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    Property profile & analytics

    654 5th S Ave, Unit 300 Edmonds, WA 98020-3616

    • Commercial real estate
    • 5,165 SF
    OFF-MARKET
    Value Estimation
    $1,840,000
    Last Sale
    Oct 17, 2022
    $1,850,000
    Location Intelligence
    Property ID
    US90-1234656
    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

    • Keyport LLC / Seafood Wholesaler
    • Infinity Mortgage Group / Mortgage Broker / Mortgage Lender
    • Reuben Flooring / Flooring Contractor
    • Gardner Law Firm / Attorney

    Property Details for 654 5th S Ave

    Year built
    2000
    Construction
    WOOD
    Property size
    5,165 SF
    Zone code
    BD3
    Property type
    Commercial real estate
    APN
    906500030000
    APU
    906500030000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,835,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,815,000
      6.5%
      $1,835,000
      7%
      $1,865,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,665,000
      Geo Method
      $2,030,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,900,000
      Retail
      $1,575,000
      Mixed-Use
      $1,950,000
      Hospitality
      $2,145,000
      Educational
      $1,670,000
      Residential Income
      $2,090,000
      Energy
      $1,915,000
      Income-Based Land
      $2,080,000
      Food Service
      $1,620,000

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.378
    Latitude
    47.8044
    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
    $9,966
    $310,500
    $1,065,300
    $1,375,800
    -
    $310,500
    $1,065,300
    $1,375,800

    Comparable in this City

    • Value Estimation by Request
      435 SF

      110 James St Ste, Unit 200

      COMMERCIAL CONDOMINUIM • 435 SF
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      1,211 SF

      510 Bell St

      COMMERCIAL CONDOMINUIM • 1,211 SF
      510 Bell St, Edmonds, WA 98020-3147
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    • Value Estimation by Request
      2,867 SF

      504 Holly Dr, Unit 100

      COMMERCIAL CONDOMINUIM • 2,867 SF
      504 Holly Dr, Edmonds, WA 98020-3498
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    • Value Estimation by Request
      7,678 SF

      155 3rd S Ave

      COMMERCIAL CONDOMINUIM • 7,678 SF
      155 3rd S Ave, Edmonds, WA 98020-3648
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    • Value Estimation by Request
      9,165 SF

      111 Main St, Unit 1

      COMMERCIAL CONDOMINUIM • 9,165 SF
      111 Main St, Edmonds, WA 98020-3357
      View Details
    • Value Estimation
      $795,000
      1,314 SF

      152 3rd Ave S Ste, Unit 101

      COMMERCIAL CONDOMINUIM • 1,314 SF
      152 3rd Ave S Ste, Edmonds, WA 98020-3596
      View Details

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    Similar Nearby for Lease

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      Edmonds Office/Retail Space Available

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    • Contact for pricing
      910 SF

      Edmonds Office Space For Rent

      910 SF office space near Edmonds city center.
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      View Details
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    Edmonds, WA 98020-3616
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    Realmo Value Estimation

    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.

    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.

    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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