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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Theaters & concert halls
100 Gilkey Rd 104, Burlington, WA 98233-2820
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-0617067
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
2003
Total area
6,300 SF
Lot
0.46 ac (20,038 SF)
APN
340405-3-009-0006
UPID
US90-0617067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lovers (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$849k
Blend (final)
Blend
$620k
Owner & transaction history
P K Partnership · 22 yrs held
P K Partnership
since 2003
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$880,000
+80.6%
Office building
$805,000
+64.6%
Restaurant
$715,000
+46.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$490,000
Current use
COMMERCIAL (GENERAL)
$880,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: +65% · Conversion: Difficult
RESTAURANT
$715,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$490,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$485,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,465
Tax year 2022
Assessed value
$1,422,900
Assessed 2021
Previous assessed
$1,422,900
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$608,600
Assessed improvement
$814,300
Land market value
$608,600
Improvement market value
$814,300
Total market value
$1,422,900
Applied tax rate
905.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
6,300 SF
Lot
0.46 ac (20,038 SF)
APN
340405-3-009-0006
UPID
US90-0617067
Jurisdiction
SKAGIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$880,000
OFFICE BUILDING
Est. value
$805,000
RESTAURANT
Est. value
$715,000
MEDICAL BUILDING
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$675,000
INDUSTRIAL (GENERAL)
Est. value
$490,000
RETAIL STORES
Est. value
$485,000
THEATER (MOVIE) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
P K Partnership
Entity
Mailing address
PO BOX 571, BLACK DIAMOND, WA 98010-0571
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
—
Pk Properteis LLC
—
Deed
related
$1,450,000 · Peoples Bank
Aug 25, 2003
—
P K Partnership
Butt,charles W
Quit Claim Deed
related
—
Nov 2, 2001
$425,000
P K Partnership
Rawls,russell
Grant Deed
$212,500 · Key Bank NA
—
—
Pk Properties LLC
—
Deed Of Trust
related
$648,000 · American West Bank
—
—
Pk Properties LLC
—
Deed Of Trust
related
$792,361 · Viking Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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