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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Manufacturing properties
15846 Preston Pl Burlington, WA 98233-3550
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3233033
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
2007
Total area
8,400 SF
Lot
1.12 ac (48,787 SF)
APN
8034-000-001-0000
UPID
US90-3233033
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
-
EcoShield Pest Solutions Garden Center
-
Creative Machining Co Industrial Manufacturer
-
Good Time Towing and Roadside Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.80M
Owner & transaction history
Preston Place LLC · 3 yrs held
Preston Place LLC
since 2023
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+82.8%
Auto repair, garage
$2.0M
+69.5%
Retail stores
$2.0M
+69.2%
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
$1,705,000
ML approach
$1,680,000
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,195,000
Current use
COMMERCIAL (GENERAL)
$2,185,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,025,000
Change: +69% · Conversion: Easy
RETAIL STORES
$2,025,000
Change: +69% · Conversion: Moderate
OFFICE BUILDING
$1,930,000
Change: +61% · Conversion: Difficult
RESTAURANT
$1,770,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,500,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,100,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±10% · vs last sale $1.90M (Mar 17 2023)
Last sale anchor
$1.90M
Mar 17 2023
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
$214 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,280
Tax year 2023
Assessed value
$1,028,500
Assessed 2022
Previous assessed
$843,700
+21.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$415,900
Assessed improvement
$612,600
Land market value
$415,900
Improvement market value
$612,600
Total market value
$1,028,500
Applied tax rate
1,195.0000
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
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
8,400 SF
Lot
1.12 ac (48,787 SF)
APN
8034-000-001-0000
UPID
US90-3233033
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
2007
Heating
NONE
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Preston Place LLC
Entity
Mailing address
319 D ST NW STE #104, AUBURN, WA 98001-3901
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$1,900,000
Preston Place LLC
Marnick LLC
Warranty Deed
$1,330,000 · Commencement Bank
Mar 16, 2015
$850,000
Marnick LLC
Cononetz Valdemar & Zina
Warranty Deed
$850,000 · Valdemar & Zina Cononetz
Jun 5, 2013
$640,000
Valdemar Cononetz
Mcdonald,dan & Carol
Warranty Deed
—
May 18, 2007
—
Dan Mcdonald
—
Trustees Deed
related
$461,600 · American West Bank
Apr 17, 2007
$220,000
Dan Mcdonald
Bouslog Investments LLC
Warranty Deed
—
Nov 28, 2005
—
Skagit Cnty Fire Protection Di
Bouslog Investments LLC
Grant Deed
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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