Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Power Center Title is generated by Realmo AI

    1809-2050 Marketplace Dr, Burlington, WA

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

    Highly visible retail space available in Burlington power center.

    Type:RETAIL
    Property size:
    3,000 SF
    Lot size:
    7.53 Acres
    Added:
    Apr 11, 2025
    Days on Market:
    406
    Last Refresh:
    Apr 5 at 8:11 pm

    Property Features for 1809-2050 Marketplace Dr

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    7.53 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1809-2050 Marketplace Dr Contact us

    We can help!

    Listing Contact
    Justin Holmes
    Justin Holmes

    Listing agent Justin Holmes License #138231

    Listing office First Western Properties - Tacoma, Inc.

    Listing date Apr 11, 2025

    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 First Western Properties - Tacoma, Inc.

    HighLights

    • Highly visible power center location
    • End‑cap availability on Burlington Blvd
    • Co‑tenancy with major retailers: Home Depot, Best Buy, Ross, PetSmart, Old Navy
    • Located in Burlington
    • Multiple Tax IDs: P121437; P121438; P121439; P121440; P121441; P121442; P121443; P121444; P121448; P121449
    • Broker commission verification required with Listing Agent

    Overview

    Located in Burlington, this highly visible power center offers retail space for rent. Co-tenants include Home Depot, Best Buy, Ross, PetSmart, and Old Navy. An end-cap unit is available on Burlington Blvd. The property encompasses multiple tax identifiers: P121437, P121438, P121439, P121440, P121441, P121442, P121443, P121444, P121448, and P121449. The available retail space measures 3000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.339
    Latitude
    48.4516

    Nearby Similar for Lease

    • $20 SF/Yr
      2,916 SF

      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
      7,064 SF

      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
      9,460 SF

      Retail Space on Burlington Blvd

      Freestanding retail building with frontage on Burlington Blvd.
      1220 S Burlington Blvd, Burlington, WA
      View Details
    • $22 SF/Yr
      2,925 SF

      Iconic Burlington Boulevard Corner Location

      Updated, architecturally significant space suitable for office or medical use.
      1881 S Burlington Blvd, Burlington, WA
      View Details
    • $20 SF/Yr
      2,360 SF

      Retail Space on Burlington Boulevard

      Retail space with high visibility and dedicated parking available for rent.
      560 S Burlington Blvd, Burlington, WA
      View Details
    • Contact for pricing
      16,655 SF

      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
      1,368 SF

      Retail/Office Space in Burlington

      1,368 SF retail/office space available for rent.
      145 Cascade Place, Burlington, WA
      View Details
    • $0.65 SF/Yr
      32,279 SF

      Burlington Industrial Space For Lease

      32,279 +/- sq ft industrial space for lease.
      200 Washington Ave, Burlington, WA
      View Details
    • $7 SF/Yr
      1,200 SF

      Industrial Space Available For Lease

      1,200 SF industrial space available December 1, 2025.
      632 S Spruce St, Burlington, WA
      View Details
    • $15 SF/Yr
      26,496 SF

      Burlington Showroom/Retail/Warehouse Space Available

      Demisable showroom, retail, and warehouse space in excellent condition.
      1801-1851 Bouslog Rd, Burlington, WA
      View Details
    • $22 SF/Yr
      13,809 SF

      Retail Space in High-Visibility Center

      Retail space available in a highly visible shopping center.
      2000 S Burlington Blvd, Burlington, WA
      View Details
    • $16 SF/Yr
      12,000 SF

      Industrial Warehouse with Fenced Yard

      Industrial warehouse with office, showroom, and I-5 visibility.
      984-996 Fountain St, Burlington, WA
      View Details

    FAQs

    What type of property is this?
    Strip mall - Highly visible retail space available in Burlington power center.
    Where is this strip mall located?
    The property is located at 1809-2050 Marketplace Dr Burlington, WA.
    What are key features of this property?
    This property features: Highly visible power center location; End‑cap availability on Burlington Blvd; Co‑tenancy with major retailers: Home Depot, Best Buy, Ross, PetSmart, Old Navy
    (253) 447-2282 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Holmes
    Justin Holmes
    Real Estate License ID: 138231
    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
    1809-2050 Marketplace Dr, 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!