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    5577 Vanbarr Pl Freeland, WA

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    For Sale
    $897,500

    Commercial building in Freeland, WA with long-term tenants.

    Property size:
    2,500 SF
    Lot size:
    0.35 Acres

    Property Features for 5577 Vanbarr Pl

    General Information

    Size
    2,500 SF
    Lot size
    0.35 Acres

    Source: Windermere Real Estate/Whidbey Island Agent Coreen Lerch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freeland Medical Office Investment Opportunity

    This commercial building is located in Freeland, WA on Whidbey Island. Currently operating as a medical practice, the property has a 7.7% cap rate with long-term triple net tenants. The building underwent an extensive remodel in 2016. Improvements include a new storefront, LVP flooring, snaploc metal roof, HVAC, water heater with recirculating pump, solid oak doors, six exam rooms complete with sinks, interior and exterior paint, upgraded fiberoptic cabling, lighting, bath fixtures, and maple cabinets throughout. There is also one procedure room with storage, sink, and operatory light. The property sale includes grade-level storage containers with eight bays behind the building. The property size is 2500 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Useless Bay Animal Clinic: Rieter Kristen DVM, Useless Bay Animal Clinic

    Map

    City
    Freeland
    County
    Island
    State
    Washington
    Longitude
    -122.525983
    Latitude
    48.009537

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    FAQs

    What type of property is this?
    Medical office - Commercial building in Freeland, WA with long-term tenants.
    Where is this medical office located?
    The property is located at 5577 Vanbarr Pl Freeland, WA.
    What is the asking price?
    The asking price for this property is $897,500.
    What are key features of this property?
    This property features: - 7.7% Cap Rate with Long-Term Triple Net Tenants; - Extensive Remodel Completed in 2016; - Located in the Heart of Freeland, WA on Whidbey Island
    (360) 914-0936
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    Realmo Value Estimation

    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.

    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.

    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
    5577 Vanbarr Pl Freeland, WA
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