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Property profile & analytics
FOR SALE
Office buildings
1126 S Burlington Blvd Burlington, WA 98233
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2977089
For Sale
1 / 2
Contact for pricing
1126 S Burlington Blvd, Burlington, WA 98233
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Property summary
AI-generated overview
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
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Total area
4,298 SF
Lot
1.21 ac (52,708 SF)
APN
340405-0-014-0005
UPID
US90-2977089
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
-
Warren Jewelers - Burlington (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$795k
Owner & transaction history
Osborn Osborn LLC · 4 yrs held
Osborn Osborn LLC
since 2021
Last sale
$698,039
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+13.4%
Auto repair, garage
$1.0M
+5.1%
Retail stores
$1.0M
+4.9%
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
$900,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $698k (Dec 20 2021)
Last sale anchor
$698k
Dec 20 2021
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
$185 / 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
$10,374
Tax year 2022
Assessed value
$1,096,200
Assessed 2021
Previous assessed
$1,096,200
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$707,600
Assessed improvement
$388,600
Land market value
$707,600
Improvement market value
$388,600
Total market value
$1,096,200
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1980
Heating
NONE
Total area
4,298 SF
Lot
1.21 ac (52,708 SF)
APN
340405-0-014-0005
UPID
US90-2977089
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
OFFICE BUILDING Current
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1980
Heating
NONE
Lot
1.21 ac
Current owner
From public records · entity-resolved
Osborn Osborn LLC
Entity
Ownership since
2021
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
Dec 20, 2021
—
Osborn Osborn LLC
Mark A Osborn
Intrafamily Transfer
related
—
Feb 10, 2017
—
Mark A Osborn
—
Deed
related
$300,000 · Wells Fargo Bk
Jul 2, 2002
$698,039
Mark A Osborn
Mohr,armin A & Beverly A
Grant Deed
$515,500 · Armin A & Beverly A Mohr
—
—
Mark A Osborn
—
Deed Of Trust
related
$300,000 · Wells Fargo Bk
—
—
Mark A Osborn
—
Deed Of Trust
related
$500,000 · 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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