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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Commercial land
224 Sharon Ave Burlington, WA 98233-2231
Entity Owned
~
Est. High Equity
Property ID
US90-0439947
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1947
Total area
10,600 SF
Lot
0.25 ac (11,099 SF)
APN
4089-005-024-0106
UPID
US90-0439947
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
-
Cascade Auto Detail Car Wash
-
All Serv Landscaping General Contractor
-
Vista Contracting LLC Painting
-
Skagit Auto Detail Car Wash
-
PNW Energy Services General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Sharon Townhomes LLC
Sharon Townhomes LLC
since 2026
Last sale
$750,000
7 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 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
$725,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $750k (Apr 24 2025)
Last sale anchor
$750k
Apr 24 2025
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
$73 / 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
$1,231
Tax year 2023
Assessed value
$139,600
Assessed 2022
Previous assessed
$86,900
+60.6% YoY
Effective rate
0.88%
On assessed value
Assessed land
$139,600
Land market value
$139,600
Total market value
$139,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1947
Heating
NONE
Total area
10,600 SF
Lot
0.25 ac (11,099 SF)
APN
4089-005-024-0106
UPID
US90-0439947
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
1947
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Sharon Townhomes LLC
Entity
Mailing address
1014 HL ST, MUKILTEO, WA 98275-2015
Ownership since
2026
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
Jan 30, 2026
—
Sharon Townhomes LLC
Grandview Homes LLC
Quitclaim Deed
related
$20,371,202 · Construction Loan Services LLC
Apr 24, 2025
$750,000
Grandview Homes LLC
Fifteen For Two LLC
Warranty Deed
$650,000 · Fifteen For Two LLC
Dec 10, 2021
$510,000
Fiftcon For Two LLC
Cardinal Ventures LLC
Warranty Deed
—
Nov 14, 2017
$110,000
Cardinal Ventures LLC
Fredrickson & Gunerius LLC
Warranty Deed
—
Feb 16, 2017
—
Fredrickson & Gunerius LLC
Fredrickson & Gunerius LLC
Quit Claim Deed
related
—
Feb 1, 2007
—
Fredrickson & Gunerius LLC
Fredrickson,allan B & Barbara A
Quit Claim Deed
—
—
—
Fredrickson & Gunerius LLC
—
Deed Of Trust
related
$770,000 · Sheila D Gunerius
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
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