Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Manufacturing properties
1946 Park Ln Burlington, WA 98233-4602
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-3353978
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
2007
Total area
8,071 SF
Lot
3.38 ac (147,233 SF)
APN
8017-000-015-0000
UPID
US90-3353978
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
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.93M
Owner & transaction history
Pacific Woodtech Corp · 6 yrs held
Pacific Woodtech Corp
since 2020
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+82.8%
Auto repair, garage
$1.9M
+69.5%
Retail stores
$1.9M
+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
$2,175,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,100,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,945,000
Change: +69% · Conversion: Easy
RETAIL STORES
$1,945,000
Change: +69% · Conversion: Moderate
OFFICE BUILDING
$1,850,000
Change: +61% · Conversion: Difficult
RESTAURANT
$1,700,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,440,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $1.85M (Feb 6 2020)
Last sale anchor
$1.85M
Feb 6 2020
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
$239 / 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
$51,899
Tax year 2023
Assessed value
$5,659,500
Assessed 2022
Previous assessed
$9,165,000
-38.2% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,632,100
Assessed improvement
$4,027,400
Land market value
$1,632,100
Improvement market value
$4,027,400
Total market value
$5,659,500
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
2007
Heating
NONE
Total area
8,071 SF
Lot
3.38 ac (147,233 SF)
APN
8017-000-015-0000
UPID
US90-3353978
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
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
Lot
3.38 ac
Current owner
From public records · entity-resolved
Pacific Woodtech Corp
Entity
Free & Clear · 6 yrs held
Mailing address
1850 PARK LN, BURLINGTON, WA 98233-4630
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2020
$37,180
Pacific Woodtech Corp
Xzavion Gc & S Properties LLC
Warranty Deed
—
Sep 2, 2016
$1,600,000
Xzavion Gc & S Properties LLC
Walton Beverage Co INC
Warranty Deed
$1,326,000 · Savibank
Apr 14, 2006
$1,031,000
Walton Beverage Co INC
S/g Properties
Warranty Deed
$2,100,000 · Skagit State Bank
Apr 28, 2005
—
S/g Properties
Sakuma Commercial LLC
Quit Claim Deed
related
—
Jul 13, 2004
$525,000
Sakuma Commerical LLC
Burlington Hill Properties
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1946 Park Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
