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    614 Spruce St Burlington, WA 98233

    • Land
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 614 Spruce St

    Property type
    Land

    Description

    This exceptional 19,800+/- square foot yard presents a unique opportunity for businesses seeking ample space for truck and equipment parking or similar uses. Located in Skagit County, this single-tenant property boasts a convenient location with direct access to Interstate 5, exit 230, and Highway 20 at Rio Vista. The yard features a gravel surface and is currently unfenced. The property is zoned CI-2, allowing for a variety of commercial and industrial uses. The monthly gross rent is $1,500, with utilities not included. This is an ideal location for businesses needing easy freeway access and substantial outdoor storage or operational space. All information is believed to be accurate, but verification is recommended. This property is offered as-is. The property is suitable for a single tenant.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.33
    Latitude
    48.4713

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    614 Spruce St
    Burlington, WA 98233
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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
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