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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Turn key restaurants
23726 100th W Ave Edmonds, WA 98020-5631
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1756951
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Construction
WOOD
Total area
1,332 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BN
APN
27033600400500
UPID
US90-1756951
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
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.43M
Owner & transaction history
Gasworks Investments Series LLC Inv · 2 yrs held
Gasworks Investments Series LLC Inv
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
BN · 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
$1,425,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.43M (Mar 14 2024)
Last sale anchor
$1.43M
Mar 14 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
$1,070 / 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
$7,591
Tax year 2023
Assessed value
$1,104,100
Assessed 2023
Previous assessed
$1,038,000
+6.4% YoY
Effective rate
0.69%
On assessed value
Assessed land
$838,600
Assessed improvement
$265,500
Land market value
$838,600
Improvement market value
$265,500
Total market value
$1,104,100
Applied tax rate
216.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
1,332 SF
Lot
0.51 ac (22,216 SF)
Zoning code
BN
APN
27033600400500
UPID
US90-1756951
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BN · Edmonds, WA
Zoning BN · permitted uses
BN · 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
1994
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Gasworks Investments Series LLC Inv
Entity
Free & Clear · 2 yrs held
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
—
Gasworks Investments Series LLC Inv
Gasworks Investments LLC
Intrafamily Transfer
related
—
Sep 23, 2022
$1,425,000
Gasworks Investments LLC
Red Sea Properties LLC
Warranty Deed
—
Aug 30, 2019
$1,150,000
Red Sea Properties LLC
Willow Street LLC
Warranty Deed
$936,600 · Umpqua Bank
Nov 30, 2017
$660,000
Willow Street LLC
Laukkonen,douglas C & Cheryl
Warranty Deed
$560,000 · Douglas & Cheryl Laukkonen
May 13, 2013
—
Douglas C Laukkonen
Falcidian Holdings LLC
Quit Claim Deed
related
—
May 8, 2012
—
Falcidian Holdings LLC
Laukkonen,douglas & Cheryl
Quit Claim Deed
related
—
Jan 4, 2006
$575,000
Douglas C Laukkonen
Clark,dale J & Kristine R
Warranty Deed
—
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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