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    Property profile & analytics

    2916 Q Ave Anacortes, WA 98221

    • Day care centers
    • 872 SF
    • 0.14 lot acres
    For Sale
    View listing
    $399,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0834954
    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.

    Current Use by Public Records

    • Day care centers

    Property Details for 2916 Q Ave

    Lot size
    0.14 lot acres
    Property size
    872 SF
    Property type
    Day care centers
    Property subtype
    Medical offices
    APN
    60625

    Description

    This exceptional 872 square foot mixed-use property, situated on a 0.14-acre lot in Anacortes, Washington, presents a compelling redevelopment opportunity. Located just off Commercial Avenue and adjacent to SaviBank's new branch, this commercially zoned site (APN 60625) offers high visibility and convenient access. The existing building provides a solid foundation for various ventures, including daycare, medical office, or restaurant uses. With a list price of $500,000, the price per square foot is $573.39. The property's prime location and flexible zoning make it an ideal investment for entrepreneurs and developers seeking a high-impact project in a thriving community. The address is 2916 Q Avenue, Anacortes, WA 98221. All information is deemed reliable but not guaranteed

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Anacortes
    County
    Skagit
    State
    Washington
    Longitude
    -122.6115076
    Latitude
    48.4982227

    Comparable in this City

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      Anacortes Investment Opportunity

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      Lakefront Motel and Cabin

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      Skagit County Grow Facility

      Farms • 5,104 SF
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      High Visibility Corner Lot

      Prime corner lot with income-producing NNN ground lease.
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    • $2,300,000

      Anacortes Warehouse in Quantum Business Park

      Well-maintained warehouse with reliable tenant in Anacortes.
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    Similar Nearby for Sale

    • $2,495,000
      6,965 SF

      Anacortes Investment Opportunity

      Mixed-use property with restaurant, apartments, retail, and houses for sale.
      2001 Commercial Ave, Anacortes, WA 98221
      View Details
    • $1,500,000
      5,160 SF

      Lakefront Motel and Cabin

      Motel with lake cabin on Lake Campbell in Anacortes.
      6676 State Route 20, Anacortes, WA 98221
      View Details
    • $275,000

      Ready-to-Build Marina View Lot

      Large lot in Skyline ready for development with water views.
      5506 Rosario Way, Anacortes, WA 98221
      View Details
    • $965,000
      12,987 SF

      High Visibility Corner Lot

      Prime corner lot with income-producing NNN ground lease.
      1120 Commercial Ave, Anacortes, WA 98221
      View Details
    • $1,975,000
      10.00 Acres

      Skagit County Grow Facility

      Farms • 5,104 SF
      9720 Padilla Heights Rd, Anacortes, WA 98221
      View Details
    • $2,300,000

      Anacortes Warehouse in Quantum Business Park

      Well-maintained warehouse with reliable tenant in Anacortes.
      12743 Quantum Ln #22, Anacortes, WA 98221
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
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      Anacortes Professional Center Suites

      Class A Office Space, Prime Location
      317 Commercial Ave, Anacortes, WA 98221
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    • $32 SF/Yr
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      Medical Office Space in Anacortes

      Medical office space available near Island Health hospital facility.
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    • $6,000 /Mo
      4,817 SF

      Anacortes Commercial Corner Property

      Highly visible retail/office/industrial property in Anacortes' commercial district.
      2615 Commercial Ave, Anacortes, WA 98221
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    • Contact for pricing
      1,443 SF

      Commercial Avenue Office Space

      Office space available on Commercial Avenue in Anacortes, WA.
      519 Commercial Ave, Anacortes, WA 98221
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    • $24 SF/Yr
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      Anacortes Office Space For Rent

      Professional office space available near State Route 20 in Anacortes.
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    • $16 SF/Yr
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      Retail Space in Historic Downtown

      16,214 SF retail building in Anacortes' historic downtown.
      1517-1519 Commercial Ave, Anacortes, WA 98221
      View Details
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    Anacortes, WA 98221
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    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
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