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Property profile & analytics
OFF-MARKET
Office buildings
2702 R Ave Anacortes, WA 98221-2856
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-0125928
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1925
Construction
WOOD FRAME
Total area
1,092 SF
Lot
0.17 ac (7,405 SF)
APN
3791-005-003-0011
UPID
US90-0125928
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
-
Fiddlehead Montessori High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fiddlehead Properties LLC · 9 yrs held
Fiddlehead Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,640
Tax year 2022
Assessed value
$425,500
Assessed 2021
Previous assessed
$425,500
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$216,200
Assessed improvement
$209,300
Land market value
$216,200
Improvement market value
$209,300
Total market value
$425,500
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
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
3
Total area
1,092 SF
Lot
0.17 ac (7,405 SF)
APN
3791-005-003-0011
UPID
US90-0125928
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
Building & site characteristics
From public records
Year built
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Fiddlehead Properties LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 345, ANACORTES, WA 98221-0345
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2017
$295,000
Fiddlehead Properties LLC
Jelstrup Carl H Trust
Warranty Deed
—
Mar 11, 2009
—
Jelstrup Carl H Trust
Jelstrup,carl H
Quit Claim Deed
related
—
Nov 3, 2000
$150,000
Carl H Jelstrup
Wanner,beryl
Grant Deed
$120,000 · Greenpoint Mortgage Funding
Mar 23, 1999
$125,000
Beryl Wanner
Clark,craig A & Beth A
Grant Deed
$100,000 · Norwest Mortgage INC
Aug 22, 1997
$75,500
Craig A Clark
Crosby,eleanor P Crosby Estate
Grant Deed
$77,500 · Continental Savings Bank
—
—
Carl H Jelstrup
—
Deed Of Trust
related
$121,334 · Bank Of America
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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