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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Commercial real estate
23110 Hwy 99 Edmonds, WA 98026-8740
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1790325
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
10,797 SF
Lot
1.13 ac (49,223 SF)
Zoning code
SA
APN
576700001307
UPID
US90-1790325
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$3.53M
Owner & transaction history
Sfp E LLC · 2 yrs held
Sfp E LLC
since 2024
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
SA · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+71.0%
Auto repair, garage
$4.7M
+43.1%
Apartment house (5+ units)
$4.5M
+36.4%
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
$3,525,000
ML approach
$3,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,275,000
Current use
RESTAURANT
$5,595,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,685,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,465,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$4,215,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$4,180,000
Change: +28% · Conversion: Easy
RETAIL STORES
$3,145,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$3,120,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.53M (Feb 1 2024)
Last sale anchor
$3.53M
Feb 1 2024
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
$326 / 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
$22,934
Tax year 2023
Assessed value
$2,699,000
Assessed 2023
Previous assessed
$2,159,000
+25.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,674,200
Assessed improvement
$1,024,800
Land market value
$1,674,200
Improvement market value
$1,024,800
Total market value
$2,699,000
Applied tax rate
2,475.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
YES
Cooling
NONE
Stories
1
Total area
10,797 SF
Lot
1.13 ac (49,223 SF)
Zoning code
SA
APN
576700001307
UPID
US90-1790325
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SA · Edmonds, WA
Zoning SA · permitted uses
SA · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2005
Heating
YES
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Sfp E LLC
Entity
Mailing address
PO BOX 5350, BEND, OR 97708-5350
Ownership since
2024
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
Feb 1, 2024
$3,525,000
Sfp E LLC
Toch Properties LLC
Warranty Deed
—
Sep 26, 2022
—
Toch Properties LLC
—
Deed
related
$100,000 · Mountain Pacific Bank
Sep 22, 2016
—
R & L Hedges LLC
—
Deed
related
$1,267,500 · Credit Union Svcs Group LLC
Jan 15, 2009
$1,790,400
Toch Properties LLC
Lgr LLC
Warranty Deed
$1,432,320 · Shoreline Bank
—
—
Toch Properties LLC
—
Deed Of Trust
related
$75,000 · Gbc International Bank
—
—
Toch Properties LLC
—
Deed Of Trust
related
$1,320,000 · Mountain Pacific 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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