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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Automotive properties
101 Hl Blvd, Burlington, WA 98233-4613
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0127098
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1997
Total area
15,358 SF
Lot
3.52 ac (153,331 SF)
APN
8002-000-016-0005
UPID
US90-0127098
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
-
Jerry Smith Kia of Burlington Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$4.80M
Owner & transaction history
Rag Burlington LLC · 1 yrs held
Rag Burlington LLC
since 2024
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+7.9%
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
$4,800,000
ML approach
$4,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,705,000
Current use
COMMERCIAL (GENERAL)
$3,995,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$3,700,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$3,525,000
Change: -5% · Conversion: Difficult
RESTAURANT
$3,235,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10% · vs last sale $4.80M (Oct 1 2024)
Last sale anchor
$4.80M
Oct 1 2024
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
$313 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$27,975
Tax year 2024
Assessed value
$3,140,900
Assessed 2023
Previous assessed
$3,691,600
-14.9% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,921,600
Assessed improvement
$1,219,300
Land market value
$1,921,600
Improvement market value
$1,219,300
Total market value
$3,140,900
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Total area
15,358 SF
Lot
3.52 ac (153,331 SF)
APN
8002-000-016-0005
UPID
US90-0127098
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
AUTO REPAIR, GARAGE Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
1997
Heating
NONE
Stories
1
Lot
3.52 ac
Current owner
From public records · entity-resolved
Rag Burlington LLC
Entity
Mailing address
22101 17TH AVE SE, BOTHELL, WA 98021-7403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
Rag Burlington LLC
Kofb INC
Lease
$3,600,000 · Bank Of America NA
Oct 1, 2024
$4,800,000
Rag Burlington LLC
101 North Hill LLC
Warranty Deed
—
May 27, 2014
—
101 North Hill LLC
Smith,jerry L
Quit Claim Deed
related
—
May 22, 2006
—
Jerry L Smith
Smith,molly A
Quit Claim Deed
$2,500,000 · Molly A Smith
May 19, 2003
—
Jerry L Smith
—
Deed Of Trust
related
$4,700,000 · Wells Fargo Bank
Nov 15, 2002
$2,094,118
Jerry L Smith
Dodd Investments Flp
Grant Deed
$1,500,000 · General Motors Acceptance Corp
Sep 22, 1997
—
Dodd Investments Flp
Seas INC
Quit Claim Deed
related
—
Jan 16, 1997
$700,000
Simplified Exchange Accounting
Gear Road Investors
Grant Deed
—
—
—
Dodd Investment
—
Deed Of Trust
related
$811,816 · Whidbey Island Bank
—
—
Dodd Investment LP
—
Deed Of Trust
related
$1,250,000 · Us Bank
—
—
Dodd Investment Flp
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
Jerry L Smith
—
Deed Of Trust
related
$1,650,000 · Wells Fargo Bank
—
—
Jerry L Smith
—
Deed Of Trust
related
$5,943,750 · Wells Fargo 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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