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    7631 212Th St SW Edmonds, WA 98026

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    7631 212Th St SW Edmonds, WA 98026

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    • Medical Office Space
    • 5,050 SF
    • 1.44 lot acres
    For Lease
    $4,000/Mo
    View Listing →
    Edmonds Office Space For Rent For Lease
    $4,000/Mo
    1,500 SF

    Edmonds Office Space For Rent

    Office space featuring a reception area, private offices, and more.

    7631 212th St SW, Edmonds, WA 98026
    View Listing
    Property ID
    US90-1732318
    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.
    Value Estimations
    $710,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Phillips Richard C MD / Physician
    • Silver Needle Acupuncture / Alternative Medicine Practice / Acupuncture
    • Lane Chiropractic / Alternative Medicine Practice
    • Sean C. Salazar, DC / Alternative Medicine Practice
    • Jenny Ngai, DDS / Dental Office

    Property Details for 7631 212Th St SW

    Year built
    1968
    Construction
    WOOD
    Lot size
    1.44 lot acres
    Property size
    5,050 SF
    Zone code
    E8
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    614300001701
    APU
    614300001701

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $493,000
      Market price range: $121k - $494k

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.337
    Latitude
    47.8075
    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
    $21,857
    $1,765,100
    $1,447,900
    $3,213,000
    -
    $1,765,100
    $1,447,900
    $3,213,000

    Comparable in this City

    • Value Estimation
      $7,745,000
      54,162 SF

      21616 76th W Ave

      MEDICAL BUILDING • 54,162 SF
      21616 76th W Ave, Edmonds, WA 98026-7512
      View Details
    • Value Estimation
      $750,000
      1,416 SF

      8420 196th SW St

      MEDICAL BUILDING • 1,416 SF
      8420 196th SW St, Edmonds, WA 98026-6312
      View Details
    • Value Estimation
      $925,000
      4,857 SF

      21830 76th W Ave

      MEDICAL BUILDING • 4,857 SF
      21830 76th W Ave, Edmonds, WA 98026
      View Details
    • Value Estimation
      $7,770,000
      45,532 SF

      21911 76th W Ave

      MEDICAL BUILDING • 45,532 SF
      21911 76th W Ave, Edmonds, WA 98026-7918
      View Details
    • Value Estimation
      $10,195,000
      61,896 SF

      7320 216th SW St

      MEDICAL BUILDING • 61,896 SF
      7320 216th SW St, Edmonds, WA 98026-8006
      View Details
    • Value Estimation
      $4,935,000
      30,088 SF

      21701 76th W Ave

      MEDICAL BUILDING • 30,088 SF
      21701 76th W Ave, Edmonds, WA 98026-7536
      View Details

    Similar Nearby for Sale

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      Established Hair Salon Opportunity

      Hair salon for sale with equipment and remodel included.
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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 Commercial Opportunity For Sale

      Commercial property in Edmonds with high traffic and freeway access.
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    • $1,800,000
      3,624 SF

      Edmonds Medical Office Building For Sale

      Class A medical office building in Edmonds medical district.
      21906 76Th Ave W, Edmonds, WA 98026
      View Details
    • $6,200,000
      13,015 SF

      Edmonds Medical Corridor Opportunity

      Medical office space in Edmonds near Swedish Edmonds Campus.
      21827 76Th Ave W, Edmonds, WA 98026
      View Details
    • Contact for pricing

      Versatile Commercial Space on Highway 99

      Open commercial space suitable for office, retail, fitness, and more.
      23931 Highway 99, Edmonds, WA 98026
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    Similar Nearby for Lease

    • Contact for pricing
      5,451 SF

      Medical/Dental Office Near Swedish Campus

      Built-out medical office suite across from Swedish Edmonds Campus.
      21616 76Th Ave West, Edmonds, WA 98026
      View Details
    • $24 SF/Yr
      2,281 SF

      Medical/Office Space Near Swedish Edmonds

      Well-maintained medical/office space near Swedish Edmonds Campus and UW Medicine.
      21827 76Th Ave W, 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
    • $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
    • $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
    • $7,630 /Mo
      3,052 SF

      Medical Office Space For Lease

      Class A medical office space adjacent to Swedish Edmonds Campus.
      21911 76Th Ave W, Edmonds, WA 98026
      View Details

    Property Visit Statistics

    • Visits by month
      25.0k
    • Visitors by month
      17.2k
    • Avg Time on site
      16 min
    View Listing
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    Edmonds, WA 98026
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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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    7631 212Th St SW, Edmonds, WA, 98026

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