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Property profile & analytics
OFF-MARKET
Commercial real estate
1647 Main St Freeland, WA 98249
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0783682
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1963
Total area
3,302 SF
Lot
0.3 ac (13,068 SF)
Zoning code
50
APN
R22911-085-0650
UPID
US90-0783682
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
-
Webbs Department Store Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Freeland Retail LLC · 6 yrs held
Freeland Retail LLC
since 2020
7 recorded transactions
Zoning & alternative use
50 · Freeland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Freeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$430,676
Assessed 2023
Previous assessed
$370,775
+16.2% YoY
Assessed land
$130,680
Assessed improvement
$299,996
Land market value
$130,680
Improvement market value
$299,996
Total market value
$430,676
Applied tax rate
760.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1963
Heating
SPACE
Stories
1
Rooms
1
Total area
3,302 SF
Lot
0.3 ac (13,068 SF)
Zoning code
50
APN
R22911-085-0650
UPID
US90-0783682
Jurisdiction
ISLAND
Zoning & alternative use
50 · Freeland, WAZoning 50 · permitted uses
50 · Freeland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Heating
SPACE
Stories
1
Rooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Freeland Retail LLC
Entity
Free & Clear · 6 yrs held
Mailing address
14888 STATE RTE 525, LANGLEY, WA 98260-9708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2020
—
Freeland Retail LLC
—
Deed
related
$4,000,000 · Cobank
Mar 9, 2020
—
Freeland Retail LLC
Whidbey Telephone Co
Correction Deed
related
—
Dec 27, 2019
—
Freeland Retail LLC
Whidbey Telephone Co
Quit Claim Deed
related
—
Mar 6, 2017
—
Whidbey Telephone Co
—
Grant Deed
related
$32,000,000 · Cobank
Mar 24, 2010
$515,000
Whidbey Telephone Co
Prosperity Investments Flp
Warranty Deed
—
—
—
Whidbey Telephone Co
—
Loan Modification
related
$15,500,000 · Cobank
—
—
Freeland Retail LLC
—
Deed Of Trust
related
$4,000,000 · Cobank
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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