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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Office buildings
2620 Commercial Ave Anacortes, WA 98221-2732
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0555006
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2013
Total area
4,987 SF
Lot
0.26 ac (11,151 SF)
APN
3794-006-007-0004
UPID
US90-0555006
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
-
North Sound OFS Oral & Facial Surgery Dental Office
-
Dr. Pardeep S. Brar Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.55M
Owner & transaction history
P & P Fidalgo Investments LLC · 15 yrs held
P & P Fidalgo Investments LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+19.0%
Auto repair, garage
$1.2M
+5.1%
Retail stores
$1.2M
+4.9%
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 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%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,145,000
Current use
COMMERCIAL (GENERAL)
$1,360,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,205,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$1,200,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$311 / 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
$17,734
Tax year 2022
Assessed value
$2,075,400
Assessed 2021
Previous assessed
$2,075,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$476,700
Assessed improvement
$1,598,700
Land market value
$476,700
Improvement market value
$1,598,700
Total market value
$2,075,400
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
4,987 SF
Lot
0.26 ac (11,151 SF)
APN
3794-006-007-0004
UPID
US90-0555006
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
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2013
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
P & P Fidalgo Investments LLC
Entity
Mailing address
4405 MARINE HTS WAY, ANACORTES, WA 98221-8288
Ownership since
2011
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
Mar 2, 2022
—
P&p Fidalgo Investments LLC
—
Deed
related
$362,251 · Peoples Bank
Feb 1, 2011
$435,000
P & P Fidalgo Investments LLC
Hayton,richard W
Warranty Deed
$335,000 · Richard W Hayton
—
—
P & P Fidalgo Investments LLC
—
Deed Of Trust
related
$1,275,000 · Skagit State Bank
—
—
Richard W Hayton
—
Deed Of Trust
related
$68,300 · Interwest Savings Bank
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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