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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
23401 Hwy 99 Edmonds, WA 98026-9325
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1472506
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
12,000 SF
Lot
0.94 ac (40,946 SF)
Zoning code
E2
APN
576700002902
UPID
US90-1472506
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
-
Solution Licensing, Inc. Business Management Consultant Banking And Finance
-
WhirlyBall Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas R Choquette · 18 yrs held
Thomas R Choquette
since 2007
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,209
Tax year 2023
Assessed value
$1,500,000
Assessed 2023
Previous assessed
$1,380,000
+8.7% YoY
Effective rate
0.68%
On assessed value
Assessed land
$1,366,800
Assessed improvement
$133,200
Land market value
$1,366,800
Improvement market value
$133,200
Total market value
$1,500,000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
12,000 SF
Lot
0.94 ac (40,946 SF)
Zoning code
E2
APN
576700002902
UPID
US90-1472506
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
1986
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Thomas R Choquette
Individual
Mailing address
23401 HWY 99, EDMONDS, WA 98026-9325
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
Thomas R Choquette
—
Deed
related
$312,920 · First Interstate Bank
Jan 13, 2017
—
Thomas R Choquette
—
Deed
related
$450,000 · Bank Of The Cascades
May 27, 2016
—
Thomas R Choquette
—
Deed
related
$100,000 · Heritage Bank
Dec 24, 2007
—
Thomas R Choquette
Washington Whirly Ball INC
Quit Claim Deed
related
$826,000 · Frontier Bank
May 1, 1994
$565,778
—
—
Grant Deed
related
—
—
—
Thomas R Choquette
—
Deed Of Trust
related
$665,000 · Whidbey Island Bank
—
—
Thomas R Choquette
—
Deed Of Trust
related
$100,000 · Whidbey Island Bank
—
—
Thomas R Choquette
—
Deed Of Trust
related
$450,000 · Bank Of The Cascades
—
—
Washington Whirlyball INC
—
Deed Of Trust
related
$506,128 · Frontier Bank
—
—
Thomas R Choquette
—
Deed Of Trust
related
$150,000 · Whidbey Island 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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