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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Retail properties & Spaces
1162 State Rte 20 Sedro Woolley, WA 98284-4364
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1066698
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1964
Total area
6,090 SF
Lot
6 ac (261,360 SF)
APN
350423-3-001-0001
UPID
US90-1066698
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
-
JR'S RV Repair & Rebuild Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Gateway Village LLC · 3 yrs held
Gateway Village LLC
since 2023
Last sale
$530,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$870,000
+10.3%
Office building
$865,000
+9.5%
Auto repair, garage
$825,000
+4.6%
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 Sedro Woolley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sedro Woolley 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
$475,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$790,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$865,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +5% · Conversion: Difficult
RESTAURANT
$810,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$695,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $530k (Feb 21 2023)
Last sale anchor
$530k
Feb 21 2023
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
$88 / 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
$15,634
Tax year 2022
Assessed value
$1,537,900
Assessed 2021
Previous assessed
$1,537,900
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,203,100
Assessed improvement
$334,800
Land market value
$1,203,100
Improvement market value
$334,800
Total market value
$1,537,900
Applied tax rate
935.0000
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
2
Total area
6,090 SF
Lot
6 ac (261,360 SF)
APN
350423-3-001-0001
UPID
US90-1066698
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$870,000
OFFICE BUILDING
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$825,000
RESTAURANT
Est. value
$810,000
INDUSTRIAL (GENERAL)
Est. value
$695,000
MEDICAL BUILDING
Est. value
$655,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1964
Heating
NONE
Buildings
2
Lot
6 ac
Current owner
From public records · entity-resolved
Gateway Village LLC
Entity
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
Gateway Village LLC
Gateway Village LLC
Intrafamily Transfer
related
—
Feb 22, 2016
—
Sw Property Management LLC
—
Trustees Deed
related
$1,000,000 · Savibank
Dec 15, 1997
$530,000
Sw Property Management LLC
Van Mar INC
Grant Deed
$249,945 · Whidbey Island Bank
Apr 14, 1995
$550,000
J R Johnston
Van Mar INC
Grant Deed
$274,294 · Seller
Feb 27, 1995
$217,000
Van Mar INC
Van Burkleo,robert P
Grant Deed
related
—
—
—
Sw Property Management LLC
—
Deed Of Trust
related
$741,200 · Jerry & Lurline Hammer
—
—
S W Property Management
—
Deed Of Trust
related
$160,000 · M L M Partnership LLC
—
—
Sw Property Managegment LLC
—
Deed Of Trust
related
$770,000 · Peoples Bank & Trust
—
—
Sw Property Management LLC
—
Deed Of Trust
related
$480,000 · Frontier Bank
—
—
Van Mar INC
—
Deed Of Trust
related
$249,945 · 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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