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Financial
Distress signals
Property profile

195 East George Hopper Rd Burlington, WA 98233

FOR LEASE
Office buildings
Property ID
US90-1957542
7,080 SF 0.46 ac lot Built 2008
Last sale Jun 2019 · $123,715
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
195 East George Hopper Rd, Burlington, WA 98233 For Lease
Contact for pricing 2,916 SF available
195 East George Hopper Rd, Burlington, WA 98233
View Listing

Property summary

AI-generated overview

The property consists of two available office suites. Suite 215 is approximately 2,916 square feet and is configured with a medical office buildout, including 6 exam rooms, a reception area, a break room, a kitchen, and private offices. Suite 235 is approximately 549 square feet and includes a reception area, one private office, and an in-suite restroom. The suites are designed for office use and can accommodate professional/medical-related tenant improvements consistent with the existing layouts.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$12k
Tax billed · 2022
Assessed value · 2021$1.27M
Assessed land$234k
Assessed improvement$1.03M
Effective rate0.95%

Value estimate

· Oct 2026
$1.35M
$1.21M – $1.48M
Submarket $/SF estimate$1.61M
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$517
Operating expenses−$14k
NOI · 105,525.00% cap applied$21k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$230/SF
County average, outlier-cleaned · 76 recorded sales of this use type
Observed band · Q1–Q3$141 – $351

Cap rate analysis

How does the asset earn?
105,525.00%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSKAGIT

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.1
Laundry Service8.7
Dry Cleaner8.5

Location

195 East George Hopper Rd Burlington, WA 98233
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1162 Burlington, Burlington, WA 98233-3314 $2,550,000 Apr 2025 3,956 SF
1575 Prt, Burlington, WA 98233-3119 $2,485,000 Dec 2022 12,380 SF
717 Bennett, Burlington, WA 98233-3739 $1,550,000 Aug 2022 5,114 SF
1126 Burlington, Burlington, WA 98233-3314 $698,039 Dec 2021 4,298 SF
855 Alder, Burlington, WA 98233-2808 $785,000 Nov 2020 3,200 SF
265 George Hopper, Burlington, WA 98233-3105 $6,950,000 Jun 2019 11,641 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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