Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    205 1st St La Conner, WA 98257
    Property profile & analytics

    205 1st St, La Conner, WA 98257

    View on Map

    • Motels
    • 28,076 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Jun 13, 2024
    Property ID
    US90-1377951
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Conner Channel Lodge / Hotel & Motel
    • San Juan Cruises - La Conner Dock / Cruise Terminal

    Property Details for 205 1st St

    Year built
    1991
    Lot size
    0.11 lot acres
    Property type
    Motels
    APN
    4124-001-008-0003
    APU
    41240010080003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 13, 2024 — Peoples Bk Channel Investment Group Washington St Dept Of Natural Resou Assignment Of Lease (leasehold Sale) —
    Apr 1, 2024 — Channel Investment Group LLC — Deed · related $2.3M · Peoples Bank
    Mar 29, 2024 $7,743,000 Channel Investment Group LLC Laconner County Inn LLC Warranty Deed $4.1M · Peoples Bank
    Mar 22, 2024 — Laconner Country Inn LLC Washington St Dept Of Natural Resou Lease —
    — — Laconner Country Inn LLC — Deed Of Trust · related $2.6M · Puget Sound Bank
    — — Laconner Country Inn LLC — Deed Of Trust · related $20k · Puget Sound Bank
    — — Laconner Country Inn LLC — Deed Of Trust · related $2.3M · Sterling Savings Bank
    — — Laconner Country Inn Ltd — Deed Of Trust · related $2.3M · Us Bank Of Washington
    — — Laconner Country Inn Ltd — Deed Of Trust · related $785k · Us Bank Of Washington

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,165,000
      6.5%
      $2,925,000
      7%
      $2,715,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,646,000
      Market price range: $644k - $4.30M
    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,970,000
      Current use
      OFFICE BUILDING
      $4,020,000
      Change: +104% Conversion: Difficult
      RESTAURANT
      $3,730,000
      Change: +89% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,685,000
      Change: +87% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,525,000
      Change: +79% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $3,210,000
      Change: +63% Conversion: Difficult
      MEDICAL BUILDING
      $3,025,000
      Change: +53% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    La Conner
    County
    Skagit
    State
    Washington
    Longitude
    -122.496
    Latitude
    48.3929
    CBSA code
    34580
    CBSA name
    MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,461
    $141,700
    $4,425,100
    $4,566,800
    -
    $141,700
    $4,425,100
    $4,566,800
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message