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    Property profile & analytics

    133 State St Sedro Woolley, WA 98284-1503

    • Retail properties & Spaces
    • 2,087 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1020120
    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

    • Rustic Roots Family Salon and Boutique / Hair Salon
    • Emerald City Merchant Services / Local Government Office
    • Sedron Technologies / Machining Manufacturer / Research And Product Development
    • North Cascades Lice Clinic / Medical Clinic
    • Brazilian Blowout / Hair Salon

    Property Details for 133 State St

    Year built
    1971
    Lot size
    0.11 lot acres
    Property size
    2,087 SF
    Property type
    Retail properties & Spaces
    APN
    4150-031-006-0009
    APU
    41500310060009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sedro Woolley
    County
    Skagit
    State
    Washington
    Longitude
    -122.239
    Latitude
    48.5031
    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
    2022
    $1,668
    $60,700
    $102,900
    $163,600
    -
    $60,700
    $102,900
    $163,600

    Comparable in this City

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      6,090 SF

      1162 State Rte 20

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,090 SF
      1162 State Rte 20, Sedro Woolley, WA 98284-4364
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    • Value Estimation by Request
      1,600 SF

      740 State Rte 20

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,600 SF
      740 State Rte 20, Sedro Woolley, WA 98284-4316
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    • Value Estimation
      $515,000
      4,000 SF

      107 Township St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,000 SF
      107 Township St, Sedro Woolley, WA 98284-1243
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    • Value Estimation by Request
      3,885 SF

      1419 State St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,885 SF
      1419 State St, Sedro Woolley, WA 98284-9770
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    • Value Estimation by Request
      1,528 SF

      525 State St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,528 SF
      525 State St, Sedro Woolley, WA 98284-1558
      View Details

    Similar Nearby for Sale

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      1,920 SF

      Turnkey Restaurant Investment Opportunity

      Restaurant building in high-traffic area, leased to local establishment.
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    • $695,000
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      Prime Sedro-Woolley Storefront

      Downtown retail space, high cap rate.
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      16.48 Acres of Farmland

      Level farmland acreage suitable for building a dream home.
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    • $600,000

      Downtown Sedro-Woolley Multi-Use Building

      Renovated mixed-use building with live-work potential and off-street parking.
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    • New
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      0.36 Acres

      Glenhaven Lakes Community Land

      Land in amenity-rich Glenhaven Lakes Community, Sedro Woolley, WA.
      1 West Alder Dr, Sedro Woolley, WA 98284
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      Land For Sale Sedro-Woolley

      Land available for purchase in Sedro-Woolley, Washington.
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    Similar Nearby for Lease

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      3,715 SF

      Retail Space in Mixed-Use Building

      Retail space available in new mixed-use building with 67 units.
      820 Trail Rd, Sedro Woolley, WA 98284
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      4,500 SF

      Retail Space in Sedro-Woolley

      Retail space with parking, remodel options, and high-traffic location.
      100 State St, Sedro Woolley, WA 98284
      View Details
    • Contact for pricing
      5,920 SF

      Industrial Shop Building For Rent

      5,441 SF shop building in Sedro Woolley, Washington.
      601 W State St, Sedro Woolley, WA 98284
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    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      2.0k
    • Avg Time on site
      54 min
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    Sedro Woolley, WA 98284-1503
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    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
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