Financial
Distress signals
Property profile

301 E Rio Vista Ave Burlington, WA 98233

FOR LEASE
Retail space
Property ID
US90-3010276
1,526 SF 0.14 ac lot Built 1925
Last sale May 2023 · $441,235
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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301 E Rio Vista Ave, Burlington, WA 98233 For Lease
Contact for pricing 1,526 SF available
301 E Rio Vista Ave, Burlington, WA 98233
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Property summary

AI-generated overview

The property includes a building of approximately 1,526 square feet on a lot of approximately 0.14 acres. It provides parking along the rear and side of the building. The site is zoned MUR-1 (Mixed Use Residential). The location offers direct access to I-5 via exit 230 and to Hwy 20, and it is situated near retail and office uses, including Haggen, Fred Meyer, and City of Burlington offices.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2022$284k
Assessed land$174k
Assessed improvement$110k
Effective rate0.88%

Value estimate

· Sep 2026
$395k
$356k – $435k
AI approach$425k
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$270
Operating expenses−$7k
NOI · 61,355.56% cap applied$11k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$241/SF
County average, outlier-cleaned · 100 recorded sales of this use type
Observed band · Q1–Q3$128 – $392
Qualifying comparables5

Cap rate analysis

How does the asset earn?
61,355.56%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSKAGIT

Location intelligence

Which uses thrive at this corner?
Best fit: Bakery
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Bakery9.3
Law Firm9.3
Garden Center9.1

Location

301 E Rio Vista Ave Burlington, WA 98233
County assessor Recorded deeds · 9 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1760 Burlington, Burlington, WA 98233-3224 $630,000 Feb 2023 1,397 SF
133 Rio Vis, Burlington, WA 98233-2220 $530,000 Nov 2022 2,448 SF
1750 Burlington, Burlington, WA 98233-3208 $500,000 Jan 2022 1,612 SF
302 Lila, Burlington, WA 98233-3319 $425,000 May 2021 2,480 SF
525 Burlington, Burlington, WA 98233 $1,300,000 Apr 2021 1,344 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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