Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    237 Fairhaven Ave Burlington, WA 98233-1702
    Back to Search
    Property profile & analytics

    237 Fairhaven Ave Burlington, WA 98233-1702

    View on Map
    • Retail properties & Spaces
    • 10,149 SF
    • 0.24 lot acres
    Off-Market
    Last Sale Feb 17, 2023
    Property ID
    US90-0124342
    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
    $800,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ekrem Hardware Do-It center / Building Supply / Hardware & Home Improvement

    Property Details for 237 Fairhaven Ave

    Year built
    1900
    Lot size
    0.24 lot acres
    Property size
    10,149 SF
    Property type
    Retail properties & Spaces
    APN
    4076-098-020-0001
    APU
    40760980200001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.333
    Latitude
    48.4758
    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
    2022
    $6,699
    $198,500
    $509,200
    $707,700
    -
    $198,500
    $509,200
    $707,700

    Comparable in this City

    • Value Estimation by Request
      2,160 SF

      10943 Chuckanut Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,160 SF
      10943 Chuckanut Dr, Burlington, WA 98233-9451
      View Details
    • Value Estimation by Request
      0.59 Acres

      1651 Lindamood Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.59 Acres
      1651 Lindamood Ln, Burlington, WA 98233
      View Details
    • Value Estimation
      $7,545,000
      69,051 SF

      1942 Marketplace Dr

      DEPARTMENT STORE • 69,051 SF
      1942 Marketplace Dr, Burlington, WA 98233-3206
      View Details
    • Value Estimation by Request
      446,430 SF

      201 Cascade Mall Dr

      Lifestyle centers • 446,430 SF
      201 Cascade Mall Dr, Burlington, WA 98233
      View Details
    • Value Estimation by Request
      60,320 SF

      700 Cascade Mall Dr

      DEPARTMENT STORE • 60,320 SF
      700 Cascade Mall Dr, Burlington, WA 98233-3262
      View Details
    • Value Estimation
      $1,605,000
      11,268 SF

      1611 Burlington Blvd

      DEPARTMENT STORE • 11,268 SF
      1611 Burlington Blvd, Burlington, WA 98233-3221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,120 SF

      Retail Building on Highway 20

      2,120 SF retail building on 2 acres for sale.
      20601 Hwy 20, Burlington, WA 98233
      View Details
    • Contact for pricing

      Retail Building Near I-5 Exit

      Retail building with parking, near highway and shopping centers.
      301 E Rio Vista Ave, Burlington, WA 98233
      View Details
    • Contact for pricing
      4,298 SF

      Retail Building Near Cascade Mall

      4,298 SF retail building on 1.21 acres for sale.
      1126 South Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing
      4,298 SF

      Retail Building Near Cascade Mall

      Retail building on Burlington Blvd near Target and Fred Meyer.
      1126 S Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Established Restaurant in Downtown Location

      Thriving restaurant for sale in a prime downtown location.
      624 E Fairhaven Ave, Burlington, WA 98233
      View Details
    • $6,800,000
      2,916 SF

      Burlington Office Space For Rent

      Office suites available for lease in Burlington, Washington.
      195 East George Hopper Rd, Burlington, WA 98233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,794 SF

      Former Restaurant Space Available

      Restaurant space with equipment available for lease in Burlington.
      478 Andis Rd, Burlington, WA 98233
      View Details
    • Contact for pricing
      5,061 SF

      Retail Space in Burlington Plaza

      Retail space for lease in redeveloped Burlington Plaza.
      200-496 Fashion Way, Burlington, WA 98233
      View Details
    • Contact for pricing
      12,774 SF

      Retail Space in Burlington Available

      4,889 SF retail space in a three-tenant building.
      130 East Fairhaven Ave, Burlington, WA 98233
      View Details
    • Contact for pricing
      123,354 SF

      Available Retail Suites in Burlington

      123,354 SF of retail space for lease.
      201 Cascade Mall Dr, Burlington, WA 98233
      View Details
    • Contact for pricing
      2,360 SF

      Retail Space on Burlington Boulevard

      Retail space with high visibility and dedicated parking available for rent.
      560 S Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Power Center

      Highly visible retail space available in Burlington power center.
      1809-2050 Marketplace Dr, Burlington, WA 98233
      View Details

    Property Visit Statistics

    • Visits by month
      8.7k
    • Visitors by month
      5.3k
    • Avg Time on site
      7 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    237 Fairhaven Ave
    Burlington, WA 98233-1702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    237 Fairhaven Ave, Burlington, WA, 98233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!