Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,830,000
Retail space
1337 Goldenrod Rd Burlington, WA 98233-3445
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0931115
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
19,298 SF
Lot
1.49 ac (64,904 SF)
APN
340406-4-006-0303
UPID
US90-0931115
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
-
EagleRider Motorcycle Rentals and Tours North Cascades Car Rental Facility
-
Bellevue Healthcare Burlington Production Facility
-
North Cascade HOG Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.83M
Owner & transaction history
Laugh Indoors LLC · 5 yrs held
Laugh Indoors LLC
since 2021
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+0.2%
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$3,665,000
ML approach
$3,550,000
CAP Approach
CAP Return
Estimation
6%
$2,715,000
6.5%
$2,505,000
7%
$2,330,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,645,000
Current use
AUTO REPAIR, GARAGE
$4,655,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$4,430,000
Change: -5% · Conversion: Easy
RESTAURANT
$4,065,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.83M
Range $2.55M – $3.11M · ±10% · vs last sale $2.85M (Mar 12 2021)
Last sale anchor
$2.85M
Mar 12 2021
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
$147 / 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
$28,804
Tax year 2022
Assessed value
$3,044,500
Assessed 2021
Previous assessed
$3,044,500
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$744,800
Assessed improvement
$2,299,700
Land market value
$744,800
Improvement market value
$2,299,700
Total market value
$3,044,500
Applied tax rate
905.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
19,298 SF
Lot
1.49 ac (64,904 SF)
APN
340406-4-006-0303
UPID
US90-0931115
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
RETAIL STORES Current
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.4M
RESTAURANT
Est. value
$4.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
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
1998
Heating
NONE
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Laugh Indoors LLC
Entity
Mailing address
PO BOX 52865, BELLEVUE, WA 98015-2865
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$2,850,000
Laugh Indoors LLC
Lorie J Smith
Warranty Deed
$2,137,500 · Columbia State Bank
Aug 11, 2000
—
Frederic J Smith
Skagit State Bank
Quit Claim Deed
related
—
Jan 13, 1998
—
Frederic J Smith
—
Grant Deed
related
$1,028,082 · Skagit State Bank
May 30, 1997
$350,000
Frederic J Smith
Long,long Trust
Grant Deed
$150,000 · Seller
—
—
Frederic J Smith
—
Deed Of Trust
related
$514,000 · Evergreen Community Dev Assn
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1337 Goldenrod Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
