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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Banks
306 Main St Edmonds, WA 98020-3136
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-0057914
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1956
Construction
TYPE NOT SPECIFIED
Total area
6,334 SF
Lot
0.93 ac (40,511 SF)
Zoning code
BD1
APN
434401600300
UPID
US90-0057914
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
-
Bank of America (with Drive-thru ATM) Bank Loan Service
-
Safeguard Home Care & Senior Services Home Health Care Service
-
Bronson Chimney Sweep & Dryer Vent Cleaning General Contractor Renovation Specialist
-
Bank of America ATM (Drive-thru) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$595k
Owner & transaction history
Hui Main Street LLC · 9 yrs held
Hui Main Street LLC
since 2017
3 recorded transactions
Zoning & alternative use
BD1 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+56.7%
Restaurant
$880,000
+54.1%
Auto repair, garage
$850,000
+48.2%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$570,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +57% · Conversion: Difficult
RESTAURANT
$880,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$850,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$515,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$94 / 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
$22,350
Tax year 2023
Assessed value
$3,238,900
Assessed 2023
Previous assessed
$3,749,400
-13.6% YoY
Effective rate
0.69%
On assessed value
Assessed land
$2,384,400
Assessed improvement
$854,500
Land market value
$2,384,400
Improvement market value
$854,500
Total market value
$3,238,900
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1956
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
6,334 SF
Lot
0.93 ac (40,511 SF)
Zoning code
BD1
APN
434401600300
UPID
US90-0057914
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BD1 · Edmonds, WA
Zoning BD1 · permitted uses
BD1 · 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
FINANCIAL BUILDING Current
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$850,000
OFFICE BUILDING
Est. value
$780,000
MEDICAL BUILDING
Est. value
$620,000
RETAIL STORES
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$515,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1956
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Hui Main Street LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2100 22ND AVE S, SEATTLE, WA 98144-4521
Ownership since
2017
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
Jan 31, 2017
$1,286,250
Hui Main Street LLC
First States Investors 5200 Ll
Grant Deed
—
Mar 31, 2005
—
First States Investors 5200 Ll
—
Deed Of Trust
related
$304,000,000 · Commercial Mortgage Corp
Dec 21, 2004
$1,429,175
First States Imvestors 5200 Ll
Bank Of America NA
Grant Deed
related
—
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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