Property profile

611 Main St Edmonds, WA 98020

OFF-MARKET
Office buildings
Property ID
US90-0073983
3,110 SF 0.15 ac lot Built 1948
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 611 Main Street in Edmonds, Washington, offers a rare opportunity to lease flexible office space in a vibrant downtown location. The building, totaling 2,739 square feet, is currently fully vacant and available for lease. The property is classified as both retail and office space, catering to a variety of business needs. Multiple tenancy options are available, with spaces ranging from a minimum of 246 square feet to a maximum contiguous space of 737 square feet. This allows for businesses of various sizes to find a suitable fit. The building's location in Snohomish County, with a 98020 zip code, provides easy access to local amenities, transportation, and a thriving business community. The address is 611 Main Street, Edmonds, WA. This is an ideal opportunity for businesses seeking a prominent location in a bustling city center. The property's versatility makes it suitable for a range of office uses, from executive suites to traditional office setups. The entire 2,739 square feet is available for lease, offering significant potential for a single tenant or the possibility of dividing the space to accommodate multiple businesses. Interested parties are encouraged to inquire about lease terms and availability.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1948
Construction WOOD
Total area 3,110 SF
Lot 0.15 ac (6,534 SF)
Zoning code BD2
APN 434209803700
UPID US90-0073983

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor
  • Physician
  • Physician Medical Clinic
  • Marriage Or Relationship Counselor
  • Alternative Medicine Practice Acupuncture

Location

611 Main St Edmonds, WA 98020-3096
Edmonds metro Census 50501 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.78M
CAP Approach CAP
$910k
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$1.87M

Owner & transaction history

since 2021
Last sale
$1.4M
5 recorded transactions
2021
$1.4M
2018
Price N/A
2005
$544,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BD2 · Edmonds, WA
Zoning description

District for retail,office, entertainment and associated businesses supported by nearby residents and the larger Edmonds community, and as a destination for visitors from throughout the region

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.4M +12.1%
Medical building $1.2M +0.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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