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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7300 213th SW Pl Edmonds, WA 98026-7625

    • Apartment buildings
    • 204,730 SF
    • 9.74 lot acres
    OFF-MARKET
    Value Estimations
    $28,670,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1359082
    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

    • Park 212 Apartment Homes / Real Estate Agency

    Property Details for 7300 213th SW Pl

    Year built
    1982
    Construction
    WOOD
    Lot size
    9.74 lot acres
    Property size
    204,730 SF
    Zone code
    26
    Property type
    Apartment buildings
    APN
    580700000202
    APU
    580700000202

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.333
    Latitude
    47.8059
    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
    $324,860
    $11,334,500
    $36,440,500
    $47,775,000
    -
    $11,334,500
    $36,440,500
    $47,775,000

    Comparable in this City

    • Value Estimation
      $2,870,000
      29,502 SF

      23207 Hwy 99

      APARTMENT HOUSE (100+ UNITS) • 29,502 SF
      23207 Hwy 99, Edmonds, WA 98026-8786
      View Details
    • Value Estimation
      $13,905,000
      96,714 SF

      23510 Edmonds Way

      APARTMENT HOUSE (100+ UNITS) • 96,714 SF
      23510 Edmonds Way, Edmonds, WA 98026-8682
      View Details
    • Value Estimation
      $3,340,000
      34,581 SF

      8123 236th SW St

      APARTMENT HOUSE (100+ UNITS) • 34,581 SF
      8123 236th SW St, Edmonds, WA 98026-9207
      View Details
    • Value Estimation
      $33,185,000
      246,622 SF

      23400 Hwy 99

      APARTMENT HOUSE (100+ UNITS) • 246,622 SF
      23400 Hwy 99, Edmonds, WA 98026-9336
      View Details
    • Value Estimation by Request
      7,400 SF

      8029 238Th St

      Multifamily properties • 7,400 SF
      8029 238Th St, Edmonds, WA 98026
      View Details
    • Value Estimation
      $655,000
      2,385 SF

      23515 Hwy 99

      MOBILE HOME PARK, TRAILER PARK • 2,385 SF
      23515 Hwy 99, Edmonds, WA 98026-9339
      View Details

    Similar Nearby for Sale

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      Edmonds Multifamily Investment Opportunity

      36-unit apartment community in Edmonds' College Place neighborhood.
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      Edmonds Duplex on Oversized Lot

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      Panoramic View Lot with Remodeled Mobile Home

      Exceptional lot with remodeled mobile home and panoramic sound views.
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      1,006 SF

      Edmonds Corner Commercial Property

      Vacant office building in high-traffic Edmonds location near medical facilities.
      7523 220Th St SW, Edmonds, WA 98026
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      Pending

      Edmonds Way Commercial Development Site

      Commercial land in Edmonds with existing building and development potential.
      23631 Edmonds Way, Edmonds, WA 98026
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    • $1,800,000

      Edmonds Medical Office Building For Sale

      Class A medical office building in Edmonds medical district.
      21906 76Th Ave W, Edmonds, WA 98026
      View Details

    Similar Nearby for Lease

    • $4,562 /Mo
      2,281 SF

      Medical Office Space Available

      Medical office space near Swedish Edmonds Campus and UW Medicine.
      21827 76Th Ave W, Edmonds, WA 98026
      View Details
    • $3,383 /Mo
      2,900 SF

      Highway 99 Retail/Office Space

      Retail/office space with high visibility and easy transit access.
      22921 Highway 99 N, Edmonds, WA 98026
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    • $23 SF/Yr
      2,025 SF

      Office Space For Rent

      Office space available for lease in Edmonds, Washington.
      21600 Highway 99, Edmonds, WA 98026
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    • $5,867 /Mo
      1,760 SF

      Edmonds Retail Space on Highway

      Retail space with high visibility and adaptable sizing.
      22921 Highway 99 N, Edmonds, WA 98026
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    • $22 SF/Yr

      Medical/Dental Office Space Available

      Medical/dental office space for lease with highway visibility.
      23416 Highway 99, Edmonds, WA 98026
      View Details
    • $643 /Mo
      498 SF

      Edmonds Medical Office Space Available

      Main level suite near Swedish Edmonds Hospital with secured access.
      7500 212Th St SW, Edmonds, WA 98026
      View Details
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    7300 213th SW Pl
    Edmonds, WA 98026-7625
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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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