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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    301 3rd N Ave Edmonds, WA 98020-3110

    • Individual retail properties
    • 2,043 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2023
    $1,250,000
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0709490
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bella Soul Hair Design / Hair Salon
    • Brooklyn Hair Studio for Men / Barber Shop
    • Salon Essentials / Beauty Salon

    Property Details for 301 3rd N Ave

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    2,043 SF
    Zone code
    E7
    Property type
    Individual retail properties
    APN
    27032300102300
    APU
    27032300102300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,310,000
      ML approach
      $1,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,311,000
      Market price range: $459k - $1.31M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.378
    Latitude
    47.8137
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,162
    $836,300
    $61,200
    $897,500
    -
    $836,300
    $61,200
    $897,500

    Comparable in this City

    • Value Estimation
      $945,000
      636 SF

      605 Main St

      BARBER, HAIR SALON • 636 SF
      605 Main St, Edmonds, WA 98020-3029
      View Details
    • Value Estimation
      $775,000
      23,096 SF

      550 5th S Ave

      GARDEN CENTER, HOME IMPROVEMENT • 23,096 SF
      550 5th S Ave, Edmonds, WA 98020-3403
      View Details
    • Value Estimation
      $325,000
      2,239 SF

      538 Main St

      BARBER, HAIR SALON • 2,239 SF
      538 Main St, Edmonds, WA 98020-3148
      View Details
    • Value Estimation
      $1,060,000
      1,319 SF

      533 Dayton St

      BARBER, HAIR SALON • 1,319 SF
      533 Dayton St, Edmonds, WA 98020-3431
      View Details
    • Value Estimation
      $315,000
      2,712 SF

      601 Dayton St

      BARBER, HAIR SALON • 2,712 SF
      601 Dayton St, Edmonds, WA 98020-3432
      View Details
    • Value Estimation
      $645,000
      30,436 SF

      201 5th S Ave

      RETAIL STORES (PERSONAL SERVICES) • 30,436 SF
      201 5th S Ave, Edmonds, WA 98020-3481
      View Details

    Similar Nearby for Sale

    • $3,120,000

      Downtown Edmonds Office/Retail Condominium

      Office/retail condominium building in downtown Edmonds, near the ferry terminal.
      111 Main St, Edmonds, WA 98020
      View Details
    • $3,295,000
      7,560 SF

      Iconic Edmonds Building For Sale

      Versatile commercial space in a high-traffic, desirable waterfront community.
      542 Main St, Edmonds, WA 98020
      View Details
    • $2,195,000
      3,576 SF

      Edmonds Restaurant - Prime Location

      Downtown Edmonds eatery, 3,576 sq ft, $2.195M
      109 Main St, Edmonds, WA 98020
      View Details
    • $2,095,000
      3,576 SF

      Retail Property in Edmonds, WA

      Retail property available for sale in Edmonds, Washington.
      109 Main St, Edmonds, WA 98020
      View Details
    • $5,200,000

      Edmonds Mixed-Use Redevelopment Opportunity

      Large BD2-zoned lot with redevelopment potential in Edmonds Bowl.
      627 Dayton St, Edmonds, WA 98020
      View Details
    • $6,450,000
      20,053 SF

      Edmonds Multifamily Investment Opportunity

      21-unit apartment community in Edmonds Bowl neighborhood.
      1050 5Th Ave S, Edmonds, WA 98020
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      5,100 SF

      Downtown Edmonds Unique Building

      Unique building in downtown Edmonds core, suitable for restaurant.
      228 5Th Ave S, Edmonds, WA 98020
      View Details
    • $30 SF/Yr
      11,850 SF

      Edmonds Waterfront Office/Retail Space

      First floor office/retail space in shell condition near Edmonds waterfront.
      471 Admiral Way, Edmonds, WA 98020
      View Details
    • $30 SF/Yr
      1,489 SF

      Edmonds Office/Retail Space Available

      Ground floor office/retail space with parking in Edmonds, WA.
      110 3Rd Ave N, Edmonds, WA 98020
      View Details
    • $29 SF/Yr
      2,050 SF

      Downtown Edmonds Standalone Office Building

      2,050 SF standalone office building in the heart of Edmonds.
      146 3Rd Ave S, Edmonds, WA 98020
      View Details
    • $30 SF/Yr
      323 SF

      Edmonds Office Space For Rent

      Open office space available for lease in Edmonds, Washington.
      611 Main St, Edmonds, WA 98020
      View Details
    • $2,700 /Mo
      1,084 SF

      Edmonds Top Unit Condo

      Two-bedroom condo with natural light, close to amenities.
      232 4Th Ave S, Edmonds, WA 98020
      View Details
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    301 3rd N Ave
    Edmonds, WA 98020-3110
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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