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Property profile & analytics
OFF-MARKET
Turn key restaurants
504 5th S Ave Edmonds, WA 98020-3403
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1684921
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1938
Construction
WOOD
Total area
2,311 SF
Lot
0.19 ac (8,276 SF)
Zoning code
E0
APN
27032300413500
UPID
US90-1684921
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
-
Maria Johnson Waste Management Facility
-
Premium Air Inc Hardware & Home Improvement HVAC Service
-
Girardi's Osteria Restaurant
-
Edmonds Express Roofing - New Roof Installation & Repair Service Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
504 Fifth Avenue South LLC · 9 yrs held
504 Fifth Avenue South LLC
since 2016
7 recorded transactions
Zoning & alternative use
E0 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,420
Tax year 2023
Assessed value
$1,080,700
Assessed 2023
Previous assessed
$882,000
+22.5% YoY
Effective rate
0.69%
On assessed value
Assessed land
$863,000
Assessed improvement
$217,700
Land market value
$863,000
Improvement market value
$217,700
Total market value
$1,080,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
2,311 SF
Lot
0.19 ac (8,276 SF)
Zoning code
E0
APN
27032300413500
UPID
US90-1684921
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E0 · Edmonds, WA
Zoning E0 · permitted uses
E0 · 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
1938
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
504 Fifth Avenue South LLC
Entity
Mailing address
PO BOX 1326, EDMONDS, WA 98020-1326
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2019
—
504 Fifth Avenue South LLC
—
Deed
related
$570,000 · Peoples Bk
Dec 9, 2016
—
504 Fifth Avenue South LLC
Girardi,patrick
Quit Claim Deed
related
—
Oct 3, 2016
—
Patrick Girardi
—
Deed
related
$499,999 · Peoples Bk
Jun 29, 1999
$470,000
Patrick Girardi
Maland Trust
Grant Deed
$496,720 · Towne Bank
Jun 1, 1993
$313,500
Larry A Maland
Unknown
Grant Deed
—
—
—
Patrick Girardi
—
Deed Of Trust
related
$35,000 · Cnl Mortgage
—
—
504 Fifth Avenue South LLC
—
Loan Modification
related
$570,000 · Peoples Bk
—
—
Patrick Girardi
—
Deed Of Trust
related
$600,000 · City Bank
—
—
Patrick Girardi
—
Deed Of Trust
related
$499,999 · Peoples Bk
—
—
Patrick Girardi
—
Deed Of Trust
related
$15,592 · City Bank
—
—
Patrick Girardi
—
Deed Of Trust
related
$700,000 · Cnl Mortgage
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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