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Property profile & analytics
OFF-MARKET
Estimated value
$4,810,000
Manufacturing properties
12441 Bartholomew Rd Anacortes, WA 98221-9327
Individually Owned
6-yr Hold
Free & Clear
Property ID
US90-1165292
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Total area
41,330 SF
Lot
0.34 ac (14,819 SF)
APN
340204-0-014-0008
UPID
US90-1165292
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
-
Rojas Group Law Firm
-
Rainier Welding LLc Construction Company General Contractor
-
T Bailey, Inc - Field Erected Welded Steel Tanks Industrial Manufacturer Production Facility
-
Carey Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.37M
Comparable Approach
Comparable
$4.24M
Blend (final)
Blend
$4.81M
Owner & transaction history
Port Of Anacortes · 6 yrs held
Port Of Anacortes
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.4M
+25.5%
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 Anacortes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anacortes 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,815,000
6.5%
$5,370,000
7%
$4,985,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,880,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,385,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,400,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.81M
Range $4.33M – $5.29M · ±10%
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
$116 / 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
$301
Tax year 2022
Assessed value
$3,266,000
Assessed 2021
Previous assessed
$3,266,000
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$454,400
Assessed improvement
$2,811,600
Land market value
$454,400
Improvement market value
$2,811,600
Total market value
$3,266,000
Applied tax rate
1,490.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
4
Stories
1
Total area
41,330 SF
Lot
0.34 ac (14,819 SF)
APN
340204-0-014-0008
UPID
US90-1165292
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1996
Heating
NONE
Stories
1
Buildings
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Port Of Anacortes
Individual
Free & Clear · 6 yrs held
Mailing address
100 COMMERCIAL AVE, ANACORTES, WA 98221-1560
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Nov 15, 2019
$3,355,000
Port Of Anacortes
Quattro Properties LLC
Warranty Deed
—
Nov 15, 2019
—
Quattro Properties LLC
Darrell L Lehmann
Correction Deed
related
—
Jul 27, 2016
—
Quattro Properties LLC
Lehmann,darrell L
Quit Claim Deed
related
—
Nov 20, 1995
$130,000
Darrell L Lehmann
Lunz,michael L
Grant Deed
—
—
—
Quattro Properties LLC
—
Deed Of Trust
related
—
—
—
Quattro Properties LLC
—
Loan Modification
related
—
—
—
Quattro Properties LLC
—
Deed Of Trust
related
—
—
—
Quattro Properties LLC
—
Loan Modification
related
$2,065,000 · Us Bk
—
—
Quattro Properties LLC
—
Deed Of Trust
related
—
—
—
Quattro Properties LLC
—
Deed Of Trust
related
—
—
—
Quattro Properties LLC
—
Deed Of Trust
related
—
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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