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Property profile & analytics
OFF-MARKET
Estimated value
$5,645,000
Hotels
1670 Burlington Blvd, Burlington, WA 98233-3222
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0034605
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Total area
58,766 SF
Lot
2.16 ac (93,959 SF)
APN
340408-2-010-0408
UPID
US90-0034605
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
-
La Quinta Inn & Suites by Wyndham Burlington Hotel & Motel
-
Blink Charging Station Electric Vehicle Charging Station
-
SemaConnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.12M
Comparable Approach
Comparable
$5.17M
Blend (final)
Blend
$5.65M
Owner & transaction history
Trimark Burlington Hospitality · 7 yrs held
Trimark Burlington Hospitality
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.2M
+99.1%
Office building
$7.5M
+81.4%
Restaurant
$6.7M
+61.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,630,000
6.5%
$6,120,000
7%
$5,680,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,125,000
Current use
COMMERCIAL (GENERAL)
$8,215,000
Change: +99% · Conversion: Difficult
OFFICE BUILDING
$7,485,000
Change: +81% · Conversion: Difficult
RESTAURANT
$6,675,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$6,335,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,275,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,565,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$4,515,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.65M
Range $5.08M – $6.21M · ±10%
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
$96 / 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
$78,388
Tax year 2023
Assessed value
$8,926,900
Assessed 2022
Previous assessed
$9,650,500
-7.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,353,200
Assessed improvement
$7,573,700
Land market value
$1,353,200
Improvement market value
$7,573,700
Total market value
$8,926,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2018
Heating
NONE
Total area
58,766 SF
Lot
2.16 ac (93,959 SF)
APN
340408-2-010-0408
UPID
US90-0034605
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
HOTEL/MOTEL Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.5M
RESTAURANT
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2018
Heating
NONE
Lot
2.16 ac
Current owner
From public records · entity-resolved
Trimark Burlington Hospitality
Individual
Mailing address
420 ELLINGSON RD, PACIFIC, WA 98047-1001
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
—
Trimark Burlington Hospitality LLC
—
Deed
related
$10,000,000 · Wells Fargo Bank NA
Jun 24, 2019
—
Trimark Burlington Hospitality
Trimark Burlington Hospitality
Quit Claim Deed
related
—
Apr 27, 2018
—
Trimark Burlington Hospitality
—
Trustees Deed
related
$9,720,000 · First Fed'l S&l Assn/port Ange
Apr 27, 2017
$1,800,000
Trimark-burlington Hospitality
Grandview North LLC
Warranty Deed
—
Oct 1, 2007
—
Grandview North LLC
Grandview North LLC
Quit Claim Deed
related
—
Jun 29, 2007
$1,659,719
Grandview North LLC
B & T Ents LLC
Grant Deed
$1,660,000 · Coastal Community Bank
Sep 13, 2004
$1,225,000
B & T Ents LLC
Burlington Land Co LLC
Warranty Deed
$909,952 · City Bank
Mar 23, 2001
$872,549
Burlington Land Co LLC
Welts,david A
Grant Deed
$750,000 · Whidbey Island Bank
—
—
Grandview North LLC
—
Deed Of Trust
related
$395,000 · J&j Dakota LLC
—
—
Grandview North LLC
—
Deed Of Trust
related
$84,044 · Coastal Cmnty Bk
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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