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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Community centers
1831 Burlington Blvd Burlington, WA 98233-3201
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0617066
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Total area
14,336 SF
Lot
1.36 ac (59,198 SF)
APN
340407-0-056-0010
UPID
US90-0617066
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
-
Rush My Passport Travel Agency
-
Verizon Business Services Business To Business Service
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Burlington Place Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Market Place Associates LLC · 20 yrs held
Market Place Associates LLC
since 2006
6 recorded transactions
Zoning & alternative use
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,005,000
Change: 0% · Conversion: Easy
OFFICE BUILDING
$1,825,000
Change: 0% · Conversion: Moderate
RESTAURANT
$1,630,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,545,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,530,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,115,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$90 / 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
$33,059
Tax year 2022
Assessed value
$3,494,300
Assessed 2021
Previous assessed
$3,494,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,331,000
Assessed improvement
$2,163,300
Land market value
$1,331,000
Improvement market value
$2,163,300
Total market value
$3,494,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
14,336 SF
Lot
1.36 ac (59,198 SF)
APN
340407-0-056-0010
UPID
US90-0617066
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
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Market Place Associates LLC
Entity
Mailing address
2829 RUCKER AVE STE #100, EVERETT, WA 98201-3456
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Apr 7, 2010
—
Market Place Drive Assocs LLC
—
Trustees Deed
related
—
Apr 30, 2009
—
Market Place Drive Assocs LLC
—
Trustees Deed
related
—
May 15, 2006
$630,000
Market Place Associates LLC
Selin,edward E & Barbara M
Warranty Deed
$493,750 · Edward E & Barbara M Selin
—
—
Market Place Drive Assocs LLC
—
Deed Of Trust
related
—
—
—
Market Place Drive Assocs LLC
—
Deed Of Trust
related
$3,200,000 · Standard Insurance Co
—
—
Market Place Drive Assocs LLC
—
Deed Of Trust
related
$3,200,000 · Us Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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