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    627 Dayton St Edmonds, WA 98020
    Property profile & analytics

    627 Dayton St, Edmonds, WA 98020

    View on Map
    • Office buildings
    • 4,768 SF
    • 0.23 lot acres
    For Sale
    $5,200,000
    View Listing →
    Edmonds Mixed-Use Redevelopment Opportunity For Sale
    $5,200,000

    Edmonds Mixed-Use Redevelopment Opportunity

    Large BD2-zoned lot with redevelopment potential in Edmonds Bowl.

    627 Dayton Street, Edmonds, WA 98020
    View Listing
    Property ID
    US90-3343748
    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.
    Value Estimations
    Cap Rate Potential
    4.1%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Pacific International Underwriters / Insurance Agency

    Property Details for 627 Dayton St

    Year built
    1901
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Zone code
    E0
    Property type
    Office buildings
    APN
    434209703100
    APU
    434209703100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,215,000
      ML approach
      $2,175,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,510,000
      6.5%
      $1,395,000
      7%
      $1,295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,911,000
      Market price range: $1.15M - $2.57M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,845,000
      Current use
      AUTO REPAIR, GARAGE
      $2,070,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $1,860,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.374
    Latitude
    47.8099
    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
    $10,461
    $850,700
    $672,900
    $1,523,600
    -
    $850,700
    $672,900
    $1,523,600

    Comparable in this City

    • Value Estimation
      $6,240,000
      31,626 SF

      123 2nd S Ave

      PROFESSIONAL BUILDING
      123 2nd S Ave, Edmonds, WA 98020-8457
      View Details
    • Value Estimation
      $3,310,000
      17,092 SF

      51 Dayton St

      PROFESSIONAL BUILDING
      51 Dayton St, Edmonds, WA 98020-4111
      View Details
    • Value Estimation
      $1,705,000
      3,736 SF

      221 James St

      PROFESSIONAL BUILDING
      221 James St, Edmonds, WA 98020-8401
      View Details
    • Value Estimation
      $765,000
      4,923 SF

      543 Main St

      PROFESSIONAL BUILDING
      543 Main St, Edmonds, WA 98020-3162
      View Details
    • Value Estimation
      $1,545,000
      9,389 SF

      23107 100th W Ave

      PROFESSIONAL BUILDING
      23107 100th W Ave, Edmonds, WA 98020-5062
      View Details
    • Value Estimation
      $1,690,000
      8,830 SF

      250 4th S Ave

      PROFESSIONAL BUILDING
      250 4th S Ave, Edmonds, WA 98020-3506
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,362 SF

      Downtown Edmonds Office/Retail Condo

      Office/retail condominium building for sale in downtown Edmonds.
      111 Main St, Edmonds, WA 98020
      View Details
    • $2,095,000
      3,576 SF

      Edmonds Office Building For Sale

      Office building with 3576 square feet of space.
      109 Main St, Edmonds, WA 98020
      View Details
    • Contact for pricing

      Downtown Edmonds Versatile Commercial Space

      Landmark building with versatile commercial space in downtown Edmonds.
      542 Main St, Edmonds, WA 98020
      View Details
    • $3,295,000
      7,560 SF

      Iconic Building in Downtown Edmonds

      Versatile commercial space in a high-traffic, walkable location.
      542 Main St, Edmonds, WA 98020
      View Details
    • Contact for pricing

      Edmonds Mixed-Use Redevelopment Opportunity

      Large BD2-zoned lot with redevelopment potential in Edmonds Bowl.
      627 Dayton St, Edmonds, WA 98020
      View Details
    • $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, WA 98020
      View Details

    Similar Nearby for Lease

    • $5,040 /Mo
      2,050 SF

      Downtown Edmonds Standalone Office Building

      2,050 SF office building with parking in downtown Edmonds.
      146 3Rd Ave S, Edmonds, WA 98020
      View Details
    • $29 SF/Yr

      Downtown Edmonds Standalone Office Building

      2,050 SF office space in the heart of Edmonds.
      146 3Rd Ave S, Edmonds, WA 98020
      View Details
    • $908 /Mo
      363 SF

      Edmonds Office Space Available

      Office space for rent in Edmonds, Washington.
      201 5Th Ave S, Edmonds, WA 98020
      View Details
    • $2,450 /Mo
      1,278 SF

      Downtown Edmonds Professional Office Space

      Professional office space with parking in downtown Edmonds available now.
      123 2Nd Ave S, Edmonds, WA 98020
      View Details
    • $3,723 /Mo
      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
    View Listing
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    Edmonds, WA 98020
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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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