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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Commercial land
1162 Burlington Blvd, Burlington, WA 98233-3314
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1848295
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.29 ac (12,415 SF)
APN
8010-000-002-0000
UPID
US90-1848295
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
-
Goddeau Peggy DPM Physician
-
Johns Tiffany L Employment Agency
-
Bradford Kathy Medical Clinic
-
Fish Jonathan MD Physician
-
Stickle Edwin MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Aspen Heights LLC · 1 yrs held
Aspen Heights LLC
since 2025
Last sale
$725,000
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
$635,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $725k (Feb 9 2022)
Last sale anchor
$725k
Feb 9 2022
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
—
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
$1,572
Tax year 2022
Assessed value
$165,700
Assessed 2021
Previous assessed
$165,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$165,700
Land market value
$165,700
Total market value
$165,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.29 ac (12,415 SF)
APN
8010-000-002-0000
UPID
US90-1848295
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Aspen Heights LLC
Entity
Mailing address
6900 E 2ND ST, SCOTTSDALE, AZ 85251-5305
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Aspen Heights LLC
L Beach LLC
Quitclaim Deed
related
—
Aug 2, 2024
$2,550,000
L
Simoncre Jc Chippewa LLC
Special Warranty Deed
—
May 6, 2022
—
Simoncre Jc Chippewa LLC
—
Deed
related
$1,915,311 · Great Southern Bank
Feb 9, 2022
$725,000
Simoncre Jc Chippewa LLC
1162 South Burlington Boulevard LLC
Special Warranty Deed
—
Dec 26, 2019
—
1162 S Burlington Blvd LLC
Robert R Jacobsen
Quit Claim Deed
related
—
Nov 15, 2004
$835,000
1162 S Burlington Bouleva Ll
Duffy,richard S
Warranty Deed
$668,000 · Whidbey Island Bank
May 22, 2003
—
Richard S Duffy
—
Deed Of Trust
related
$1,450,000 · Peoples Bank & Trust
—
—
1162 South Burlington Boulevar
—
Deed Of Trust
related
$270,000 · Sue A Jacobsen
—
—
1162 South Burlington Boulevar
—
Deed Of Trust
related
$23,887 · Vanoy H Smith
—
—
W Duffy Est Marje
—
Deed Of Trust
related
$245,000 · Peoples Bank & Trust
—
—
1162 South Burlington Boulevar
—
Deed Of Trust
related
$751,610 · 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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