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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Medical Office Space
7935 Lk Ballinger Way Edmonds, WA 98026-9166
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US90-0590523
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
WOOD
Total area
5,120 SF
Lot
0.37 ac (16,117 SF)
Zoning code
E2
APN
491100001306
UPID
US90-0590523
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Shd Associates · 29 yrs held
Shd Associates
since 1997
7 recorded transactions
Zoning & alternative use
E2 · 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
$154 / 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
$6,796
Tax year 2023
Assessed value
$998,000
Assessed 2023
Previous assessed
$978,000
+2.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$681,700
Assessed improvement
$316,300
Land market value
$681,700
Improvement market value
$316,300
Total market value
$998,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
5,120 SF
Lot
0.37 ac (16,117 SF)
Zoning code
E2
APN
491100001306
UPID
US90-0590523
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E2 · Edmonds, WAZoning E2 · permitted uses
E2 · Edmonds, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Shd Associates
Entity
Mailing address
8129 LK BALLINGER WAY UNIT #104, EDMONDS, WA 98026-9182
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2020
—
Shd Associates LLP
—
Deed
related
$1,000,000 · Mountain Pacific Bank
Jan 15, 1997
$535,000
Shd Associates
Coldwell Ranker Real Holding
Grant Deed
$468,000 · Us Bank Of Washington
—
—
Shd Associates LLP
—
Deed Of Trust
related
$1,000,000 · Mountain Pacific Bank
—
—
Shd Associates LLP
—
Deed Of Trust
related
$2,200,000 · Mountain Pacific Bank
—
—
Shd Associates LLP
—
Deed Of Trust
related
$180,000 · Frontier Bank
—
—
Shd Associates LLC
—
Deed Of Trust
related
$4,147,249 · City Bank
—
—
Shd Associates LLP
—
Deed Of Trust
related
$950,000 · City Bank
—
—
Shd Associates LLP
—
Deed Of Trust
related
$3,332,000 · City Bank
—
—
Shd Associates LLP
—
Deed Of Trust
related
$595,000 · Us Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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