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

    716 E Fairhaven Ave Burlington, WA 98233

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $379,000

    Office in central business district with high visibility and parking.

    Lot size:
    0.07 Acres

    Property Features for 716 E Fairhaven Ave

    General Information

    Standard status
    Active
    Lot size
    0.07 Acres

    We can help!

    Listing Contact
    Jim Glackin
    Source: Exprealty

    Listing Agency: Windermere RE Skagit Valley Listing Agent: Jim Glackin

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

    Learn more

    Property Insight Report

    Overview

    Central Burlington Office with Parking

    Located in the central Burlington business district, this property is situated near office and retail spaces. Its location adjacent to the Burlington Post Office provides high visibility and foot traffic. The property features a reception and conference area, five offices, an ADA-compliant restroom, and a break area equipped with kitchen facilities. Additional storage is available in the back storage area, which includes a mezzanine. The property also includes one off-street parking space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Language Exchange Inc ... Translation Service Washington Vocational Services Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.3256752
    Latitude
    48.4752214

    Nearby Similar for Sale

    • $1,800,000
      0.11 Acres

      Burlington Office Suites For Sale

      Professionally finished office suites in Burlington's Advantage Business Park.
      325 East George Hopper Rd, Burlington, WA 98233
      View Details
    • $5,200,000
      31,750 SF

      Burlington Industrial Warehouse For Rent

      Industrial/manufacturing warehouse in a four-county hub with easy I-5 access.
      1369 Pacific Dr, Burlington, WA 98233
      View Details
    • Contact for pricing

      Burlington Office Campus For Sale

      Former nonprofit office campus with multiple buildings and courtyard.
      225 N Walnut St, Burlington, WA 98233
      View Details
    • Contact for pricing
      2,916 SF

      Burlington Office Space For Rent

      Office suites available for lease in Burlington, Washington.
      195 East George Hopper Rd, Burlington, WA 98233
      View Details
    • $1,500,000
      4,298 SF

      Burlington Blvd Retail Opportunity

      Prime retail storefront, high visibility.
      1126 Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Class A Office Space Available

      Turn-key office space in Advantage Business Park, Burlington.
      325 E George Hopper Rd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Retail Building Near I-5 Exit

      Retail building with parking, near highway and shopping centers.
      301 E Rio Vista Ave, Burlington, WA 98233
      View Details
    • Contact for pricing
      3,425 SF

      Port of Skagit Hangar

      57' x 60' hangar at the Port of Skagit.
      15367 Crosswind Dr, Burlington, WA 98233
      View Details
    • $1,999,999

      Burlington Commercial Building - Huge Potential

      Prime Burlington location, versatile zoning, excellent condition.
      1266 Bouslog Rd, Burlington, WA 98233
      View Details
    • Contact for pricing
      4,298 SF

      Retail Building Near Cascade Mall

      4,298 SF retail building on 1.21 acres for sale.
      1126 South Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Established Restaurant in Downtown Location

      Thriving restaurant for sale in a prime downtown location.
      624 E Fairhaven Ave, Burlington, WA 98233
      View Details
    • $4,360,000
      15,099 SF

      Burlington Retail Center Investment

      High-Occupancy Retail Center in WA
      910 Burlington Blvd, Burlington, WA 98233
      View Details

    FAQs

    What type of property is this?
    Office units - Office in central business district with high visibility and parking.
    Where is this office units located?
    The property is located at 716 E Fairhaven Ave Burlington, WA.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: - Central Burlington business district location with **high visibility and foot traffic**.; - Includes reception/conference area, **five offices**, ADA restroom, and break area with kitchen facilities.; - Adjacent to the Burlington Post Office.
    (360) 424-4901
    Request Owner's contact information
    716 E Fairhaven Ave Burlington, WA 98233
    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.
    716 E Fairhaven Ave
    Burlington, WA 98233
    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
    716 E Fairhaven Ave Burlington, WA 98233
    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

    We can help!
    Listing Contact
    Jim Glackin
    (360) 424-4901 (360) 428-2828
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!