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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Commercial real estate
437 5th Ave S Ste 101 Edmonds, WA 98020-3460
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0709497
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
5,879 SF
Zoning code
BD2
APN
952100010100
UPID
US90-0709497
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
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$1.10M
Owner & transaction history
Brave Rock Investments LLC · 8 yrs held
Brave Rock Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
BD2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,780,000
Current use
RETAIL STORES
$1,710,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,700,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$186 / 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
$12,449
Tax year 2023
Assessed value
$1,813,200
Assessed 2023
Previous assessed
$1,763,700
+2.8% YoY
Effective rate
0.69%
On assessed value
Assessed land
$146,700
Assessed improvement
$1,666,500
Land market value
$146,700
Improvement market value
$1,666,500
Total market value
$1,813,200
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
2
Total area
5,879 SF
Zoning code
BD2
APN
952100010100
UPID
US90-0709497
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BD2 · Edmonds, WA
Zoning BD2 · permitted uses
BD2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
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
2003
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Current owner
From public records · entity-resolved
Brave Rock Investments LLC
Entity
Mailing address
1030 NW 177TH PL, SHORELINE, WA 98177-3817
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2017
$2,000,000
Brave Rock Investments LLC
Lakeside Retail LLC
Warranty Deed
$1,600,000 · Us Bank NA
Sep 30, 2011
$1,300,000
Lakeside Retail LLC
Foundation Bk
Warranty Deed
$975,000 · Foundation Bank
Jan 27, 2011
$1,507,024
Foundation Bk
Regional Te Svcs Corp
Trustees Deed
related
—
Feb 11, 2009
—
Robert D Gregg
—
Deed Of Trust
related
$1,000,000 · Edmond A & Barbara L Lee
Mar 19, 2007
—
Robert R Gregg
—
Deed Of Trust
related
$1,425,000 · Commerce Bank Of Washington
Jan 19, 2005
—
Roberte D Gregg
Macgregor Place LLC
Quit Claim Deed
related
—
—
—
Robert D Gregg
—
Deed Of Trust
related
$1,500,000 · Foundation Bank
—
—
Robert R Gregg
—
Deed Of Trust
related
$400,000 · Foundation 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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