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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Individual retail properties
7207 212th SW St Edmonds, WA 98026-7735
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1572981
Property profile
Verified
Property type
Individual retail properties
Use group
CANNABIS DISPENSARY
Year built
1980
Construction
WOOD
Total area
2,400 SF
Lot
0.28 ac (12,197 SF)
Zoning code
26
APN
566900500301
UPID
US90-1572981
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
-
2020 Solutions Edmonds (Bike/Boat/Book/etc) Store
-
Dank's Warehouse (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
212th Street Holdings LLC · 2 yrs held
212th Street Holdings LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
26 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,885,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,200,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10% · vs last sale $1.80M (Nov 28 2023)
Last sale anchor
$1.80M
Nov 28 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
$752 / 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
$4,171
Tax year 2023
Assessed value
$612,000
Assessed 2023
Previous assessed
$528,000
+15.9% YoY
Effective rate
0.68%
On assessed value
Assessed land
$508,700
Assessed improvement
$103,300
Land market value
$508,700
Improvement market value
$103,300
Total market value
$612,000
Applied tax rate
217.0000
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
Individual retail properties
Use group
CANNABIS DISPENSARY
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
2,400 SF
Lot
0.28 ac (12,197 SF)
Zoning code
26
APN
566900500301
UPID
US90-1572981
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
26 · Edmonds, WA
Zoning 26 · permitted uses
26 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Edmonds. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
COMMERCIAL (GENERAL)
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
1980
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
212th Street Holdings LLC
Entity
Mailing address
14204 48TH PL W, EDMONDS, WA 98026-3910
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
$1,800,000
212th Street Holdings LLC
Washington One LLC
Bargain And Sale Deed
$1,800,000 · Premium Roast LLC
Jul 24, 2023
—
Washington One LLC
Soo Kim Ji
Quit Claim Deed
related
—
Jun 8, 2015
$300,000
Ji S Kim
Kim Moon S
Quit Claim Deed
related
—
Mar 27, 2013
$400,000
Moon S Kim
Dion,f Richard & Margaret Ann
Warranty Deed
$320,000 · Regal Financial Bank
Sep 29, 1993
$285,000
—
Reisner
Grant Deed
related
$31,300 · Company Misc
May 1, 1990
$211,000
Ronald Mr. Reisner
Unknown
Grant Deed
—
—
—
Ji S Kim
—
Deed Of Trust
related
$250,000 · Unibank
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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