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Property profile & analytics
FOR SALE
Office buildings
8130 240Th St SW Edmonds, WA 98026
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0293568
For Sale
$2,535,000
8130 240Th St SW, Edmonds, WA 98026
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2009
Construction
WOOD
Total area
14,368 SF
Lot
0.54 ac (23,522 SF)
Zoning code
E2
APN
491100000301
UPID
US90-0293568
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
-
Panther Road Classics Car Dealership
-
Nielsen Bros Inc Carpet & Flooring Store Hardware & Home Improvement
-
Audio Visionz LLC Electronics & Wireless Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$2.54M
Owner & transaction history
Delta Two LLC · 15 yrs held
Delta Two LLC
since 2010
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / 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
$16,132
Tax year 2023
Assessed value
$2,371,000
Assessed 2023
Previous assessed
$2,032,000
+16.7% YoY
Effective rate
0.68%
On assessed value
Assessed land
$790,100
Assessed improvement
$1,580,900
Land market value
$790,100
Improvement market value
$1,580,900
Total market value
$2,371,000
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
For Sale
Year built
2009
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
14,368 SF
Lot
0.54 ac (23,522 SF)
Zoning code
E2
APN
491100000301
UPID
US90-0293568
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
E2 · Edmonds, WA
Zoning E2 · permitted uses
E2 · 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
2009
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Delta Two LLC
Entity
Mailing address
10708 15TH AVE NE, SEATTLE, WA 98125-6416
Ownership since
2010
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
Aug 10, 2010
$1,050,000
Delta Two LLC
Dawson,michael E
Warranty Deed
—
Jan 13, 2009
—
Michael E Dawson
—
Trustees Deed
related
$268,397 · City Bank
Jun 12, 2008
$956,000
Michael E Dawson
Columbia Rim Building Co LLC
Warranty Deed
$1,750,000 · City Bank
Jun 12, 2008
—
Michael E Dawson
Dawson,diane C
Quit Claim Deed
related
—
Jul 25, 2005
$420,000
Columbia Rim Building Co LLC
Scott,ernest D & Betty J
Warranty Deed
$1,143,200 · Bank Of Washington
Mar 31, 2004
$295,000
Ernest D Scott
Gavey Louise A Trust
Warranty Deed
related
$206,941 · American General Home Equity
Jul 1, 1977
—
—
—
Quit Claim Deed
related
—
—
—
Michael E Dawson
—
Deed Of Trust
related
$389,000 · Ted J & Marilyn N Fulmer
—
—
Columbia Rim Building Co LLC
—
Deed Of Trust
related
$465,000 · Bank Of Washington
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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