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

    523 Main St Edmonds, WA 98020-3149

    • Automotive properties
    • 2,412 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3355124
    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

    • The Wishing Stone / Jewelry Store / Collectibles Store

    Property Details for 523 Main St

    Year built
    1948
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.07 lot acres
    Property size
    2,412 SF
    Zone code
    E0
    Property type
    Automotive properties
    APN
    434202102800
    APU
    434202102800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $347,000
      Market price range: $181k - $477k

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.377
    Latitude
    47.8108
    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
    $5,597
    $582,000
    $233,100
    $815,100
    -
    $582,000
    $233,100
    $815,100

    Comparable in this City

    • Value Estimation
      $1,865,000
      1,950 SF

      616 5th S Ave

      VEHICLE SALES, RENTALS • 1,950 SF
      616 5th S Ave, Edmonds, WA 98020-3404
      View Details
    • Value Estimation
      $330,000
      2,006 SF

      22805 100th W Ave

      VEHICLE SALES, RENTALS • 2,006 SF
      22805 100th W Ave, Edmonds, WA 98020-5919
      View Details
    • Value Estimation
      $365,000
      3,116 SF

      108 5th S Ave

      VEHICLE SALES, RENTALS • 3,116 SF
      108 5th S Ave, Edmonds, WA 98020-3423
      View Details
    • Value Estimation
      $335,000
      3,654 SF

      514 Main St

      VEHICLE SALES, RENTALS • 3,654 SF
      514 Main St, Edmonds, WA 98020-3148
      View Details
    • Value Estimation
      $305,000
      1,603 SF

      104 5th S Ave

      VEHICLE SALES, RENTALS • 1,603 SF
      104 5th S Ave, Edmonds, WA 98020-3423
      View Details
    • Value Estimation
      $245,000
      2,880 SF

      636 Edmonds Way

      VEHICLE SALES, RENTALS • 2,880 SF
      636 Edmonds Way, Edmonds, WA 98020-4641
      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
    • $2,095,000
      3,576 SF

      Retail Property in Edmonds, WA

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

      Edmonds Mixed-Use Redevelopment Opportunity

      Large BD2-zoned lot with redevelopment potential in Edmonds Bowl.
      627 Dayton St, Edmonds, WA 98020
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    • $1,235,000
      2,520 SF

      Commercial Property in Edmonds Bowl

      Vacant commercial property with versatile space in the Bowl of Edmonds.
      117 6Th Ave S Edmonds, Edmonds, WA 98020
      View Details

    Similar Nearby for Lease

    • $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
    • $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
      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
    • $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
    • $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
    • Contact for pricing
      910 SF

      Edmonds Office Space Sublease

      910 SF office space minutes from Edmonds city center.
      405 And 407, Edmonds, WA 98020
      View Details
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    523 Main St
    Edmonds, WA 98020-3149
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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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