Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1201 Fairhaven Ave Burlington, WA 98233-2054

    • Apartment buildings
    • 6,248 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0028994
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1201 Fairhaven Ave

    Year built
    1967
    Lot size
    0.41 lot acres
    Property size
    6,248 SF
    Property type
    Apartment buildings
    APN
    4077-136-002-0406
    APU
    40771360020406

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $640,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $420,000
      Market price range: $217k - $765k

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.319
    Latitude
    48.4757
    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
    2023
    $9,859
    $593,300
    $529,000
    $1,122,300
    -
    $593,300
    $529,000
    $1,122,300

    Comparable in this City

    • Value Estimation by Request
      3,984 SF

      235 Rio Vis Ave

      APARTMENT HOUSE (5+ UNITS) • 3,984 SF
      235 Rio Vis Ave, Burlington, WA 98233-2222
      View Details
    • Value Estimation
      $1,705,000
      13,450 SF

      695 Peterson Rd, Unit 697

      APARTMENT HOUSE (5+ UNITS) • 13,450 SF
      695 Peterson Rd, Burlington, WA 98233-2696
      View Details
    • Value Estimation by Request
      684 SF

      606 Greenleaf Ave

      APARTMENT HOUSE (5+ UNITS) • 684 SF
      606 Greenleaf Ave, Burlington, WA 98233-1841
      View Details
    • Value Estimation by Request
      720 SF

      20280 Lafayette Rd

      APARTMENT HOUSE (5+ UNITS) • 720 SF
      20280 Lafayette Rd, Burlington, WA 98233-1577
      View Details
    • Value Estimation by Request
      13,600 SF

      405 Norris St

      Multifamily properties • 13,600 SF
      405 Norris St, Burlington, WA 98233
      View Details
    • Value Estimation
      $985,000
      7,452 SF

      440 Filbert Ln

      APARTMENT HOUSE (5+ UNITS) • 7,452 SF
      440 Filbert Ln, Burlington, WA 98233-2020
      View Details

    Similar Nearby for Sale

    • $500,000
      1,579 SF

      Burlington Mixed-Use Commercial Property

      1,579 sq ft office/residential space, prime location.
      112 Gilkey Rd, Burlington, WA 98233
      View Details
    • $500,000
      1,579 SF

      Office/Urban Residential Space For Sale

      1,579 +/- sf office/urban residential space on 10,018 +/- sf land.
      112 Gilkey Rd, Burlington, WA 98233
      View Details
    • $497,000
      1,268 SF

      Mixed-Use Commercial Building on Burlington Blvd

      1,268 SF mixed-use building on a 6,110 SF lot.
      280 North Burlington Blvd, Burlington, WA 98233
      View Details
    • $1,500,000
      4,298 SF

      Burlington Blvd Retail Opportunity

      Prime retail storefront, high visibility.
      1126 Burlington Blvd, Burlington, WA 98233
      View Details
    • $4,150,000

      Retail Center with Long-Term Leases

      Two-tenant retail center with established national tenants.
      910-914 S Burlington Blvd, Burlington, WA 98233
      View Details
    • $379,000
      2,700 SF

      Burlington Office Space For Sale

      Office property in central business district with high visibility.
      716 E Fairhaven Ave, Burlington, WA 98233
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      5,923 SF

      Burlington Office Space Available

      Prime Burlington office, 3,101 sq ft available.
      1639 Lindamood Ln, Burlington, WA 98233
      View Details
    • $18 SF/Yr
      3,490 SF

      Office/Retail Space Near Fred Meyer

      Office or retail space available near a shopping center.
      815-831 South Burlington Blvd, Burlington, WA 98233
      View Details
    • $18 SF/Yr
      9,888 SF

      Burlington Blvd Executive Office Space

      Prime Burlington Office/Retail Opportunity
      815 Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing
      446,430 SF

      Burlington Gallery Retail Space

      Prime I-5 Corridor Retail Opportunity
      201 Cascade Mall Dr, Burlington, WA 98233
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Power Center

      Highly visible retail space available in Burlington power center.
      1809-2050 Marketplace Dr, Burlington, WA 98233
      View Details
    • $14 SF/Yr
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 Fairhaven Ave
    Burlington, WA 98233-2054
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.