Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    200-496 Fashion Way Burlington, WA 98233

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease in redeveloped Burlington Plaza.

    Type:RETAIL
    Property size:
    5,360 SF
    Lot size:
    19.06 Acres
    Added:
    Sep 19, 2022
    Days on Market:
    1322
    Last Refresh:
    Apr 5 at 8:06 pm

    Property Features for 200-496 Fashion Way

    General Information

    Standard status
    Active
    Size
    5,360 SF
    Lot size
    19.06 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 200-496 Fashion Way Contact us

    We can help!

    Listing Contact
    Scott Walker
    Scott Walker

    Listing agent Scott Walker

    Listing office Pacific Continental Realty, LLC

    Listing date Sep 19, 2022

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Pacific Continental Realty, LLC

    Overview

    Retail Space in Burlington Plaza

    This retail space is located in the redeveloped Burlington Plaza, formerly an outlet mall, in Northwest Washington. The property is positioned adjacent to Costco, between I-5 and Burlington Blvd. The location offers high traffic exposure, with an Average Daily Traffic (ADT) count of 76,000 on I-5 and 27,000 on Burlington Blvd. The available space is 5360 square feet. Abundant free parking is available. No NNN for the first lease year.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • I-5 Auto World — 655 Auto Blvd, Burlington, WA 98233
    • The Outlet Shoppes at Burlington — 448 Fashion Way, Burlington, WA 98233
    • Boulevard Plaza — 1820 -1866 S Burlington Blvd, Burlington, WA 98233
    • Burlington Place — 1831 S Burlington Blvd, Burlington, WA 98233
    • Burlington Crossings — 2001 Marketplace Dr, Burlington, WA 98233

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.339
    Latitude
    48.4567

    Nearby Similar for Lease

    • Contact for pricing

      Burlington Office Space for Lease

      Office suites available for lease in Burlington, Washington.
      195-235 E George Hopper Road, Burlington, WA 98233
      View Details
    • $20 SF/Yr

      Burlington Office Space for Lease

      Office suites available for lease in Burlington, Washington.
      195-235 E George Hopper Road, Burlington, WA 98233
      View Details
    • $12 SF/Yr

      Retail Space on Burlington Blvd

      Freestanding retail building with frontage on Burlington Blvd.
      1220 S Burlington Blvd, Burlington, WA
      View Details
    • $22 SF/Yr

      Iconic Burlington Boulevard Corner Location

      Updated, architecturally significant space suitable for office or medical use.
      1881 S Burlington Blvd, Burlington, WA
      View Details
    • Contact for pricing

      Skagit Regional Airport Hangar & Office

      Premier aircraft hangar and office facility at Skagit Regional Airport.
      15400 Airport Drive, Burlington, WA, 98233
      View Details
    • $1,705/Mo

      Retail/Office Space in Burlington

      1,368 SF retail/office space available for rent.
      145 Cascade Place, Burlington, WA
      View Details
    • $20 SF/Yr

      Retail Space on Burlington Boulevard

      Retail space with high visibility and dedicated parking available for rent.
      560 S Burlington Blvd, Burlington, WA
      View Details
    • $15 SF/Yr

      Burlington Showroom/Retail/Warehouse Space Available

      Demisable showroom, retail, and warehouse space in excellent condition.
      1801-1851 Bouslog Rd, Burlington, WA
      View Details
    • $16 SF/Yr

      Industrial Warehouse with Fenced Yard

      Industrial warehouse with office, showroom, and I-5 visibility.
      984-996 Fountain St, Burlington, WA
      View Details
    • $0.65 SF/Yr

      Burlington Industrial Space For Lease

      32,279 +/- sq ft industrial space for lease.
      200 Washington Ave, Burlington, WA
      View Details
    • $22 SF/Yr

      Retail Space in High-Visibility Center

      Retail space available in a highly visible shopping center.
      2000 S Burlington Blvd, Burlington, WA
      View Details
    • Contact for pricing

      Office/Urban Residential Space For Sale

      1,579 +/- sf office/urban residential space on 10,018 +/- sf land.
      112 Gilkey Rd, Burlington, WA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in redeveloped Burlington Plaza.
    Where is this shopping center located?
    The property is located at 200-496 Fashion Way Burlington, WA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Burlington Plaza, the redeveloped successor to the former outlet mall.; High traffic exposure: ADT 76,000 (I‑5) and 27,000 (Burlington Blvd).; Positioned in the Hub of Northwest Washington, adjacent to Costco.
    (360) 220-0370 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Walker
    Scott Walker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    200-496 Fashion Way, Burlington, WA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!