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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail properties & Spaces
2602 Commercial Ave Anacortes, WA 98221-2732
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2793251
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1997
Total area
4,080 SF
Lot
0.17 ac (7,560 SF)
APN
3794-006-002-0009
UPID
US90-2793251
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
-
Anacortes Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Birch Gardens LLC · 1 yrs held
Birch Gardens LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$695,000
+30.9%
Office building
$630,000
+19.1%
Auto repair, garage
$580,000
+9.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$530,000
Current use
WAREHOUSE, STORAGE
$695,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$565,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$440,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$124 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,848
Tax year 2024
Assessed value
$908,100
Assessed 2023
Previous assessed
$840,800
+8.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$331,600
Assessed improvement
$576,500
Land market value
$331,600
Improvement market value
$576,500
Total market value
$908,100
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1997
Heating
NONE
Total area
4,080 SF
Lot
0.17 ac (7,560 SF)
APN
3794-006-002-0009
UPID
US90-2793251
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$530,000
WAREHOUSE, STORAGE
Est. value
$695,000
OFFICE BUILDING
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$580,000
RETAIL STORES
Est. value
$565,000
MEDICAL BUILDING
Est. value
$440,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1997
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Birch Gardens LLC
Entity
Mailing address
130 LEE LN, MOUNT VERNON, WA 98274-8700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Birch Gardens LLC
J & L Property Holdings LLC
Warranty Deed
—
Sep 4, 2024
—
Grar Guy LLC
Birch Gardens LLC
Lease
$833,000 · Northwest Business Development Associati
Jul 31, 2024
$2,000,000
Birch Garden LLC
J & L Property Holdings LLC
Warranty Deed
$1,012,392 · Peoples Bank
Dec 12, 2019
—
J & L Property Holdings LLC
—
Deed
related
$1,080,000 · Mountain Pacific Bk
Dec 15, 2006
$699,719
J & L Property Holdings LLC
Skagit State Bank
Grant Deed
$700,000 · Skagit State Bank
Oct 16, 2006
—
Skagit State Bank
Hoboy,loren P & Sandra G
Trustees Deed
related
—
May 13, 2003
—
Loren P Hoboy
Dutton,james A & Lessley A
Quit Claim Deed
related
—
Jun 27, 2002
$580,000
Loren P Hoboy
Dutton,james A & Lessley
Grant Deed
$476,131 · Skagit State Bank
Apr 23, 1997
—
James A Dutton
—
Grant Deed
related
$436,701 · Skagit State Bank
Feb 20, 1996
$174,509
James A Dutton
Dares,robert & Joann
Grant Deed
$120,000 · Seller
—
—
J & L Property Holdings LLC
—
Deed Of Trust
related
$1,080,000 · Mountain Pacific Bk
—
—
Hoboy,tr
—
Deed Of Trust
related
$417,506 · Skagit State Bank
—
—
J & L Property Holdings LLC
—
Deed Of Trust
related
$572,000 · Key Bank & Trust
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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