoning code
E2
APN
27042900302700
UPID
US90-1694985
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
-
KidStrong Edmonds Gym & Fitness Center
-
Francor Dental Arts Dental Office
-
Byungsung Kim, DC Alternative Medicine Practice
-
Carelove Chiropractic Clinic Alternative Medicine Practice
-
Bongchoon Yi, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.24M
CAP Approach
CAP
$4.20M
Comparable Approach
Comparable
$4.25M
Blend (final)
Blend
$4.19M
Owner & transaction history
Pacific Plaza LLC · 4 yrs held
Pacific Plaza LLC
since 2022
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
E2 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+4.1%
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
$4,115,000
ML approach
$4,240,000
CAP Approach
CAP Return
Estimation
6%
$4,550,000
6.5%
$4,200,000
7%
$3,900,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,640,000
Current use
COMMERCIAL (GENERAL)
$5,875,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$5,595,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.19M
Range $3.77M – $4.60M · ±10% · vs last sale $4.15M (Apr 13 2022)
Last sale anchor
$4.15M
Apr 13 2022
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
$216 / 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
$33,221
Tax year 2023
Assessed value
$4,070,000
Assessed 2023
Previous assessed
$4,070,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,452,100
Assessed improvement
$1,617,900
Land market value
$2,452,100
Improvement market value
$1,617,900
Total market value
$4,070,000
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
For Lease
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
19,379 SF
Lot
1.71 ac (74,488 SF)
Zoning code
E2
APN
27042900302700
UPID
US90-1694985
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E2 · Edmonds, WAZoning E2 · permitted uses
E2 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Pacific Plaza LLC
Entity
Mailing address
10120 NE 59TH ST, KIRKLAND, WA 98033-7319
Ownership since
2022
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
Apr 13, 2022
$4,150,000
Pacific Plaza LLC
Capital Equity Fund III LLC
Warranty Deed
$3,150,000 · Capital Ecapital Equity Fund III Ll
May 31, 2016
—
Capital Equity Fund III
Segner,russell W
Grant Deed
related
$1,395,000 · Mufg Union Bk NA
Mar 10, 1999
$2,265,000
Nobles,patricia J
Segner,russell W & Susan
Trustees Deed
—
—
—
Capital Equity Fund III LLC
—
Deed Of Trust
related
$1,600,000 · Wells Fargo Bank
—
—
Capital Eqity Fund III
—
Deed Of Trust
related
$1,698,750 · First Mutual Savings Bank
—
—
Capital Equity Fund III LLC
—
Deed Of Trust
related
$1,395,000 · Mufg Union Bk NA
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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