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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Individual retail properties
301 3rd N Ave Edmonds, WA 98020-3110
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0709490
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1942
Construction
WOOD
Total area
2,043 SF
Lot
0.24 ac (10,454 SF)
Zoning code
E7
APN
27032300102300
UPID
US90-0709490
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
-
Bella Soul Hair Design Hair Salon
-
Brooklyn Hair Studio for Men Barber Shop
-
Salon Essentials Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.29M
Owner & transaction history
Grea LLC · 3 yrs held
Grea LLC
since 2023
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
E7 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$885,000
+6.9%
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
$1,310,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$830,000
Current use
AUTO REPAIR, GARAGE
$885,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$800,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$790,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.25M (Jun 2 2023)
Last sale anchor
$1.25M
Jun 2 2023
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
$629 / 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
$6,162
Tax year 2023
Assessed value
$897,500
Assessed 2023
Previous assessed
$672,800
+33.4% YoY
Effective rate
0.69%
On assessed value
Assessed land
$836,300
Assessed improvement
$61,200
Land market value
$836,300
Improvement market value
$61,200
Total market value
$897,500
Applied tax rate
210.0000
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
BASEBOARD
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
9
Bathrooms
3
Total area
2,043 SF
Lot
0.24 ac (10,454 SF)
Zoning code
E7
APN
27032300102300
UPID
US90-0709490
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E7 · Edmonds, WA
Zoning E7 · permitted uses
E7 · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$885,000
MEDICAL BUILDING
Est. value
$800,000
OFFICE BUILDING
Est. value
$790,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1942
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
2
Rooms
9
Bathrooms
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
Grea LLC
Entity
Mailing address
301 3RD AVE N, EDMONDS, WA 98020-3110
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
$1,250,000
Grea LLC
Joseph Charles Ross
Warranty Deed
$1,050,000 · Joseph Charles Ross
May 31, 2023
—
Joseph Charles Ross
Joseph Charles Ross
Intrafamily Transfer
related
—
Aug 1, 1991
$200,000
Joseph C Ross
Unknown
Grant Deed
$100,000 · Individual
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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