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Property profile & analytics
FOR SALE
Commercial real estate
105 1St St Langley, WA 98260
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1308254
For Sale
1 / 28
Contact for pricing
105 1St St, Langley, WA 98260
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Property summary
AI-generated overview
This exceptional commercial lease opportunity presents 4,450 square feet of unfinished space in the heart of historic downtown Langley, Washington, on Whidbey Island. Located at 105 1st Street, 98260, this second-story space offers stunning views of Saratoga Passage and the Cascade Mountains. The property is ideally suited for a variety of uses, including office space, medical/dental clinic, restaurant, retail establishment, or health center. The space features fire suppression sprinklers and an elevator, ensuring safety and accessibility. Importantly, the property is ADA compliant. The buildout will be negotiated with the landlord to meet the tenant's specific needs and requirements. The lease rate is $19.80 per square foot per year, plus NNN charges. On-site parking is available for added convenience. This is a rare chance to establish a business in a highly desirable and picturesque location within a thriving community. The asking price for the lease is $7,343. Don't miss this opportunity to secure your place in Langley's vibrant business district.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
10,323 SF
Lot
0.32 ac (13,939 SF)
Zoning code
LG
APN
R33034-139-3350
UPID
US90-1308254
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
-
Feather & Fox Print Co. (Bike/Boat/Book/etc) Store Printing Service
-
Whidbey Island Bank Bank Loan Service
-
i2e LLC Training Center
-
The Shipping Forecast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.24M
Owner & transaction history
Heritage Bank · 1 yrs held
Heritage Bank
since 2024
5 recorded transactions
Zoning & alternative use
LG · Langley, WA
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 Langley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langley 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$120 / 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
Property tax & assessments
Assessed value
$1,814,646
Assessed 2023
Previous assessed
$1,510,978
+20.1% YoY
Assessed land
$585,446
Assessed improvement
$1,229,200
Land market value
$585,446
Improvement market value
$1,229,200
Total market value
$1,814,646
Applied tax rate
700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1982
Heating
HEAT PUMP
Stories
1
Rooms
1
Total area
10,323 SF
Lot
0.32 ac (13,939 SF)
Zoning code
LG
APN
R33034-139-3350
UPID
US90-1308254
Jurisdiction
ISLAND
Zoning & alternative use
LG · Langley, WAZoning LG · permitted uses
LG · Langley, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Heating
HEAT PUMP
Stories
1
Rooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Heritage Bank
Entity
Free & Clear · 1 yrs held
Mailing address
8319 SANDY HOOK DR, CLINTON, WA 98236-8926
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
Heritage Bank
Darrell C West
Deed
—
Jul 5, 2022
—
Darrell C West
—
Deed
related
$425,000 · Savibank
Apr 26, 2021
—
Darrell C West
Ronald Gene Lind
Re-recorded Document
related
—
Dec 11, 2020
$1,420,000
I2e LLC
Ronald Gene Lind
Warranty Deed
$710,000 · Savibank
—
—
Ronald G Lind
—
Deed Of Trust
related
$1,200,000 · Whidbey Island 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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