Technical
Financial
Distress signals
Property profile

2302 Commercial Ave Anacortes, WA 98221

OFF-MARKET
Turn key restaurants
Property ID
US90-1780013
3,648 SF 0.14 ac lot Built 1900
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 3,648 SF
Lot 0.14 ac (6,316 SF)
APN 3788-008-003-0002
UPID US90-1780013

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2302 Commercial Ave Anacortes, WA 98221-2555
Anacortes metro Census 940500 MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$458k
Blend (final) Blend
$620k

Owner & transaction history

since 2020
Last sale
$525,000
7 recorded transactions
2020
$525,000
2011
$400,000
2011
$401,035
2007
$699,719
2004
$350,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $880,000 +14.5%
Retail stores $880,000 +14.4%
Office building $835,000 +9.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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