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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Medical Office Space
7125 224th SW St Edmonds, WA 98026-8397
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1596699
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
WOOD
Total area
7,358 SF
Lot
0.87 ac (37,897 SF)
Zoning code
P5
APN
27042900306300
UPID
US90-1596699
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
-
3D Digital Retainers Dental Office
-
Seabrook Investment LLC Bank Credit Union
-
Smyle Denture Design Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.96M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
Yen Wu Shiao · 2 yrs held
Yen Wu Shiao
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
P5 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+11.1%
Apartment house (5+ units)
$3.0M
+5.9%
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
Method
Estimation
Statistic approach
$2,000,000
ML approach
$1,955,000
CAP Approach
CAP Return
Estimation
6%
$1,795,000
6.5%
$1,655,000
7%
$1,540,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,875,000
Current use
AUTO REPAIR, GARAGE
$3,190,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,045,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$2,850,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±10% · vs last sale $1.91M (Dec 19 2023)
Last sale anchor
$1.91M
Dec 19 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$264 / SF
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
$17,426
Tax year 2023
Assessed value
$2,439,000
Assessed 2023
Previous assessed
$2,217,000
+10.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$919,400
Assessed improvement
$1,519,600
Land market value
$919,400
Improvement market value
$1,519,600
Total market value
$2,439,000
Applied tax rate
610.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
7,358 SF
Lot
0.87 ac (37,897 SF)
Zoning code
P5
APN
27042900306300
UPID
US90-1596699
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
P5 · Edmonds, WAZoning P5 · permitted uses
P5 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.9M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Yen Wu Shiao
Individual
Mailing address
9500 ROOSEVELT WAY NE, SEATTLE, WA 98115-2252
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$1,910,000
Yen Wu Shiao
Shuhao Hu
Warranty Deed
$1,410,000 · Shuhao Hu
Nov 6, 2020
—
Shuhao Hu
Eisenhower Carlson PLLC
Grant Deed
related
—
Sep 22, 2017
—
Holbrook Of Searight LLC
—
Deed
related
$80,000 · G & M Ents
Apr 18, 2017
—
Seabrook Investments LLC
—
Deed
related
$300,000 · Gary L & Mary B Johnson
Aug 20, 2015
—
Holbrook Of Searight LLC
—
Trustees Deed
related
$142,804 · World Busn Lenders
Apr 24, 2002
—
Holbrook/searight LLC
Searight,ronald E & Amy M
Quit Claim Deed
related
—
Jun 13, 2001
—
Amy M Searight
Safe Habor Exchange Corp
Quit Claim Deed
related
—
Dec 15, 2000
$725,000
Safe Harbor Exchange Corp
C & C Intl Enterprise Corp
Grant Deed
$597,801 · Drotning INC
Dec 1, 1992
$500,000
Dba
Unknown
Grant Deed
$350,000 · Seller
—
—
Holbrook Of Searight LLC
—
Deed Of Trust
related
$105,000 · Amund Nicholson
—
—
C & C Int'l Enterprise Corp
—
Deed Of Trust
related
$73,000 · Washington First Int'l Bank
—
—
Holbrooks/searight LLC
—
Deed Of Trust
related
$2,225,000 · Washington Mutual Fsb
—
—
Seabrook Investments LLC
—
Deed Of Trust
related
$300,000 · Gary L & Mary B Johnson
—
—
Holbrook Of Searight LLC
—
Deed Of Trust
related
$74,000 · Paul J Liebert
—
—
Holbrook Of Searight LLC
—
Deed Of Trust
related
$80,000 · G & M Ents
—
—
Holbrook Of Searight LLC
—
Deed Of Trust
related
$300,000 · Gary L & Mary B Johnson
—
—
C & C International Enterprise
—
Deed Of Trust
related
$300,000 · First International Bank
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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