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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Office buildings
2919 V Ave Anacortes, WA 98221-5609
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1769689
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
4,130 SF
Lot
1.54 ac (67,082 SF)
APN
350230-0-209-0000
UPID
US90-1769689
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
-
BananaBelt Boats & Yachts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.10M
Owner & transaction history
Effette LLC · 7 yrs held
Effette LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+19.0%
Auto repair, garage
$995,000
+5.1%
Retail stores
$995,000
+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%
$1,570,000
6.5%
$1,450,000
7%
$1,345,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Current use
COMMERCIAL (GENERAL)
$1,130,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$995,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$995,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$265 / 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
$8,684
Tax year 2022
Assessed value
$1,016,000
Assessed 2021
Previous assessed
$1,016,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$611,700
Assessed improvement
$404,300
Land market value
$611,700
Improvement market value
$404,300
Total market value
$1,016,000
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
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
2
Stories
1
Total area
4,130 SF
Lot
1.54 ac (67,082 SF)
APN
350230-0-209-0000
UPID
US90-1769689
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
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$995,000
RETAIL STORES
Est. value
$995,000
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
2002
Heating
NONE
Stories
1
Buildings
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Effette LLC
Entity
Mailing address
1415 COMMERCIAL AVE #205, ANACORTES, WA 98221-2232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Effette LLC
—
Deed
related
$1,800,000 · Peoples Bank
Mar 29, 2019
$1,575,000
Effette LLC
Ripley,john I & Constance B
Warranty Deed
$785,000 · Peoples Bk
Jul 31, 2017
—
John Ripley
—
Deed
related
$739,900 · Skagit Bk
Jan 5, 2017
—
John Ripley
—
Trustees Deed
related
$67,404 · Skagit Bk
May 18, 2005
—
John Ripley
Bean,howard & Pamela
Quit Claim Deed
related
$764,786 · Skagit State Bank
Feb 16, 2001
$522,948
North Harbor Diesel LLC
Transpac Industrial Dev Enterp
Grant Deed
—
Dec 11, 1998
$380,000
Transpac Industrial Dev
Fulton,david & Amy C
Grant Deed
—
Feb 8, 1995
$247,492
William Wooding
Anacortes City
Grant Deed
—
—
—
John Ripley
—
Deed Of Trust
related
$125,000 · Skagit State Bank
—
—
John Ripley
—
Deed Of Trust
related
$165,000 · Skagit State Bank
—
—
North Harbor Diesel LLC
—
Deed Of Trust
related
$764,786 · Skagit State Bank
—
—
North Harbor Diesel LLC
—
Deed Of Trust
related
$344,145 · Skagit State Bank
—
—
North Harbor Diesel LLC
—
Deed Of Trust
related
$192,547 · Skagit State Bank
—
—
North Harbor Diesel LLC
—
Deed Of Trust
related
$477,856 · Skagit State Bank
—
—
John Ripley
—
Deed Of Trust
related
$739,900 · Skagit Bk
—
—
John Ripley
—
Deed Of Trust
related
$40,000 · Skagit Bk
—
—
John I Ripley
—
Deed Of Trust
related
$740,000 · Skagit Bk
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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