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Property profile & analytics
OFF-MARKET
Office buildings
7522 221st SW Pl Edmonds, WA 98026-8029
Entity Owned
20-yr Hold
Free & Clear
Property ID
US90-0745345
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1951
Construction
WOOD
Total area
1,124 SF
Lot
0.09 ac (3,920 SF)
Zoning code
26
APN
27042900309500
UPID
US90-0745345
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
-
Julie A. Hanson, PsyD Counselor
-
Bluestone Psychological Services Counselor Psychologist
-
Virginia Hashii, MA Family Counselor
-
MOTHERING VOICE PSYCHOLOGICAL SERVICES, PLLC Physician Medical Clinic
-
Cherrie Palmer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jhanson Investments LLC · 20 yrs held
Jhanson Investments LLC
since 2005
2 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,458
Tax year 2023
Assessed value
$360,000
Assessed 2023
Previous assessed
$296,000
+21.6% YoY
Effective rate
0.68%
On assessed value
Assessed land
$309,100
Assessed improvement
$50,900
Land market value
$309,100
Improvement market value
$50,900
Total market value
$360,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1951
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
1,124 SF
Lot
0.09 ac (3,920 SF)
Zoning code
26
APN
27042900309500
UPID
US90-0745345
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.
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Jhanson Investments LLC
Entity
Free & Clear · 20 yrs held
Mailing address
1045 2ND AVE S, EDMONDS, WA 98020-4101
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2005
$269,000
Jhanson Investments LLC
Sulo-turner,mitchell
Warranty Deed
—
Dec 8, 1999
—
Mitchell S Turner
Young,alfred J & Leslie L
Grant Deed
$150,000 · Columbia State 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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