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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Medical Office Space
2261 Hospital Dr Sedro Woolley, WA 98284-4329
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1543091
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1977
Total area
7,703 SF
Lot
1.05 ac (45,738 SF)
APN
350427-1-014-0204
UPID
US90-1543091
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
-
Hilde Senior Living Solutions Moving Company
-
Bielas Orthodontics Dental Office
-
Cascade Dental Dental Office
-
Cascade Dental Todd T. Cooley DDS Dental Office
-
Dr. Larry J. Forsythe, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$977k
Blend (final)
Blend
$915k
Owner & transaction history
Mrf Properties LLC · 10 yrs held
Mrf Properties LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+32.8%
Office building
$1.1M
+31.8%
Auto repair, garage
$1.0M
+25.9%
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 Sedro Woolley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sedro Woolley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$795,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$1,095,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,045,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,025,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$880,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$795,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10%
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
$119 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,895
Tax year 2022
Assessed value
$1,793,400
Assessed 2021
Previous assessed
$1,793,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$411,600
Assessed improvement
$1,381,800
Land market value
$411,600
Improvement market value
$1,381,800
Total market value
$1,793,400
Applied tax rate
935.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Total area
7,703 SF
Lot
1.05 ac (45,738 SF)
APN
350427-1-014-0204
UPID
US90-1543091
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
MEDICAL BUILDING Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$795,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1977
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Mrf Properties LLC
Entity
Mailing address
2261 HOSPITAL DR STE #101, SEDRO WOOLLEY, WA 98284-4329
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2016
$1,300,000
Mrf Properties LLC
Jack & Joan Hilde Family LLC
Warranty Deed
$658,500 · Skagit Bk
May 2, 2000
—
Jack & Joan Hilde Family LLC
Hilde,jack & Joan
Quit Claim Deed
related
—
—
—
Jack Hilde
—
Deed Of Trust
related
$700,000 · Western Fsb
—
—
Mrf Properties LLC
—
Deed Of Trust
related
$542,000 · Northwest Busn Dev Assn
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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