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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
1917 Commercial Ave Anacortes, WA 98221-2328
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1514759
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
1,353 SF
Lot
0.06 ac (2,614 SF)
APN
350219-0-017-0007
UPID
US90-1514759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$510k
Owner & transaction history
Doris San King Lam · 4 yrs held
Doris San King Lam
since 2022
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$370,000
+13.4%
Auto repair, garage
$325,000
+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 Anacortes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anacortes 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
$475,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$325,000
Current use
COMMERCIAL (GENERAL)
$370,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$325,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$310,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $545k (Jan 3 2022)
Last sale anchor
$545k
Jan 3 2022
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
$377 / 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
$2,635
Tax year 2023
Assessed value
$355,000
Assessed 2022
Previous assessed
$308,000
+15.3% YoY
Effective rate
0.74%
On assessed value
Assessed land
$216,400
Assessed improvement
$138,600
Land market value
$216,400
Improvement market value
$138,600
Total market value
$355,000
Applied tax rate
900.0000
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
1900
Heating
NONE
Stories
1
Total area
1,353 SF
Lot
0.06 ac (2,614 SF)
APN
350219-0-017-0007
UPID
US90-1514759
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
$325,000
COMMERCIAL (GENERAL)
Est. value
$370,000
AUTO REPAIR, GARAGE
Est. value
$325,000
OFFICE BUILDING
Est. value
$310,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1900
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Doris San King Lam
Individual
Mailing address
1617 E DIVISION ST, MOUNT VERNON, WA 98274-4503
Ownership since
2022
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
Jan 3, 2022
$545,000
Doris San King Lam
S Hyland
Warranty Deed
—
Apr 1, 2019
—
S Hyland
Hyland Ansel Q
Quit Claim Deed
related
—
Aug 20, 2015
$280,000
Ansel Q Hyland
Wildin Howard W II Trust
Warranty Deed
—
Feb 2, 2015
—
Wildin,howard II Living Trust
Wildin Howard W II
Quit Claim Deed
related
—
Mar 5, 2014
$162,500
Howard W Wildin II
Arnold,martie A
Warranty Deed
—
—
—
John C Arnold
—
Deed Of Trust
related
$59,000 · Horizon Bank
—
—
John C Arnold
—
Deed Of Trust
related
$56,000 · Horizon Bank
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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