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Property profile & analytics
OFF-MARKET
Automotive properties
201 Pioneer Way Oak Harbor, WA 98277-5715
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0133351
Property summary
AI-generated overview
This exceptional 3.66-acre property in Oak Harbor, Washington, presents a compelling redevelopment opportunity. Located at 201 SE Pioneer Way, this C-3 zoned site boasts 159,430 square feet and offers significant flexibility for mixed-use development, encompassing multi-family, commercial, and retail components. The property's strategic position along a high-traffic four-lane arterial provides excellent visibility and accessibility. Its proximity to Windjammer Park, stunning waterfront views, and a short walk to City Beach and the Oak Harbor CBD further enhance its desirability. The site includes two existing buildings and ample paved parking, with all utilities readily available. Currently occupied at 100% with a modified lease and multi-tenancy, the property is listed at $3,978,000 ($24.95/sq ft). This Qualified Opportunity Zone location offers substantial potential for investors seeking high-density development in a thriving community. The property is surrounded by commercial, retail, and upscale residential condominiums, ensuring a vibrant and desirable neighborhood.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1965
Total area
2,288 SF
Lot
2.94 ac (127,979 SF)
Zoning code
OH
APN
S6565-00-00B02-0
UPID
US90-0133351
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
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
Pioneer Automotive Services Auto Repair Shop
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
Redneck Properties LLC · 16 yrs held
Redneck Properties LLC
since 2010
7 recorded transactions
Zoning & alternative use
OH · Oak Harbor, 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 Oak Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Harbor 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
$2,499,982
Assessed 2023
Previous assessed
$1,808,433
+38.2% YoY
Assessed land
$2,047,390
Assessed improvement
$452,592
Land market value
$2,047,390
Improvement market value
$452,592
Total market value
$2,499,982
Applied tax rate
100.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1965
Heating
ELECTRIC
Buildings
2
Stories
1
Rooms
1
Total area
2,288 SF
Lot
2.94 ac (127,979 SF)
Zoning code
OH
APN
S6565-00-00B02-0
UPID
US90-0133351
Jurisdiction
ISLAND
Zoning & alternative use
OH · Oak Harbor, WAZoning OH · permitted uses
OH · Oak Harbor, 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
1965
Heating
ELECTRIC
Stories
1
Buildings
2
Rooms
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Redneck Properties LLC
Entity
Mailing address
1215 S 2ND STA, MOUNT VERNON, WA 98273-4801
Ownership since
2010
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
Jun 8, 2010
—
Redneck Properties LLC
Rennebohm,richa
Quit Claim Deed
related
—
Apr 2, 2009
—
Rs & Rr Investments LLC
Rennebohm,richard A
Warranty Deed
—
Apr 2, 2009
$339,926
Gary S Funk
Funk,gary S
Warranty Deed
related
—
Mar 30, 2009
—
Richard A Rennebohm
Rennebohm,mark L
Quit Claim Deed
related
—
Mar 21, 2009
—
Richa Rennebohm
Rennebohm,richard A
Quit Claim Deed
related
—
—
—
Rs & Rr Investments LLC
—
Deed Of Trust
related
$1,559,099 · Skagit State Bank
—
—
G & R Investments LLC
—
Deed Of Trust
related
$1,527,601 · Summit 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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