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Property profile & analytics
FOR SALE
Commercial land
2821 Commercial Ave Anacortes, WA 98221
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0151498
For Sale
1 / 9
$2,600,000
2821 Commercial Ave, Anacortes, WA 98221
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Total area
17,142 SF
Lot
0.76 ac (33,106 SF)
APN
3794-009-000-0104
UPID
US90-0151498
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 Community Garden - Food Distribution Center Food Bank Charitable Organization
-
Cardtronics ATM Atm
-
Fleming and Galloway Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.60M
Owner & transaction history
Kingpin Properties LLC · 1 yrs held
Kingpin Properties LLC
since 2024
Last sale
$1.6M
7 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
Method
Estimation
Statistic approach
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Aug 22 2024)
Last sale anchor
$1.60M
Aug 22 2024
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
$93 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,971
Tax year 2023
Assessed value
$805,300
Assessed 2022
Previous assessed
$650,400
+23.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$805,300
Land market value
$805,300
Total market value
$805,300
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1900
Heating
NONE
Total area
17,142 SF
Lot
0.76 ac (33,106 SF)
APN
3794-009-000-0104
UPID
US90-0151498
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
1900
Heating
NONE
Lot
0.76 ac
Current owner
From public records · entity-resolved
Kingpin Properties LLC
Entity
Mailing address
2018 R AVE, ANACORTES, WA 98221-2537
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
—
Kingpin Properties LLC
Kingpin Properties LLC
Intrafamily Transfer
related
—
Sep 13, 2023
—
Kingpin Properties LLC
Jedi Holdings LLC
Re-recorded Document
related
—
Aug 21, 2023
$1,600,000
Nels Strandberg
Jedi Holdings LLC
Warranty Deed
—
Nov 30, 2020
$1,998,461
Jedi Holdings LLC
Wainman Property Holdings LLC
Warranty Deed
—
Sep 8, 2010
$1,422,000
Wainman Property Holdings LLC
Storkson,david H & Valerie V
Warranty Deed
related
$1,273,125 · Bank Of Pacific
May 7, 2008
—
David H Storkson
Ris Holdings LLC
Quit Claim Deed
related
—
Jul 9, 1999
—
David H Storkson
Skagit State Bank
Quit Claim Deed
related
—
—
—
Wainman Property Holdings LLC
—
Deed Of Trust
related
$50,000 · Bank Of The Pacific
—
—
Wainman Props Holdings LLC
—
Deed Of Trust
related
$20,000 · Bank Of Pacific
—
—
David H Storkson
—
Deed Of Trust
related
$712,073 · Skagit State 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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