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Property profile & analytics
OFF-MARKET
Estimated value
$5,715,000
Medical Office Space
23320 Hwy 99 Edmonds, WA 98026-8744
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1746755
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Construction
WOOD
Total area
32,202 SF
Lot
2.37 ac (103,237 SF)
Zoning code
E2
APN
576700002003
UPID
US90-1746755
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
-
David Gordon Pediatrician Physician
-
Julie Foerster, PT Medical Clinic
-
Daniel Ng, PT Physician
-
Community Health Center of Snohomish County – Edmonds Walk-In Clinic Medical Clinic
-
Community Health Center of Snohomish County - Edmonds Clinic Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.72M
Owner & transaction history
City Of Edmonds · 3 yrs held
City Of Edmonds
since 2022
7 recorded transactions
Zoning & alternative use
E2 · 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%
$7,860,000
6.5%
$7,255,000
7%
$6,735,000
Blend value · Realmo final
$5.72M
Range $5.14M – $6.29M · ±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
$177 / 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
Assessed value
$10,788,000
Assessed 2023
Previous assessed
$10,145,000
+6.3% YoY
Assessed land
$3,424,300
Assessed improvement
$7,363,700
Land market value
$3,424,300
Improvement market value
$7,363,700
Total market value
$10,788,000
Applied tax rate
227.0000
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
Off-Market
Year built
2014
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
32,202 SF
Lot
2.37 ac (103,237 SF)
Zoning code
E2
APN
576700002003
UPID
US90-1746755
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E2 · Edmonds, WA
Zoning E2 · permitted uses
E2 · 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
2014
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
2.37 ac
Current owner
From public records · entity-resolved
City Of Edmonds
Entity
Free & Clear · 3 yrs held
Mailing address
8609 EVERGREEN WAY, EVERETT, WA 98208-2619
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
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
—
City Of Edmonds
Community Health Center Of Snohomis
Warranty Deed
—
Aug 12, 2021
—
Community Health Center Of Snohomis
—
Deed
related
$980,000 · The Washington State Department Of Comme
Sep 6, 2006
$173,900
Brian Richmon
Drei Equities LLC
Warranty Deed
$165,205 · Wells Fargo Bank
Aug 31, 2006
$174,900
Malis Wilds
Drei Equities LLC
Warranty Deed
$139,920 · Wells Fargo Bank
Aug 11, 2006
$215,900
Nicholas J Nisco
Drei Equities LLC
Warranty Deed
$172,000 · M & T Mortgage Corp
Jul 28, 2006
$214,900
Karen L Hodge
Drei Equities LLC
Warranty Deed
$164,900 · Wells Fargo Bank
Jul 27, 2006
$164,900
Kristina C Demek
Drei Equities LLC
Warranty Deed
$131,920 · Usaa Fsb
Jul 25, 2006
$163,470
Stephanie K Hippen
Drei Equities LLC
Warranty Deed
$130,720 · Wells Fargo Bank
Jul 17, 2006
$171,973
Kim A Gustafson
Drei Equities LLC
Warranty Deed
$137,578 · Wells Fargo Bank
Jul 13, 2006
$162,900
Reece A King
Drei Equities LLC
Warranty Deed
$130,320 · Wells Fargo Bank
Jul 7, 2006
$166,991
Joseph C Reineck
Drei Equities LLC
Warranty Deed
$125,243 · Wells Fargo Bank
Jun 30, 2006
$164,430
Andrew C Brandt
Drei Equities LLC
Warranty Deed
$164,430 · Whatcom Educational Cu
Jun 29, 2006
$215,900
Katherine A Thundercloud
Drei Equities LLC
Warranty Deed
$172,700 · Evergreen Moneysource Mtg Co
Jun 29, 2006
$187,523
Nicholas J Switzer
Drei Equities LLC
Warranty Deed
$150,018 · Wells Fargo Bank
Jun 29, 2006
$165,900
Sig Skavlan IV
Drei Equities LLC
Warranty Deed
$132,720 · Wells Fargo Bank
Jun 29, 2006
$160,973
Brittney R Spurlock
Drei Equities LLC
Warranty Deed
$128,750 · Wells Fargo Bank
Jun 27, 2006
$220,000
Angela M Hill
Drei Equities LLC
Warranty Deed
$176,000 · Decision One Mortgage Co
Jun 26, 2006
$178,900
Allison M Clay
Drei Equities LLC
Warranty Deed
$161,010 · Eagle Home Mortgage Co
Jun 23, 2006
$168,900
Augusto D Cardona
Drei Equities LLC
Warranty Deed
$135,120 · Wells Fargo Bank
Jun 22, 2006
—
Linda Vanorsow
Drei Equities LLC
Warranty Deed
$120,000 · Evergreen Moneysource Mtg Co
Aug 11, 2005
$2,200,000
Community Health Ctr Of Snohomish
Ikegami,f D & Patricia A
Warranty Deed
—
Jun 24, 2003
$1,550,000
Ikegami F D
Ziegler,tr
Grant Deed
$1,050,000 · Ziegler Trust
Dec 1, 1992
$831,500
—
—
Grant Deed
related
—
—
—
Ladd Ziegler
—
Deed Of Trust
related
$600,000 · Northwest National Bank
—
—
Community Health Center Of Snohom
—
Deed Of Trust
related
$6,000,000 · Washington Health Care Facilit
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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