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Property profile & analytics
OFF-MARKET
Office buildings
2114 Commercial Ave Anacortes, WA 98221-2530
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1563912
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1995
Total area
1,600 SF
Lot
0.07 ac (3,136 SF)
APN
3833-004-020-0005
UPID
US90-1563912
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
-
Olympic Legal Services Law Firm
-
Neli T. Espe - Attorney at Law Law Firm
-
Olympic Legal Law Firm
-
Skagit Law Consultant
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
Raven Spirit LLC · 15 yrs held
Raven Spirit LLC
since 2011
5 recorded transactions
Zoning & alternative use
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 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
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
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,005
Tax year 2022
Assessed value
$351,200
Assessed 2021
Previous assessed
$351,200
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$189,400
Assessed improvement
$161,800
Land market value
$189,400
Improvement market value
$161,800
Total market value
$351,200
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1995
Heating
NONE
Total area
1,600 SF
Lot
0.07 ac (3,136 SF)
APN
3833-004-020-0005
UPID
US90-1563912
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
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Raven Spirit LLC
Entity
Mailing address
2114 COMMERCIAL AVE, ANACORTES, WA 98221-2530
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Mar 25, 2011
$294,500
Raven Spirit LLC
Finn,charles P & Bette B
Warranty Deed
$220,000 · Bank Of Pacific
Jun 17, 2002
$232,680
Charles P Finn
Meckstroth,cheryl R
Grant Deed
$100,000 · Cheryl R Meckstroth
Mar 30, 1995
$130,000
Cheryl Mekcstroth
York,irv & Natalie
Grant Deed
$90,000 · Seller
—
—
Cheryl Meckstroth
—
Deed Of Trust
related
$90,000 · Interwest Bank
—
—
Raven Spirit LLC
—
Deed Of Trust
related
$212,292 · Skagit State 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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