You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

5577 Vanbarr Pl Freeland, WA 98249

Built 1976
Property ID
Property summary
AI-generated overview

This exceptional commercial building presents a compelling investment opportunity in the thriving town of Freeland, Washington, situated on picturesque Whidbey Island. Currently operating as a successful medical practice, this property boasts a strong 7.7% cap rate and benefits from long-term triple-net lease agreements, ensuring consistent income. A comprehensive remodel in 2016 significantly enhanced the building's functionality and aesthetics. Upgrades include a brand-new storefront, durable LVP flooring, a modern snaploc metal roof, a completely updated HVAC system, and a new water heater equipped with a recirculating pump. The interior features solid oak doors, six fully equipped exam rooms each with sinks, updated lighting, upgraded bath fixtures, and attractive maple cabinets throughout. A dedicated procedure room is also included, complete with storage, a sink, and an operatory light. The property's fiber optic cabling ensures high-speed internet connectivity. Beyond the main building, the sale includes eight grade-level storage bays housed in durable storage containers located behind the structure. This well-maintained property, coupled with its reliable tenants, represents a truly exceptional investment prospect. The building is located in the heart of Freeland, offering excellent visibility and accessibility.

Property profile
Verified
Property type Commercial real estate
Year built 1976
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
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
You own 5577 Vanbarr Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message