Entity Owned Property summary
AI-generated overview
The property is a vacant commercial building in Edmonds that formerly operated as a chiropractic office. It encompasses a total building area of 7,841 square feet and is located on a highly visible corner lot with frontage on a high-traffic area. The property is zoned CG General Commercial and has a history of use as a chiropractic office since 1987. The structure was originally built as a residential home in 1953 and includes a primary building footprint of approximately 1,006 square feet. The site is situated about one block from Highway 99, adjacent to major retail and medical uses, including a large medical building, the Swedish Edmonds Campus, and Winco Foods. Under the applicable zoning code, maximum building height is 35 feet, and the building has the physical configuration to support a studs-out remodel to update interior finishes and optimize use of the corner location.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1951
Construction
WOOD
Total area
1,006 SF
Lot
0.18 ac (7,841 SF)
Zoning code
E8
APN
614000000200
UPID
US90-1721339
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$470k
Owner & transaction history
since 2026
Last sale
$367,500
4 recorded transactions
Zoning & alternative use
E8 · Edmonds, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$470k
Value range
$423k – $517k
±10% around blend
Estimated value / SF
$467 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$423k
blend $470k
$517k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,006 SF
Lot area
0.18 ac
Year built
1951
Stories
1
APN
614000000200
Zoning
E8
Assessed value
$418,000
Annual tax
$2,852
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$659k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.9 mi away · 1,080 SF
19.8 mi away · 1,272 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$470k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 23 sales
$387
+21%
County 197 sales
$357
+31%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $467/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$367k
Move the market yield to see immediate price impact.
Value / SF
$365
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$23k
$463k
$331k
$257k
$26k
$515k
$367k
$286k
$28k
$566k
$404k
$314k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$675k
8.7 mi · Dec 2025 · $582/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,852
Tax year 2023
Assessed value
$418,000
Assessed 2023
Previous assessed
$355,000
+17.7% YoY
Effective rate
0.68%
On assessed value
Assessed land
$398,600
Assessed improvement
$19,400
Land market value
$398,600
Improvement market value
$19,400
Total market value
$418,000
Applied tax rate
217.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
Rooms
5
Bathrooms
1
Total area
1,006 SF
Lot
0.18 ac (7,841 SF)
Zoning code
E8
APN
614000000200
UPID
US90-1721339
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E8 · Edmonds, WAZoning E8 · permitted uses
E8 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.18 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
E8
Jurisdiction
Edmonds, WA
Recorded code
E8
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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