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    1126 S Burlington Blvd Burlington, WA 98233
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    Property profile & analytics

    1126 S Burlington Blvd Burlington, WA 98233

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    • Office buildings
    • 4,298 SF
    • 1.21 lot acres
    For Sale
    $1,500,000
    View Listing →
    Retail Building Near Cascade Mall For Sale
    $1,500,000
    4,298 SF

    Retail Building Near Cascade Mall

    Retail building on Burlington Blvd near Target and Fred Meyer.

    1126 S Burlington Blvd, Burlington, WA 98233
    View Listing
    Property ID
    US90-2977089
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warren Jewelers - Burlington / (Bike/Boat/Book/etc) Store

    Property Details for 1126 S Burlington Blvd

    Year built
    1980
    Lot size
    1.21 lot acres
    Property size
    4,298 SF
    Property type
    Office buildings
    APN
    340405-0-014-0005
    APU
    34040500140005

    Description

    This exceptional retail storefront property, located at 1126 S Burlington Blvd in Burlington, WA, presents a compelling investment opportunity. The 4,298 square foot building sits on a 1.21-acre lot, offering ample parking and excellent visibility. Strategically positioned near the controlled intersection of the Cascade Mall entrance, this property enjoys high traffic counts and benefits from its proximity to major retailers such as Target and Fred Meyer. The building, constructed in 1980, features two units and is zoned MUC-2 (Mixed Use Commercial), allowing for a variety of potential uses. The asking price is $1,500,000, translating to $349 per square foot. Prominent Burlington Boulevard frontage provides significant signage opportunities. Please note that this property is being sold together with 112 Gilkey Rd. All information is deemed reliable but not guaranteed

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $773,000
      Market price range: $234k - $881k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $985,000
      Current use
      COMMERCIAL (GENERAL)
      $1,120,000
      Change: +13% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,035,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $1,035,000
      Change: +5% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.335
    Latitude
    48.464
    CBSA code
    34580
    CBSA name
    MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,374
    $707,600
    $388,600
    $1,096,200
    -
    $707,600
    $388,600
    $1,096,200

    Comparable in this City

    • Value Estimation
      $1,895,000
      11,222 SF

      111 George Hopper Rd

      OFFICE BUILDING • 11,222 SF
      111 George Hopper Rd, Burlington, WA 98233-3127
      View Details
    • Value Estimation
      $1,110,000
      11,939 SF

      1036 Victoria Ave

      PROFESSIONAL BUILDING • 11,939 SF
      1036 Victoria Ave, Burlington, WA 98233-1623
      View Details
    • Value Estimation
      $1,445,000
      5,114 SF

      717 Bennett Rd

      OFFICE BUILDING • 5,114 SF
      717 Bennett Rd, Burlington, WA 98233-3739
      View Details
    • Value Estimation
      $700,000
      3,623 SF

      320 Burlington Blvd

      PROFESSIONAL BUILDING • 3,623 SF
      320 Burlington Blvd, Burlington, WA 98233-1711
      View Details
    • Value Estimation by Request
      120 SF

      1910 Hl Blvd

      OFFICE BUILDING • 120 SF
      1910 Hl Blvd, Burlington, WA 98233
      View Details
    • Value Estimation by Request
      1,016 SF

      Burlington, WA 98233

      OFFICE BUILDING • 1,016 SF
      Burlington, WA 98233
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Burlington Office Campus For Sale

      Former nonprofit office campus with multiple buildings and courtyard.
      225 N Walnut St, Burlington, WA 98233
      View Details
    • $6,800,000
      2,916 SF

      Burlington Office Space For Rent

      Office suites available for lease in Burlington, Washington.
      195 East George Hopper Rd, Burlington, WA 98233
      View Details
    • New
      $1,500,000
      0.11 Acres

      Burlington Office Suites For Sale

      Professionally finished office suites in Burlington's Advantage Business Park.
      325 East George Hopper Rd, Burlington, WA 98233
      View Details
    • Contact for pricing
      1,132 SF

      Class A Office Space Available

      Turn-key office space in Advantage Business Park, Burlington, WA.
      325 E George Hopper Rd, Burlington, WA 98233
      View Details
    • Contact for pricing
      1,579 SF

      Mixed-Use Property Near Shopping Center

      1,579 SF mixed-use space on 10,018 SF land.
      112 Gilkey Rd, Burlington, WA 98233
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Burlington Office Space for Lease

      Office suites available for lease in Burlington, Washington.
      195-235 E George Hopper Rd, Burlington, WA 98233
      View Details
    • Contact for pricing
      2,925 SF

      Iconic Burlington Boulevard Corner Location

      Updated, architecturally significant space suitable for office or medical use.
      1881 S Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Office Space Near I-5

      Office space available for sublease near I-5 exit.
      1639 Lindamood Ln, Burlington, WA 98233
      View Details
    • Contact for pricing

      Skagit Regional Airport Hangar & Office

      Premier aircraft hangar and office facility at Skagit Regional Airport.
      15400 Airport Dr, Burlington, WA 98233
      View Details
    • Contact for pricing
      3,101 SF

      Burlington Office Space For Rent

      Office space available near I-5 exit 229.
      1633-1639 Lindamood Ln, Burlington, WA 98233
      View Details
    • Contact for pricing
      1,700 SF

      Burlington Blvd Office Space Available

      1,700 +/- sq ft office space near downtown Burlington.
      239-251 S Burlington Blvd, Burlington, WA 98233
      View Details
    View Listing
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    Burlington, WA 98233
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1126 S Burlington Blvd, Burlington, WA, 98233
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