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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Hotels
2019 Commercial Ave, Anacortes, WA 98221-2527
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0103371
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1940
Total area
5,798 SF
Lot
0.21 ac (9,148 SF)
APN
3833-002-015-0006
UPID
US90-0103371
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
-
Bayside Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$840k
Owner & transaction history
Bayside Anacortes LLC · 5 yrs held
Bayside Anacortes LLC
since 2021
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+98.9%
Warehouse, storage
$985,000
+48.0%
Industrial (general)
$940,000
+41.4%
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
$1,095,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$665,000
Current use
COMMERCIAL (GENERAL)
$1,325,000
Change: +99% · Conversion: Difficult
WAREHOUSE, STORAGE
$985,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$940,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: +35% · Conversion: Difficult
RESTAURANT
$865,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $850k (Apr 15 2021)
Last sale anchor
$850k
Apr 15 2021
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
$145 / 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
$4,532
Tax year 2023
Assessed value
$611,000
Assessed 2022
Previous assessed
$513,200
+19.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$365,500
Assessed improvement
$245,500
Land market value
$365,500
Improvement market value
$245,500
Total market value
$611,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1940
Heating
NONE
Stories
1
Total area
5,798 SF
Lot
0.21 ac (9,148 SF)
APN
3833-002-015-0006
UPID
US90-0103371
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
$665,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$985,000
INDUSTRIAL (GENERAL)
Est. value
$940,000
OFFICE BUILDING
Est. value
$895,000
RESTAURANT
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$820,000
RETAIL STORES
Est. value
$800,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1940
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Bayside Anacortes LLC
Entity
Mailing address
PO BOX 1683, ANACORTES, WA 98221-6683
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Marcus Lum
—
Deed
related
$557,427 · Willaim & Stephanie Lum
Apr 15, 2021
$850,000
Bayside Anacortes LLC
Bayside Inn LLC
Warranty Deed
—
Mar 6, 2007
—
Bayside Inn LLC
Epic Properties LLC
Quit Claim Deed
related
—
Nov 21, 2006
—
Epic Properties LLC
Goss,joey M & Holly C
Grant Deed
related
—
Nov 20, 2006
—
Epic Properties LLC
Goss,joey M & Holly C
Grant Deed
$650,000 · Joey M & Holly C Goss
Nov 20, 2006
$750,000
Epic Properties LLC
Goss,joey M & Holly C
Warranty Deed
—
Oct 10, 2003
$302,484
Joey M Gross
Simon,gerald E & Delight B
Grant Deed
—
—
—
Bayside Inn LLC
—
Deed Of Trust
related
$483,975 · Whidbey Island 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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