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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Retail space
1025 Goldenrod Rd, Burlington, WA 98233-3403
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-3150809
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
13,819 SF
Lot
0.89 ac (38,947 SF)
APN
340406-0-105-0004
UPID
US90-3150809
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
-
Hugo Helmer Music, Inc. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.77M
Owner & transaction history
M & L Properties LLC · 17 yrs held
M & L Properties LLC
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Alternative Use
Use
Estimation
RESTAURANT
$2,910,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$128 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$20,059
Tax year 2023
Assessed value
$2,283,900
Assessed 2022
Previous assessed
$2,209,900
+3.3% YoY
Effective rate
0.88%
On assessed value
Assessed land
$613,400
Assessed improvement
$1,670,500
Land market value
$613,400
Improvement market value
$1,670,500
Total market value
$2,283,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
13,819 SF
Lot
0.89 ac (38,947 SF)
APN
340406-0-105-0004
UPID
US90-3150809
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
RESTAURANT
Est. value
$2.9M
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
2007
Heating
NONE
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
M & L Properties LLC
Entity
Mailing address
12199 BAYHILL DR, BURLINGTON, WA 98233-3640
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2009
—
M & L Properties LLC
Henry,thomas M & Linda M
Quit Claim Deed
related
—
Nov 3, 2008
$2,221,665
Thomas M Henry
Mitzel,daniel R
Warranty Deed
$1,530,878 · Bank Of Pacific
Jan 28, 2008
$76,900
City Of Burlington
Mitzel,daniel R
Warranty Deed
—
Apr 13, 2007
—
Daniel R Mitzel
—
Trustees Deed
related
$1,550,000 · Business Bank Of Whatcom Cnty
Oct 31, 1997
—
Daniel R Mitzel
Simplified Exchange Assounting
Quit Claim Deed
related
$679,000 · First Mutual Savings Bank
Sep 2, 1997
$475,000
Simplified Exchange Accou Mitzel
Goulter,kenneth S & Martha H
Grant Deed
$475,000 · Seller
—
—
M & L Properties LLC
—
Deed Of Trust
related
$168,485 · Bank Of Pacific
—
—
Thomas M Henry
—
Deed Of Trust
related
$150,000 · Bank Of Pacific
—
—
Daniel R Mitzel
—
Deed Of Trust
related
$268,500 · Peoples Bank & Trust
—
—
Thomas M Henry
—
Deed Of Trust
related
$200,000 · Bank Of Pacific
—
—
M & L Properties LLC
—
Deed Of Trust
related
$156,000 · Bank Of Pacific
—
—
Thomas M Henry
—
Deed Of Trust
related
$137,000 · Bank Of Pacific
—
—
Thomas M Henry
—
Deed Of Trust
related
$200,000 · Bank Of Pacific
—
—
M & L Properties LLC
—
Deed Of Trust
related
$1,550,703 · Bank Of Pacific
—
—
M & L Properties LLC
—
Deed Of Trust
related
$175,000 · Bank Of Pacific
—
—
M & L Properties LLC
—
Deed Of Trust
related
$202,273 · Bank Of Pacific
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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