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Property profile & analytics
FOR SALE
Industrial properties

12469 Reservation Rd Anacortes, WA 98221

3,044 SF 3.17 ac lot Built 1980
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-1620632
Property summary
AI-generated overview

Sunland Bark & Topsoil, a thriving Skagit County business, is available for purchase for the first time in its 50-year history. This exceptional offering encompasses nearly four acres of prime commercial/industrial land strategically situated at the controlled intersection of Highway 20 and Reservation Road in Anacortes, Washington. The sale includes the established business, its substantial inventory of equipment (too extensive to list comprehensively), and the land itself. This presents a unique opportunity for a buyer to acquire a profitable, long-standing enterprise with significant growth potential. The property's flexible light industrial zoning allows for diverse uses and expansion possibilities, beyond the current business operations. Furthermore, the seller owns an additional five contiguous parcels, totaling approximately 13 acres of light industrial land. These parcels are available for purchase alongside the core property, providing significant expansion opportunities to suit the buyer's specific needs and vision. Detailed financial information is available upon request to qualified buyers who can demonstrate their financial capacity to complete the transaction. This is a rare chance to acquire a well-established business with substantial land holdings in a desirable location, offering both immediate profitability and long-term development potential. The asking price for the core property is $3,850,000.

Property profile
Verified
Property type Industrial properties
Use group CONSTRUCTION/CONTRACTING SERVICES
Year built 1980
Total area 3,044 SF
Lot 3.17 ac (138,085 SF)
APN 340203-0-032-0007
UPID US90-1620632
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
  • Sunland Bark & Topsoil Agricultural Supply Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$395k
Comparable Approach Comparable
$785k
Blend (final) Blend
$585k
Owner & transaction history
David E Little · 4 yrs held
David E Little
since 2022
3 recorded transactions
2022
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $830,000 +91.9%
Auto repair, garage $735,000 +69.5%
Retail stores $735,000 +69.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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